Monica Pihlak

In the event of damage of a thing, the insurer generally bases the amount of the insurance indemnity on the time of the occurrence of the insured event and the expenses that are necessary at that time to restore the former situation. The insurer will find out the exact amount of expenses by comparing the…

In our previous article „Notable facts about Estonian business environment, you ought to know” we described the advantages of starting and establishing your company in Estonia, then this article will focus on the advantages of the Estonian tax system from the companies point of view. Estonian business environment is supported by a simple, unique and stable…

Estonia is well known for its business-friendly environment. The attractiveness and advantages of the Estonian business environment are mainly reflected on its economic potential, cost- effectiveness, infrastructure and most importantly on its digital innovation and technology. For example Estonian state provides various e-services which are still unavailable in most countries, including digital identity, X-road, i-voting,…

The new European Union Copyright Directive (hereinafter also Act) was adopted by the Council of the European Union on the 15th of April 2019. The new Act can be considered one of the major changes the internet domain has seen in the last few years. The last time the entire European Union, big corporations and…

Risk appetite framework – RAF This article is formed in combination with the Estonian Money Laundering and Terrorist Financing Prevention Act and Estonian Financial Supervision Authority (Finantsinspektsioon) guide: “Organisational solutions and preventive measures for credit and financial institutions to take against money laundering and terrorist financing”, which was implemented on the 3rd of January 2019.…

Money laundering through the use of online multiplayer game in-game assets E-sports popularity grows each year, with new players and investors focusing on the new market more and more. Game developers release new games and updates as fast as possible and find new ways how to keep their players focused more on their game. This…

This article aims to give a short overview of the terms and state of the money laundering legislation in Estonia and the Estonian Financial Supervisory Agencies actions. The Republic of Estonia joined the European Union in 2004. The process took ten years and involved implementing all necessary regulations the European Union set forth. One of…

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Monica Pihlak of Law Office Turnstone. Monica has joined IR as our exclusive Corporate Law Member in Estonia. Law Office Turnstone was founded in January 2017. The lawyers at Law Office Turnstone are experienced, while continuously curious – ready to “turn…

Estonia is well known as the world leader in digital governance. In addition to that, Estonia was also the first in the world to introduce and implement the concept of e-Residency, and so far the only country in the world who has actually made it possible to use effectively in day-to-day business. But still, what…