Blogi

Board member’s duty of loyalty

Board member’s duty of loyalty

19.10.2021 |

Osaühingu juhatuse liikme hoolsuskohustus tähendab seda, et juhatuse liige peab tegutsema heas usus ja äriühingu huvides, samuti olema otsuste vastuvõtmiseks piisavalt informeeritud ega tohi ühingule võtta põhjendamatuid riske. The duty of loyalty of a member of the management board of a private limited company means that the member of the management board must act in good faith and in the interests of the company, as well as be sufficiently informed to make decisions and not take unreasonable risks. 

Share transfer by unattested contract

Share transfer by unattested contract

4.08.2020 | ,

If the share capital of a private limited company is at least 10,000 euros and fully paid in, the articles of association may waive the formal requirement for a notarial transaction and provide that the transfer of a share shall be performed at least in a form that can be reproduced in writing. All shareholders of a private limited company must agree to the decision to approve or amend the articles of association in such a way that the formal requirement is waived or restored.

What is the contents of copyright?

What is the contents of copyright?

28.09.2019 |

By creating a work, the author of the work acquires copyright to that work. The content of copyright consists of personal rights and property rights. The personal rights of the author are inseparable from the person of the author and are not transferable. The economic...

How to protect copyright?

How to protect copyright?

20.08.2019 | ,

Copyright is a collection of personal and proprietary rights that the author automatically derives from literary, artistic and scientific works. In Estonia, copyright is primarily governed by copyright law. A work is any original result in the field of literature, art...

The end of the offshore era

The end of the offshore era

20.08.2019 |

The phrase “offshore company” is lately often in the newspaper columns in relation to money laundering scandals. Using an offshore company in medium-sized and large corporate structures is not new, says Georgi Džaniašvili, a partner at the law firm of Magilex, in newspaper Delovyje Vedomosti.

Disclosing of beneficial owners

Disclosing of beneficial owners

8.10.2018 |

As of the 1st of September 2018, all Estonian companies, non-profit associations and foundations are required to disclose information about their beneficial owners to the commercial register.