RoschierRaidla News


September-October 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 Value Added Tax Act and Act Regulating Excise Duties Amended On 18 June 2009, the Estonian Parliament (Riigikogu) passed the Act Amending Acts Associated with the Second Supplementary Budget Act. Changing economic conditions necessitated the adoption of the act... read on >> Other Recent Legislative Developments Act Adopted to Alleviate Impact of Rapid VAT Rate Increase New Land Tax Act Provisions Traffic Act Amendments Specify Drivers' Working Time Regulation for Transferring State Assets Adopted Amendment to the Aliens Act Amendments to the Building Act Liability of the Management Board Member... 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 Law on State and Municipal Shares and Capital Companies Amended On 20 August 2009, the Latvian Parliament (Saeima) approved extensive amendments to the Law on State and Municipal Shares and Capital Companies, effective as of 1 September 2009. The amendments have... read on >> Criminal Liability for Substantial Breach of Personal Data Protection Rules Established ... read on >> Law on Corporate Income Tax Amended ... read on >> Draft Amendments to the Criminal Law - decriminalization of certain offences related to insolvency process and violation of certain intellectual property rights ... 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 New Definition of Dominant Position As of 24 September 2009, the Parliament of the Republic of Lithuania adopted the Law Amending Article 3 of the Law on Competition of the Republic of Lithuania (the "Law on Competition"). Amendments will... read on >> Parliament Introduced the Draft Law on Services... read on >> Value Added Tax Rate Increased and Further Amendments Proposed... read on >> Amendments to the Law on Markets in Financial Instruments and the Law on Securities 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 Government Bills Implementing the Payment Services Directive Published in Finland Government Bills for the Act on Payment Institutions and the Payment Services Act implementing the Directive 2007/64/EC of the European Parliament and of the Council on Payment Service in the Internal Market... read on >> SWEDEN Reduced Bonus and Pension Benefits due to Parental Leave The Swedish Labour Court (the “Court”) has recently concluded that the employer may under certain conditions reduce bonus and pension benefits for employees on parental leave... 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.