It pays to be careful in case of business trips
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.
Life of debtors becomes uncomfortable
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.
Competition restrictions in sale contracts can cause a lot of problems
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.
Termination of consumer credit contracts and the determination of the annual percentage rate become clearer
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.
Competition and energy law expert Kätlin Kiudsoo joins PwC Legal
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.
Scandic sells landmark hotel Palace to Eften Capital
PwC Legal advised Scandic in the sale of the landmark hotel Palace in Tallinn to Eften Capital.
M&A and Real Estate specialist Triinu Reinold joins PwC Legal
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: Estonian Integrated Tax & Legal Advisory Firm of the Year
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.
Two new members join PwC Legal.
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.