Commercial Code needs to be modernized

Estonian largest business newspaper Äripäev asked the opinion of ALTERNA’s partner Annika Vait regarding amendments of Commercial Code that should make functioning of private limited companies more flexible.

Annika stated that concrete law changes will mostly improve possibilities of Estonian start-up companies for involving foreign investments. Considering the proportion of private limited companies among Estonian companies, the changes should also increase general reliability of Estonian business landscape.

Annika pointed out that these concrete amendments are still a fast solution to a narrow problem and it is important that Ministry of Justice would continue work with modernizing the Commercial Code. As the act is valid since 1995 and has been amended for many times, it has become outdated in several aspects and is difficult to follow for entrepreneurs.

Full-length article is available here: Commercial Code needs to be modernized

For further information please contact Annika by e-mail annika@alternalaw.ee or by calling +372 680 6850.

Law Firm ALTERNA