ESTONIA

Reorganization Also to Apply to Tax Claims

In its 18 November 2009 judgement (Osaühing Loksa Ravikeskus civil case No 3-2-1-122-09), the Supreme Court explains the concept and procedure of reorganization of an enterprise and the role of tax arrears... read on >>

Other Recent Legislative Developments

State Export Guarantees Act
State Assets Act
New Commercial Code Provisions
Value Added Tax Act Amended
Income Tax Act Amended
Accounting Act Amended
Supervisory Board Members to Start Receiving Compensation for Business Use of Private Automobile... read on >>

LATVIA

Latvian Data Inspectorate Issues a Recommendation on Personal Data Transfers to the Third Countries

In October 2009 the Latvian Data Inspectorate has issued a recommendation on personal data transfers to the third countries. The recommendation contains schemes visually depicting the process... read on >>

Other Recent Legislative Developments  

Amendments to the Law on Personal Income Tax
Amendments to the Law on Real Property Tax
Amendments to the Law on Excise Tax
Number of the Competition Council Members Shall Be Reduced
Amendments to the Criminal Law
Ratification of the Patent Law Treaty... read on >>

LITHUANIA

Draft Law on Amendment of the Law on Companies

In order to improve business environment, encourage establishment of private and public limited liability companies, reduce certain administrational burden, ensure transparency... read on >>

The Ministry of Finance Prepared a New Version of the Draft Law on Amendment of the Law on Property and Business Evaluation Outline

On 4 December 2009, the Ministry of Finance of the Republic of Lithuania prepared a third version of the Draft Law on Amendment of the Law on Property and Business Evaluation Outline... read on >>

Definition and Guidelines for Reasoning of Abnormally Low Tenders

On 10 November 2009, Director of the Public Procurement Office under the Government of the Republic of Lithuania adopted an order on guidelines for reasoning... read on >>

FINLAND AND SWEDEN

Recent Trends on the Nordic Markets - Increasing IPO Activity

The rising and relatively stable stock markets indicate that confidence in the valuation of the markets is in the process of being restored. The slow-down and subsequent halt of the equity market in late 2008 and early 2009 lead issuers to resort to alternatives, such as hybrid bonds. These were followed by other ways of raising funds on the improving equity market during much of 2009. In 2009 we have seen large rights offerings both in Sweden and Finland, initially by financial institutions and subsequently by industrial issuers... read on >>

www.roschierraidla.com