Attorney explains: capital requirements of a LLC
Attorney explains: capital requirements of a LLC Since the enforcement of the first Commercial Code in 1995, Estonian law has required all private limited companies to have a certain minimum share capital. Originally, this amount was 40,000 kroons, which was a considerable sum at the time. After the adoption of t...
Attorney explains: how to avoid tax control
Attorney explains: how to avoid tax control For even a highly exemplary taxpayer company, a Tax and Customs Board (ETCB) control is an unpleasant and time-consuming process. It is much more pleasant to invest time and energy into business development. Since taxes are a relatively complex area, the perspectives of th...
Attorney explains: validity and public disclosure of decisions made in an apartment association's general meeting
Attorney explains: validity and public disclosure of decisions made in an apartment association's general meeting Financial and legal journal RUP published an answer provided by our office's Attorney-at-law Tauri Tigasson to a reader's question, concerning the validity and public disclosure of decisions...
Lepmets & Nõges clients rank first on the Coinloan preliminary creditors list
Lepmets & Nõges clients rank first on the Coinloan preliminary creditors list On the 14th of December 2023, Coinloan bankruptcy proceedings finally reached a next important stage in the proceedings with the publication of notice of examination of the list of creditors. Law stipulates that creditors have no more tha...
Attorney explains: internal investigation
Lawyer explains: internal investigation What is an internal investigation? Internal investigation (also known as internal audit) of a company is an analysis of the company's history and status quo. Estonian law does not define internal investigation. Swiss legal experts have defined internal investi...
Attorney explains: increasing share capital for selling shares without a notary
Attorney explains: increasing share capital for selling shares without a notary The financial and legal journal RUP published a response by our office partner and attorney-at-law Kristjan Nõges to a reader's question. The content of the question revolved around amending the articles of association of a private l...
September highlights
September highlights Golf x LENO September began for our office with honoring dignified traditions. Time flies, and almost unnoticed, it has been 10 years since the first time we had the honor to support the Viljandi County Golf Championships. During this time, our small law office, originally consisting of just...
CoinLoan creditor claim submission deadline passes, filing exclusion claims still possible
CoinLoan creditor claim submission deadline passes, filing exclusion claims still possible CoinLoan OÜ was a cryptocurrency platform registered in Estonia, which offered multiple cryptocurrency related services and products, such as custodial wallets, fixed and flexible interest accounts, FIAT and stablecoin loans s...
Attorney explains: how to divide assets after the termination of a registered partnership
Attorney explains: how to divide assets after the termination of a registered partnership The termination of a registered partnership may (but not necessarily) grant the partner a financial claim. When registering a partnership, partners jointly choose the property regime applicable to their partnership. The options...
Attorney explains: a LLC established without initial capital and withdrawals
LENO x RUP Law firm Lepmets & Nõges has started a collaboration with the financial and legal magazine RUP! The magazine RUP (Accounting News) is the first economic publication in Estonia, targeting accountants and financial professionals, and has been published since 1995. The authors of practical materials, recomme...
Software-as-a-service (SaaS) contracts in Helsinki
On the last weekend of May, partners and representatives of the ALFA International European member firms gathered in Helsinki. For the first time, Estonia was represented, with the role being carried out by the partners of Lepmets & Nõges Law Firm, Ott Lepmets and Kristjan Nõges. Among other things, attorneys Ott Lepme...
The amendment to the Packaging Act brings new obligations to many small businesses.
The amendment to the Packaging Act brings new obligations to many small businesses. All law firms regularly come across different types of cases where entrepreneurs unintentionally fail to properly preform an obligation arising from a law due to lack of legal knowledge. Unfortunately, entrepreneurs tend to turn...
What do you need to know when establishing a private limited company (OÜ)?
What do you need to know when establishing a private limited company (OÜ)? If you want to start a business and establish a private limited company (OÜ) for that purpose, you need to know various legal nuances. Only then can you make informed decisions and have a better understanding of the business world from a busi...
What the Non-Profit Associations Act comprehends?
What the Non-Profit Associations Act comprehends? The Non-Profit Associations Act is an important law in the Estonian legal system that regulates the creation and activities of non-profit associations. This act establishes the rules that non-profit associations must follow, what they can and cannot do. This article...
Inheritance: How to Ensure the Transfer of Your Assets after Death?
Inheritance: How to Ensure the Transfer of Your Assets after Death? Each of us should properly consider what will happen to our assets after death and make arrangements accordingly, especially if we have already accumulated a larger amount of property. Unfortunately, death can strike unexpectedly, so this is not...
