NAVIGATING LEGAL EXCELLENCE
NAVIGATING LEGAL EXCELLENCE
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News & Affairs
News & Affairs
02. 07. 12
Reducing of the state fees
Jurisdiction – ESTONIA
On 1 July 2012 several amendments to the Code of Civil Procedure and State Fees Act took effect. One of the main amendments is the reducing of the state fees.
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News & Affairs
27. 05. 12
News & Affairs
Client identification requirements now more flexible
Jurisdiction – ESTONIA
Until recently, credit institutions and other financial institutions had to, upon opening an account or upon the first use of another service, identify the person participating in the transaction or using the service while being present at the same place as the person or the person’s representative (face-to-face identification).
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News & Affairs
News & Affairs
24. 05. 12
First demand bank guarantee – how to challenge?
Jurisdiction – ESTONIA
In case of first demand bank guarantees, there are very limited possibilities for the guarantor to challenge the guarantee claim of the creditor. Namely, the law prescribes a general rule that the guarantor may only present such arguments against the guarantee claim that derive directly from the guarantee (e.g. that the guarantee term has passed and accordingly, the guarantee is no longer valid).
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