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Estonia

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New developments in Estonian insolvency law

Vadim Filimonov
Varul Vilgerts Smaliukas
Tallinn

Judicial corporate rehabilitation as an alternative to the liquidating bankruptcy procedure has been contemplated in Estonia since 2006. The need to limit the public cost of mitigating the present financial crisis has acted as a catalyst for the adoption, at the end of 2008, of a new Rehabilitation Act (Saneerimisseadus), which provides the means by which private parties can contribute to crisis resolution.

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Financial and corporate

"It seems to me that Estonia is a bad word now," says one partner. Estonia, like the other Baltic countries, is struggling to attract international finance, meaning that law firms have to adapt to a new reality....

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Estonia
Central and Eastern Europe (Regional Rankings)

Legislation guide

New developments in Estonian insolvency law

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