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Corporate law changes in Estonia

Estonian Commercial Code (äriseadustik) was amended on the 24th of May and amendments introduce some changes to ease corporate processes. 1. Firstly the deadline for filing the annual report was postponed until the 31st of October. 2. Secondly the rules for share transactions were relaxed. The first part of selling the share which creates the obligation (in Estonian "kohustustehing") does not have to be notarized anymore. This means certain options agreements and shareholder agreements do not have to be notarized making it easier to raise funds from investors for example. The actual transfer of the ownership of the share is still a notarized transaction but from the 1st of August, companies

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