28.10.2002
The new Penal Code of Estonia recently entered into force. Among other things, the code introduces new punishments for violations in the banking sector.
27.06.2002
On 26 September 2001, the Estonian Parliament (Riigikogu) passed the Contracts and Torts Act. The Act is expected to take effect between 1 July 2002 and 1 January 2003, along with a separate implementing act. The Act repeals the only part of the Soviet-imposed Civil Code still in force.
18.04.2002
On December 13 2001 the Estonian Parliament passed an act introducing significant changes to the Credit Institutions Act 1999. Most of the changes took effect on January 1 2002 whereas others will enter into force upon Estonia's accession to the European Union.
25.03.2002
The new Contract and Tort Act is expected to take effect with separate implementing acts between July 1 2002 and January 1 2003. Previously, contractual deviations from the Soviet Civil Code were permitted only in certain cases (although this interpretation shifted towards freedom of contract in 1991 when Estonia regained its independence).
Estonia
Roosikrantsi 2
10119 Tallinn, Estonia
Phone: +372 611 0900
estonia@tgslegal.com
Latvia
Brivibas 43
LV-1010 Riga, Latvia
Phone: +371 6788 9999
latvia@tgslegal.com
Lithuania
Didžioji 23
LT-01128 Vilnius, Lithuania
Phone: +370 5251 4444
lithuania@tgslegal.com
Vlasova Mikhel & Partners
76A Masherova Av.
220035, Minsk, Belarus
Tel. + 375 17 203 84 96
info@vmp.by
www.vmp.by