Jurisdiction – ESTONIA

Although no final deadline has been established for converting capital into euros, it should be kept in mind that starting from 2012 changes regarding the company’s articles of association or amount of share capital can be entered in the commercial register only if the capital of a company is registered in euros. The state duty payable for the capital conversion is EUR 17,89.

Jurisdiction – ESTONIA

The lessor of an immovable has the right of security (pledge) over movables located on the leased immovable and over movables which are part of furnishings of the room or are used together with the room in order to secure claims arising from a lease contract. If the lessor has any reason to suspect that the lessee wants to move out or to remove items from the premises, the lessor may withhold the items to the extent which is necessary in order to secure the claims of the lessor. In particular, the right to withhold items means that the lessor may demand that the items encumbered with the pledge would remain on the lessor’s premises.