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Contract and Tort Act impacts on banking sector

08.11.2001

On September 26 2001 the Parliament (Riigikogu) passed the Contract and Tort Act. The act is expected to take effect between July 1 2002 and January 1 2003.

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Five steps for mergers

11.02.2001

There are two statutory ways in which companies can merge in Estonia. Either a company that is being acquired merges with another and the former is dissolved, or two companies merge to create a new company and the merging companies are dissolved.

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Money laundering regulations become tougher

10.01.2001

The Money Laundering Prevention Act was initially adopted in November 1998. The act provided a legal definition of 'money laundering' and regulated the obligations of credit and financial institutions, and the role of the Financial Intelligence Unit.

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