Thirteen lawyers from Glimstedt, one of the most renowned law firms in Estonia, join PwC Legal Estonia. Long time Glimstedt partners Indrek Leppik and Priit Lätt become partners at PwC Legal Estonia.
Priit Martinson, Estonian economic diplomat and entrepreneur in China since 2008, joins the leading global law firm network PwC Legal.
PwC Legal advised one of Estonia's leading investment companies EfTEN Capital AS in the purchase of sole shareholding in Astlanda Hotell Aktsiaselts.
On April 15 the requirements of the European directive on late payments were transposed into Estonian law and the amendments to the Law of Obligations Act came to force. This is a positive development for Estonian entrepreneurs, because it strengthens the position of creditors in the communication with debtors among companies and public departments.
Amendments to the Law of Obligations Act will pass into law on the Labour Day. Those amendments elaborate on the terms of termination of consumer credit contracts and the calculation of the annual percentage rate.
In the beginning of this year the Supreme Court of Estonia adjudicated on a matter which changes the current understanding about the law applicable to employees who are dispatched abroad. According to the decision it may be necessary to apply the law and working conditions of another country even in cases where the applicable law is established by the employment contract. Therefore we advise employees, who have to stay abroad frequently due to the nature of their work, to verify whether the applicable law is foreign or not.
The common practice when acquiring a company is to add a clause which restricts competition. Such a clause prescribes that during a certain time period after the sale and in an agreed field of activity, the seller will not compete neither with the company being sold or the acquirer. These kinds of agreements are automatically not prohibited, however they are often on the borderline of being in contradiction with competition law.
Competition and energy law expert attorney-at-law Kätlin Kiudsoo has joined PwC Legal Estonia. She has extensive experience on merger control issues in M&A cases and she has been a part of most of the complicated merger control cases known in Estonia and successfully managed to gain numerous positive results for her clients in various business areas.
PwC Legal advised Scandic in the sale of the landmark hotel Palace in Tallinn to Eften Capital.
A renowned M&A and Real Estate expert Triinu Reinold has joined PwC Legal as Specialist Counsel. In addition to her role as a Specialist Counsel at PwC Legal, Triinu is the General Counsel for Colonna - one of the largest real estate investors in Estonia.
PwC has won the 2012 legal award - Integrated Tax and Legal Advisory Firm of the Year: Estonia - by global monthly business magazine Acquisition International. The leading dealmakers were selected and awarded by combining voting results alongside in-house research data and industry expertise.
Due to its dynamic growth, PwC Legal has taken two new people on board to help facilitate the growth: an associate Andres Hurt and a paralegal Signe Habakukk.