-
EBRD: Baltics ahead in national insolvency policy
The European Bank for Reconstruction and Development (EBRD) has released the 2023 Survey Report of Insolvency and Secured Transaction Regimes. The survey highlights national-level policy issues that prevent companies from being able to restructure funds or declare insolvency. The Baltic countries overall have exceptionally good insolvency policies compared to other countries surveyed. The issues According […]
-
Estonia aims to become the most transparent place in Europe to establish and grow FinTech globally
If you are interested in setting up or investing in a FinTech, then look no further. Estonia is known as (one of) the most advanced digital democracies in the world and an outstanding place for doing innovative business. Estonia is also known as the land of unicorns. For an estimated population of 1.4 million people, […]
-
Provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD)
Following a long delay in the negotiations, the Council and European Parliament reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD) on 21 June 2022. The agreed text was released on 30 June, however, it is still subject to the formal adoption procedure and thereby, further review. The proposal for the CSRD, […]
-
Virtual currency service providers to face further obstacles under a proposed new legislative act in Estonia
Virtual currency service providers will have to go through another licensing renewal process with the introduction of a new draft legislative act in Estonia. This time a year ago, virtual currency service providers were busy getting ready for a regulation which ended up causing the revocation of over 1,800 licenses. There are 396 existing licence […]
-
COVID-19 related financial and insolvency measures in European countries
A multijurisdictional overview for the central European, southern European and Baltic countries The COVID-19 pandemic has, and will have, an unprecedented impact on the economy of all countries across the globe. Many governments and banks have introduced extraordinary measures to moderate the financial and economic impacts of the pandemic and inevitable domino effect of credit […]