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Wednesday, 12.08.2026, 11:12
Mergers of companies could be simplified in Estonia
Juhan Tere, BC, Tallinn, 11.02.2011.
Print version
Print versionThe Ministry of Justice of Estonia has drafted a bill that if passed will reduce the amount of paperwork and filings in the case of mergers and divisions of public limited companies.
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The ministry's private law service department advisor Külliki Puusild said the draft law is based on a EU directive, informs LETA.
"The directive will contribute to increasing the European Union's competitiveness, as the reporting and notification requirements for companies are reduced, meaning a lower administrative burden for companies," she said.
For instance, public limited companies can make foundation documents available to shareholders on the website. And instead of filing a merger agreement with the Commercial Register, the company can simply post it to the website.
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