Estonians are observing Latvia’s change of currency with great interest and support. Below are a few encouraging thoughts as well as experiences from our transition to the new currency, writes Siim Maripuu, lawyer of the Tallinn office of TRINITI, a pan-Baltic alliance of law firms.
One of the most significant issues in cross-border merger is the choice of where the headquarters of the company will be, write Zanda Frišfelde and Zane Paeglīte, associates of SORAINEN Latvia.
Karmen Turk, attorney at TRINITI, a pan-Baltic alliance of law firms, writes that the European Court of Human Rights has recently published a significant precedent judgement regarding media rights on the Internet.
Latvia has been ranked highest of the three Baltic countries at 140th among 178 countries by the Foreign Policy Group and the Fund For Peace, writes Anri Leimanis, attorney of Triniti, a pan-Baltic alliance of law firms.
Vilija Viešūnaitė from TRINITI, a pan-Baltic alliance of law firms, writes that a non-competition agreement is an employee’s commitment not to compete with the employer during the employment contract period and/or the certain period following the termination of the employment contract.
According to a legal study conducted by Pan-Baltic legal alliance TRINITI, commissioned by the Estonian Technical Surveillance Authority to analyse the legal aspects of establishing a Rail Baltic joint venture, the company should be set up as soon as possible, as it is crucial to submit the bid for European Union funding on behalf of the joint beneficiary before the next budget period begins.
In larger and often EU-funded co-operation projects between the Baltic States as well as in business of pan-Baltic companies subjected to obligatory public procurement the practical question arises: should Estonian, Latvian or Lithuanian procurement regulation be preferred? writes Tõnis Tamme, attorney-at-TRINITI, a pan-Baltic alliance of law firms.
At a meeting in Brussels on July 9, European Union finance ministers officially agreed to make Latvia the 18th member of the Eurozone. Latvia will start using the new currency on January 1, 2014, writes Anri Leimanis from Triniti, pan-Baltic alliance of law firms.
Taivo Ruus, partner of Triniti, a pan-Baltic alliance of law firms, writes about a landmark judgement made by the European Court of Justice at the end of 2012 on prohibited state aid.
Laurynas Vaicekauskas, attorney of pan-Baltic alliance of law firms, writes that the Law on Personal Bankruptcy that came into force in March of 2013 in Lithuania provides for a possibility for individuals riddled with financial problems to get rid of their debt burdens, at least in theory. However, a detailed analysis of the legal provisions revealed that in reality the bankruptcy would be accessible only to the affluent individuals with high income.
The EU has started making efforts to create a unified European patent system which is likely to enter into force in the first half of 2014, writes Vilija Viesunaite, partner and attorney at law of pan-Baltic law alliance TRINITI.
Settlement of cross-border cases and problems related to enforcement of judicial decision in another Member State has become increasingly more significant, writes Anni Prants from TRINITI, a pan-Baltic cross-border legal practice.
Several international corporations have established branches in Estonia and the number of such branches is expected to grow in the future. Therefore it is apparent that the matters of applying the Estonian labour law to alien employees need to be explained in a short format, writes attorney Ramil Pärdi.
Little has been said about bankruptcy as an option for exit although it is an option that should be considered seriously for quite a number of companies.
Linas Sabaliauskas, attorney-at-law and partner of TRINITI, a Baltic alliance of law firms, writes that in the near future venture capital markets in the Baltic States are going to expand even more rapidly, providing new opportunities and opening new possibilities to the players of the private equity and venture capital markets.
E20 is a west to east route covering some 1800 km spanning Northern Europe from Limerick (Ireland) to St Petersburg (Russia). The total size of the „E20 economy“ is estimated at around 150 billion euros with a market in excess of 22 million people, writes Tõnis Tamme, partner of TRINITI, an allience of Baltic commercial law firms.
Last week, yields on 10-year US government bonds declined almost to 2%. That is the lowest level since 1954. This could indicate a bubble, and countries like China, Japan and Russia could be about to lose some of the value of their currency reserves.