Estonia: Corporate and Company Law

Aku Sorainen, founding partner of WLG | summit Riga '25 host firm Sorainen, shared the firm's journey and strategic vision, followed by a panel of regional leaders who explored the Baltics' broader economic transformation and international impact.

The suitability assessment of a member of the management body is a crucial part of a financial institution's licensing process.

Our experience shows that many management board members are still performing their duties on the basis of an employment contract instead of a proper management board member agreement.

On 12 January 2005 the Estonian Parliament (Riigikogu) adopted the Act on Involving Employees in Activities of Community-scale Undertakings, Community-scale Groups of Undertakings and European Companies.

Estonia’s accession to the European Union on 1 May 2004 continue to produce changes in law. Provisions in the Treaty on European Union stipulate the principle of equal treatment for all residents of the European Union, including freedom of establishment for companies, and equal opportunities for enterprise.

On 28 June 2004, the Estonian Parliament passed the Telecommunications Act Amendment Act.