RoschierRaidla News


May-June 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 Financial Stimulus Measures Introduced On 11 March 2009, the Estonian Parliament (Riigikogu) adopted amendments to acts aimed at strengthening the financial system... read on >> Other Recent Legislative Developments Gambling Tax Act Biocides Act Provisions of Building Act Specified Additions to Planning Act Accounting Act Amended State Assets Act Supplemented Environmental Charges Act Specified Funded Pensions Act and Social Tax Act Amended New Provisions in Support of Enterprise Act Aliens Act Amended Singapore Treaty on the Law of Trademarks Ratified Unemployment Insurance Premium Rates Increased... 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 New Restrictions on Mortgage Lending Imposed On 21 May 2009, the Latvian Parliament (Saeima) amended the Consumer Rights Protection Law, introducing new restrictions on mortgage lending to consumers... read on >> Rights to Impose Interim Measures in Consumer Rights Cases The 21 May 2009, amendments to the Consumer Rights Protection Law have substantially increased the powers of the Latvian Consumer Rights Protection Center... read on >> Law on Taxes and Duties Amended On 21 May 2009, the Saeima amended the Law on Taxes and Duties, introducing the rate to the State Revenue Service to claim additional taxes based solely on the data at their disposal... 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 Transposition of Directive 2007/44/EC into the Law of the Republic of Lithuania On 19 March 2009, the Lithuanian Parliament (Seimas) adopted laws on amendment and supplement to the Law on Markets of Financial Instruments... read on >> Law on Amendment and Supplement to the Competition Law of the Republic of Lithuania On 9 April 2009, the Seimas adopted the Law on Amendment and Supplement to the Competition Law... read on >> Recommendations for Amendment to the Terms and Conditions of Public Procurement and Sale Agreements On 5 May 2009, Director of the Public Procurement Office with the Government of the Republic of Lithuania issued Executive Order... 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 AND SWEDEN Alternative Investment Funds - New Regulation in the Pipeline There is new EU regulation related to so-called alternative investment funds in the pipeline, which is likely to require the private equity industry to increase its focus on regulatory and compliance issues.... 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.