RoschierRaidla News


March-April 2009 Estonia, Latvia, Lithuania, Finland, Sweden
RoschierRaidla: an integrated cross-border operation of approximately 270 lawyers in five jurisdictions, including Roschier in Finland and Sweden and Raidla Lejins & Norcous in Estonia, Latvia and Lithuania. Offers you: solutions based on premier legal expertise in each jurisdiction; uniform quality and best practices of international standard.


ESTONIA Employment Contracts Act Adopted On 17 December 2008, the Estonian Parliament (Riigikogu) adopted the Employment Contracts Act, whose aim is to make the regulation of employment relations more modern and flexible. A key change... read on >> Other Recent Legislative Developments Act on Transfer of Land on which Usufruct is Established into Ownership New Civil Code Provisions to Restrict consumer Loans Immovables Expropriation Act and Income Tax Act Amended Possibilities for Electronic Voting Improved Forest Act Amended Legal Protection of Industrial Property Strengthened Fertilizers Act and Plant Protection Act Specified Postal Act Amended... read on >>	Raidla Lejins & Norcous, Estonia, founded in 1993, with some 35 lawyers is one of the leading law firms in Estonia. The firm has a strong focus on international and transactional work and its clients include large and medium size Estonian and foreign companies, banks and investment banks, foreign and domestic governmental institutions and agencies. For more information please contact Raino Paron, raino.paron@rln.ee.

LATVIA Deposit Guarantees Law Amended On 12 February 2010, the Latvian Parliament (Saeima) amended the Deposit Guarantees Law extended the scope of events when depositors are entitled to compensations from deposit guarantee fund, simplifying... read on >> Amendments to the Credit Institution Law In February 2009, the Saeima has twice amended the Law on Credit Institutions, introducing new regulation for transfers of credit institution business, operational restrictions that may be applied to credit ... read on >>	Raidla Lejins & Norcous, Latvia, one of the leading law firms in Latvia with some 30 lawyers, was founded in 1994. The firm combines two qualities: utmost expertise of local law and quality service in conformity with international standards. The firm’s clients include multinational corporations, governmental agencies, local companies as well as local, foreign and international banks and investment institutions. For more information please contact Dace Silava-Tomsone, dace.silava-tomsone@rln.lv.

LITHUANIA Regulation on the List of Market Abuse Forms and Procedure of Notification of Possible Market Abuse On 11 February 2009, the Securities Commission of the Republic of Lithuania adopted a Decision on Approval of the Regulation... read on >> Draft Amendments to the Law on Restructuring of Enterprises Rough economical situation, increased unemployment rate, necessity to ensure the continuity of activities of the Lithuanian enterprises... read on >> Draft Law on Bankruptcy of Natural Persons n 24 March 2009, Draft Law on Bankruptcy of Natural Persons of the Republic of Lithuania (the “Draft Law”) was introduced... read on >>	Established in 2001, Raidla Lejins & Norcous, Lithuania, has rapidly grown into one of the largest full-service law firms in Lithuania. The firm with 44 lawyers has a strong international outlook and provides legal services to foreign legal entities, including multinational enterprises, international banks and financial institutions. For more information please contact Irmantas Norkus, irmantas.norkus@rln.lt.

FINLAND Can Derivative Arrangements Trigger a Mandatory Offer or Flagging Obligation? The increased use of derivative arrangements has both internationally and in Finland resulted in an active discussion on (i) whether derivative arrangements could be considered to trigger an obligation... read on >> SWEDEN Proposal for New Takeover Rules in Sweden n 16 March 2009, the Swedish Industry and Commerce Stock Exchange Committee (Sw. Näringslivets Börskommitté) (“NBK”) published a proposal for new rules for public takeover bids for regulated markets... read on >>	Roschier, founded in 1936, with approximately 160 lawyers is a leading law firm in Northern Europe operating in the international marketplace. The firm’s clients include leading domestic and international corporations, financial service and insurance institutions, investors, growth and other private companies with international operations, governments and municipalities. For more information please contact Dimitrios Himonas dimitrios.himonas@roschier.com in Finland or Axel Calissendorff axel.calissendorff@roschier.com in Sweden.




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This Newsletter is a periodic publication of RoschierRaidla and should not be construed as legal advice or legal opinion on any specific facts or circumstances. We have used reasonable efforts in collecting, preparing and providing the information in this newsletter, but we do not warrant or guarantee the accuracy, completeness, adequacy or currency of the information contained herein. The contents are for general informational purposes only, and you are urged to consult a lawyer concerning your situation and any specific legal questions you might have.