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