15.12.2010
09.12.2010
06.12.2010
24.11.2010
13.09.2010
On 10 September 2010, the partners of the law firms Tark & Co in Estonia, Grunte & Cers in Latvia and Sutkiene, Pilkauskas & Partners in Lithuania signed an agreement merging the three firms into a single, fully integrated law firm named Tark Grunte Sutkiene, which now has over 80 lawyers practicing in offices located in Tallinn, Tartu, Riga and Vilnius.
14.06.2010
03.06.2010
Recently published Chambers Europe 2010 gives Tark & Co the highest ranking (band 1) in the area of banking and finance, corporate and commercial, real estate and employment law and also recognises its work in the area of competition and antitrust, dispute resolution and intellectual property law.
25.05.2010
This article appeared in the 7th edition of The International Comparative Legal Guide to: Environment Law; published by Global Legal Group Ltd, London.
19.05.2010
According a recent case decided by the Estonian Supreme Court, the conclusion of several contracts of suretyship does not necessarily mean that the creditor has the entire debt secured. Before concluding a contract of suretyship, it should be carefully considered whether a contract should be concluded with several persons, whether the maximum amount of suretyship should be fixed, and whether the obligations secured could be regarded as a single obligation in the particular case. Otherwise, the creditor may find itself in a situation where the obligations secured are regarded as a single obligation, in which case sureties have solidary liability but the liability is limited to the maximum amount fixed in the contract concluded with them. This may mean for the creditor that, instead of the full debt, only a half of the debt is secured.
17.05.2010
A client seminar titled “Are you ready for a recovery” organised by Tark & Co’s Tartu team was held in Tartu on 14 May.
15.04.2010
31.03.2010
The recently published Chambers Global 2010 gives Tark & Co the highest ranking (band 1) in the area of corporate and commercial law and also recognises its work in the area of dispute resolution.
23.03.2010
15.01.2010
On 1 January 2010, a number of major amendments to the Bankruptcy Act entered into force. The amendments aim at clarifying and changing several important issues relating to bankruptcy proceedings. Below you find a summary of few of the amendments.
15.01.2010
The Civil Chamber of the Supreme Court has, in its judgment no. 3-2-1-143-09 of 22 December 2009, analysed the issue of the unilateral termination of contracts. A party to a contract can terminate an obligation arising from the contract by a unilateral declaration of intention above all if the other party breaches the contract. If a party wishes to escape from a contract by a unilateral declaration of intention due to a breach by the other party, the party can withdraw from the contract or cancel the contract both in part or in full. However, the legitimate interest of the other party in the continuation of the contract must be taken into account and the party can be allowed to unilaterally terminate the rights and obligations arising from the contract only to the extent strictly necessary. If contractual obligations are to be performed in parts and fundamental breach of contract is committed only with regard to one obligation or some obligations or one part or some parts thereof, the injured party may withdraw from the contract only with regard to such obligation or part of an obligation. The injured party may withdraw from the entire contract only if the party is justifiably not interested in partial performance or if the breach is fundamental with regard to the contract as a whole.
15.01.2010
The Civil Chamber of the Supreme Court has, in its judgment no. 3-2-1-126-09 of 8 December 2009, explained the concept of a consumer surety. Such a surety can only be given by a consumer who enters into a transaction outside the scope of his independent business or professional activities. A consumer is each natural person to whom goods or services are offered or who acquires or uses goods or services for purposes not related to his business or professional activities.
11.01.2010
4 - 6 February 2010
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