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Distance contracts for financial services

12.12.2004

Recent changes to the Law of Obligations Act define distance contracts for the provision of financial services and deal with the consumer's right to receive information and to withdraw from the contract. The amendments implement the EU Directive on Distance Marketing of Consumer Financial Services.

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2004-2005 edition of Chambers Global Client’s Guide released

08.12.2004

The British independent publisher Chambers Global (Chambers & Partners Publishing) has released a new client’s guide (Chambers Global The World’s Leading Lawyers for Business 2004-2005 The Client’s Guide) which is based on even more extensive interviews with clients than the earlier editions. This new guide provides an outline of the best lawyers and law firms in 174 countries (including Estonia)

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Banking law: legislative update

28.11.2004

On June 16 2004 the Estonian Parliament (the Riigikogu) heard a motion to process a draft act purporting to amend the Credit Institutions Act 1999 and the Commercial Code 1995. The draft was prepared by the Central Bank, the Ministry of Finance and the Financial Supervision Authority. The draft has already passed its first parliamentary reading.

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Top 10 law firms of the Baltic and Nordic states

24.10.2004

The fourth issue of Nordic Legal Business magazine De Facto Nordic Lawyer has listed the best attorneys and law firms of Denmark, Estonia, Finland, Latvia, Lithuania, Norway and Sweden

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Mergers and Acquisitions

01.07.2004

The purpose of this article is to provide a brief description of mergers and acquisitions from the lawyers’ perspective. This article has been extracted from the book “Mergers and Acquisitions” published early in May 2004

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Pre-emption right in share transfer transactions

23.05.2004

The Law of Obligations Act, which took effect on July 1 2002, introduced a pre-emption right that applies to the shareholders of limited liability companies. The concept differs from its predecessor and its interpretation has proved troublesome, particularly in relation to share transfer transactions.

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Estonia's accession to the European Union and its impact on cross-border banking

10.05.2004

Estonia acceded to the European Union on 1 May 2004. On that date, regulations on free movement of services between the Member States, including the right of Estonian credit institutions to establish branches in the other Member States, took effect.

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Statutory form requirement for transfer of enterprises

26.01.2004

Certain statutory form requirement must be taken into consideration while transferring of an enterprise in Estonia.

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