You got too much money for protecting your reputation?

The European Court of Human Rights passed a judgement in a case last year where the main issue was whether or not the court had ordered excessively large compensation for non-pecuniary damage for defamation. More precisely, was the 1,25 million euros ordered by the Court of Justice of Ireland too big a sum for publishing Read more

Clampdown on shell companies

In May 2018 the amendments to the Law on the Prevention of Money Laundering and Terrorism  Financing (“the Law”) came into force, which aimed to strengthen the Latvian state financial system by reducing the number of high-risk transactions with particularly high-risk customers, which are shell companies. At present, the Law sets the characteristic features of Read more

Four observations regarding the intended takeover bid of OEG

There have been no major acquisitions of any listed companies in Estonia for a couple of years already. With the exception of Järvevana (2014), the latest acquisitions date back to the previous decade – Norma (2010), Estonian Telecom (2009), Saku Brewery(2008) etc.  Also, considering the importance of OEG for the stock exchange and for minority Read more

Responsibility of the member of the board of the commercial company for breach of the GDPR

As of May 25, 2018, General Data Protection Regulation (Regulation (EU) 2016/679, hereinafter GDPR or Regulation) becomes enforceable. It applies if data controller (data collector) or processor, or the data subject (physical person) is EU-based. GDPR establishes wide corrective powers for supervisory authorities (Data state inspectorate in Latvia), including power to impose an administrative fine Read more

Is UBER transport or it service?

On 11th May, Advocate General Szpunar of European Union Court of Justice delivered an opinion in preliminary ruling procedure C-343/15. In Spain, the issue in proceedings was a service by the name of UberPop, whereby non-professional private drivers transport passengers using their own vehicles. Read more