A brief overview of what restrictions affect the competitive activities of a management board member and the most practical ways to manage restrictions in order to avoid disputes.

The Minister of Economic Affairs and Communication stated recently that support for renewable energy should be reduced. It is commendable that politicians are thinking about ways to reduce the price of electricity. But before going to all the trouble of amending laws, decisions should be carefully analyzed.

The Employment Contracts Act is the main legislation regulating employers’ obligations and liabilities in labor relations and it is therefore of great importance for employers to be acquainted with its requirements. However, a number of other legal acts lay down employer obligations and liability. One of these is the Aliens Act.

The amendments to the Estonian Public Procurement Act are enacted in two stages – the majority of amendments entered into force on July 1st this year, while the rest will take effect as of January 1st, 2011. We hereby provide an overview of the most important amendments and the remaining problems.

Since most credit institutions (including banks) provide collateral agent services as well as acting as underwriters, the regulation stipulated in the Financial Supervision Authority's latest advisory guideline entitled Generally Recognized Professional Requirements upon Rendering Investment Services and Non-Core Services will introduce some new rules of play.

The Estonian Development Fund’s recent foresight report “Financial services 2018: Estonian export opportunities and political implications” studies Estonian prospects for increasing exports of financial services.

The first parliamentary reading of a draft resolution to amend the Commercial Code took place on 19 May 2010. The draft aims to significantly amend requirements on private limited companies. Founding and managing private limited companies, making non-monetary contributions, transfer of shares, and other procedures will become far simpler.

Estonia is undergoing changes in domain regulation, which will provide registration rules for the top-level domain .ee. The transition period for the implementation of the new regulation starts on July 5, 2010.

Estonia is likely to enter the EURO zone as of January 1, 2011. Read the amendments already agreed to enter the Commercial Code.