NAVIGATING LEGAL EXCELLENCE
NAVIGATING LEGAL EXCELLENCE
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On your side
News & Affairs
News & Affairs
27. 05. 12
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
24. 05. 12
News & Affairs
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that derive directly from the guarantee (e.g. that the guarantee term has passed and accordingly, the guarantee is no longer valid).
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News & Affairs
News & Affairs
11. 05. 12
Challenging the termination of the employment agreement – take notice!
Jurisdiction – ESTONIA
Parties to the employment agreement have to keep in mind that when receiving an unfounded termination notice, the party receiving the notice has to take actions in order to challenge the termination of the employment agreement. Namely, Estonian Employment Contracts Act states that the party who receives the termination notice and wants to challenge its validity, has to submit an application to the Labour Dispute Committee or bring an action to the court within 30 days as of receiving the termination notice.
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