Dear readers,

This Company Law Legal Update stresses the benefits deriving from implementation of European Union Directive 2005/56/EC on cross-border merger in all three Baltic States. In this update you will find bullet-points describing how companies can benefit from merging their subsidiaries in Estonia, Latvia, and Lithuania. You are cordially invited to participate at any Sorainen seminar in the Baltic States to let you in on the benefits of this novel alternative.

The current edition also updates you on the endless debate about use of the word “Lithuania” in the business name of Lithuanian entities, an overview of company law reform in Belarus, the novel approach to unfair competition by the Estonian courts, and some humorous news from Latvia regarding the name “Valdis Zatlers”.

Additionally, against a backdrop of the economic slowdown and a wave of bankruptcies and court restructurings, we are happy to announce the birth of a new team called Restructuring & Insolvency in our legal specialisation structure. The aim of this structural change is to be well versed and capable of a much more hands-on approach in cases requiring our advice on possible bankruptcy and restructuring situations.

On behalf of the Sorainen Corporate Advisory team I invite you to lunch with a member of our team in case you find our Legal Update useful and if you feel that you need advice. If so, please contact my e-mail address below.

Yours sincerely,

Karin Madisson
Partner, Head of the Sorainen Regional Corporate Advisory Team
Head of the Sorainen Estonia Restructuring & Insolvency Team
karin.madisson@sorainen.ee

   
   
   
   
   
   
   
   
   
   
 
ESTONIA
Karin Madisson
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Pärnu mnt 15
10141 Tallinn, Estonia
phone +372 6 400 900
fax +372 6 400 901
sorainen@sorainen.ee
 
LATVIA
Brigita Tērauda
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Kr. Valdemāra iela 21
LV-1010 Riga, Latvia
phone +371 67 365 000
fax +371 67 365 001
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LITHUANIA
Algirdas Pekšys
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Jogailos 4
LT-01116 Vilnius, Lithuania
phone +370 52 685 040
fax +370 52 685 041
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BELARUS
Maksim Salahub
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220004 Minsk, Belarus
phone +375 17 306 2102
fax +375 17 306 2079
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Please note that the Sorainen Company Law Legal Update is compiled for general information purposes only, free of obligation and free of legal responsibility and liability. It does not cover all laws or reflect all changes in legislation, nor are the explanations provided exhaustive. Therefore we recommend that you contact Sorainen or your legal advisor for further information. The Sorainen Company Law Legal Update is published periodically and covers company-related legal news from Estonia, Latvia, Lithuania, and Belarus. Electronic versions of Sorainen Company Law Legal Updates are available and can be subscribed to on the Sorainen website – www.sorainen.com.

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