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January-February 2012, Estonia, Latvia, Lithuania, Finland, Sweden

RR ALLIANCE NEWS 1/2012

RR Alliance:

an integrated cross-border operation of approximately 270 lawyers in five jurisdictions, including Roschier in Finland and Sweden and Raidla Lejins & Norcous in Estonia, Latvia and Lithuania.

Offers you:

solutions based on premier legal expertise in each jurisdiction;

uniform quality and best practices of international standard.

Raidla Lejins & Norcous - ESTONIA

Strategic Goods Act

On 7 December 2011 the Estonian Parliament (Riigikogu) adopted the reformed Strategic Goods Act. According to the new Act, strategic goods include military goods, defense-related products, goods that can be used to commit human rights violations and dual-use goods. A modern control system...read on >>>

Other Legislative Developments

New Provisions in Employment Contracts Act
Public Producrement Act Supplemented
Public Transport Act
Customs Act Specified
Alcohol Excise Duty Rates Go Up
Reduced VAT Continues to Apply to Tax Free Sales
Liability under Merchant Shipping Act Specified
New Provisions in Estonian Development Fund Act
Supreme Court Repeals a Provision of the Liquid Fuel Act...read on >>>

For more information please contact Raino Paron at raino.paron@rln.ee

Raidla Lejins & Norcous - LATVIA

Electronic ID Cards Finally Also in Latvia

Personal Identification Documents Act has been amended introducing a new type of personal identification document – the identity card...read on >>>

Other Legislative Developments

Uniform Regulations Adopted for Posting Advertisements in Public Places
Participants of Energy Market No Longer Need a License...read on >>>

For more information please contact Guntars Zile at guntars.zile@rln.lv

Raidla Lejins & Norcous - LITHUANIA

Recent Developments in the Law on Companies

On December 2011 the Seimas of the Republic of Lithuania adopted a number of laws supplementing and amending the Law on Companies. The amendments inter alia establish that when the general meeting of shareholders of a company adopts...read on >>>

Other Legislative Developments

Law on Corporate Income Tax
Law on Value Added Tax
Law on Real Property Tax
Changes in Mortgage (Pledge) Regulation
Proposal to Regulate Illegal Work in a Separate Law
Recent Proposals for Amending the Labor Code
Procedure Defining the Obligation to Present Information Regarding the Beginning of Assignment via Temporary Work Agencies (the "Procedure") was Adopted...read on >>>

For more information please contact Dr. Irmantas Norkus at irmantas.norkus@rln.lt

Roschier - FINLAND & SWEDEN

OTC Derivatives Clearing Rules Agreed

The collapse of Lehman Brothers sparked a lot of discussion about the role of the over-the-counter (OTC) derivatives market in the crisis. In April 2009 the G20 group of nations agreed to promote the standardization of the credit derivatives market through establishing supervised...read on >>>

For more information please contact Paula Linna at paula.linna@roschier.com or Axel Calissendorff at axel.calissendorff@roschier.com