ALFA International x LENO
We are pleased to announce that we represent Estonia in the global legal network ALFA International! ALFA International is the premier global legal network, with a membership of over 140 independent law firms in more than 50 countries. Membership in the organization is by invitation only and requires a rigorous sel...
What must an Estonian VAT taxable person know?
What must an Estonian VAT taxable person know? Value-added tax (VAT) is an indirect consumption tax added to the price of goods or services, which must be paid by the consumer of the goods or services. Accounting for VAT is inevitably associated with the activity of any reasonably large enterprise. The Estonian...
LENO x The Alps
The attorneys at the law firm Lepmets & Nõges have several common denominators, but if one had to be highlighted, it would be their pursuit of new peaks. Therefore, do not be surprised if you encounter our entire team in the Alps! If you also appreciate good technique and are not afraid of fast descents, then let us...
Hiring an employee or purchasing a service - which one to choose?
Hiring an employee or purchasing a service - which one to choose? If you are an entrepreneur whose workload is overwhelming, or if you need help in a field where you lack expertise, you inevitably need to seek assistance from a third party. However, it is often not clear whether to choose hiring an employee or purch...
The Different Types of Damages
Lawyer explains: The Different Types of Damages Various events can cause damages, such as when a partner violates a contract, when a careless neighbour floods your apartment, or when a drunken visitor attacks you in a bar. The damages resulting from such actions can also occur in several different forms. In general,...
How is a criminal proceeding conducted?
Lawyer explains: How is a criminal proceeding conducted? How does a criminal proceeding begin? A criminal proceeding usually begins after a crime report is submitted to the prosecutor's office. For example, a company owner makes a written appeal to the prosecutor's office that a board member is embezzling...
Which Laws Must an Entrepreneur Know – and Why?
Laws for Entrepreneurs – Which Laws Must an Entrepreneur Know and Why? As an entrepreneur, it is necessary to know several laws for entrepreneurs that regulate the business activities of a company operating in Estonia. That also helps the entrepreneur to conduct their activities lawfully to prevent legal disput...
Value Added Tax (VAT) Act – What You Need to Know?
Value Added Tax (VAT) Act – What You Need to Know? Lepmets & Nõges Law Firm was asked about the Estonian VAT Act and our lawyer will explain some of the basics below. Simply put, the Value Added Tax Act regulates the national tax that (legal) persons are obligated to pay on the object of VAT (primarily from selling...
Our Attorney-at-Law Kristjan Nõges is representing Swedbank in an Oral Hearing at the Estonian Supreme Court
Our Attorney-at-Law Kristjan Nõges is representing Swedbank in an Oral Hearing at the Estonian Supreme Court The new year has started off vigorously! The Supreme Court is holding public hearings in two civil cases. The first is based on Swedbank's appeal and concerns the right of credit institutions to unilatera...
Claiming Compensation for Damages: What You Should Know?
Claiming Compensation for Damages: What You Should Know? When talking about claiming damages, you should first know the legal basis for the claim. The law of obligations broadly distinguishes between two types: contractual and non-contractual (or tortious) damages. This is not merely a theoretical distinction since...
Why Use the Help of a Lawyer When Filing a Claim?
Why Use the Help of a Lawyer When Filing a Claim? Can I represent myself when filing a claim? It is possible to represent oneself when filing a claim in civil procedure, with the exception of the Supreme Court. Filing a lawsuit is therefore a matter where you can represent yourself and also prepare documents for...
Lawyer Explains: Principle of Opportunity
Lawyer Explains: Principle of Opportunity What is the principle of opportunity? The principle of opportunity can be a good solution to both a smaller misdemeanor and a major criminal proceeding. With the help of law firms in Estonia, it is often possible to end a case by applying the principle of opportunity. App...
Eesti Päevaleht published Kristiina Pralla's opinion on the real bottlenecks in the credit market
Kristiina Pralla: the main threat to the credit market is conscientious debtors, it's them whose freedom should be limited Hardly any of the debtors would think it right for the lender to simply take money out of their account and give nothing in return. So how can it be right for an individual to simply ta...
GOLF x LENO
For the Xth time, the Viljandi golf champions were crowned at the White Beach Golf course in Valgeranna. Congratulations to the best - Anne Nõmmik in women's and Mart Maidessoo in men's! Along with Viljandi County, the best were also determined in Lääne and Pärnu County, and the competition was also held acr...
Why refrain from using a tankist to liquidate a company?
"Winding up a company with a sale has historically been the most effective way of getting a stuck company back on its feet." "We will buy your company in difficulty and take care of all the liquidation paperwork." "You get a clean slate when you sell your troubled company to us!" Probably every entrepreneur is...
