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| Baltic business outlook

2017 Q3
In the beginning of October, the Financial Times announced the highly-anticipated results of its annual survey, the FT Innovative Lawyers Report, recognising Ellex as one of the 50 most innovative law firms in Europe. The Ellex group of law firms stands out in the rankings as the only Baltic-based law firm selected alongside well-known internationals such as Freshfields Bruckhaus Deringer, Allen & Overy, Linklaters, Slaughter and May, DLA Piper, Dentons and others.

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Sharing knowledge

Estonia has Started Public Discussion on How to Regulate Artificial Intelligence

The question of AI is quite complex and wide and has been a focus topic for legal experts in Estonia, including  Ellex IT, Cyber security and Technology team, for a while now. A group of experts has been working on finding best ways on how to define liability of AI in a user-friendly way, so that average citizens on the street would actually understand, in case of an incident for example, who is exactly liable in that particular case.

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Changes in the Labour Law – Return of Discussions Pending


In mid-August amendments to the Labour Law came into effect – long awaited and widely discussed reforms in the labour law, which, unfortunately, are a disappointment. In less than two months several crucial proposed provisions disappeared from the legislative bill.
 
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What Can the Legal Community Expect in the Future?


Should you have to compare the range of services provided by the law firm when it was established in 1992 with those provided now, you would find it almost impossible. During the 25 years of our existence, we have seen and experienced many changes which facilitated the growth of the law firm and the perfection of the lawyers’ competences. Changes have become an inseparable part of our activities. Having this in mind, we not only monitor trends, but make our own contribution to the creation of the culture of changes. The ability to contemplate the future and to be one step ahead is a key to leadership.    
 
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Building an attractive investment environment
Doing Business 2018 - the Baltic States Ranked among Top 20 
 
Doing Business is an annual report published by World Bank Group. It measures the regulations that enhance business activity and those that constrain it. This year the Baltic States are ranked in the top 20 among 190 economies in the ease of doing business. Estonia has made to the 12th position, Latvia – 19th and Lithuania has climbed five places to the 16th position. 

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Changes in Latvian Corporate Tax Regime


A new corporate tax regime will come into effect in Latvia from 1 January 2018.  The aim of the tax overhaul is meant to encourage investment and growth of Latvian businesses. 

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Lithuania's Business Services Report
 

The foreign investment development agency Invest Lithuania has made the third annual survey on the service centre sector in Lithuania. It is the most extensive and comprehensive survey of its kind. The survey involved centres that collectively employ over 90% of all those working in the sector.

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One step ahead

An Information Technology Law Specialist and Cyber Security Expert Joined Ellex Raidla


In September Eneken Tikk joined Ellex Raidla as a Counsel with main focus on technology, law and policy. She is one of the most experienced cyber security experts, having previously worked as a consulting senior fellow for the Future Conflict and Cyber Security programme in the International Institute for Strategic Studies (IISS) as well as the legal adviser and the head of the legal and policy team at the NATO Cooperative Cyber Defence Centre of Excellence.

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Two Experts Join Ellex Valiunas increasing the Dispute Resolution Team

 
The dispute resolution practice group team of the law firm Ellex Valiunas continues to increase in size. The associate partner and attorney Dainius Čičelis and associate Aistė Mikočiūnienė who is an expert of representation in the EU court have joined the team. Dainius Čičelis was a lawyer, head of the legal department and attorney of SEB group for nine years, and from 2009, he worked in several law firms. Aistė Mikočiūnienė worked as a senior specialist of the EU Law Compatibility Assessment Unit of the European Law Department under the Ministry of Justice of the Republic of Lithuania, and from 2013, she led the EU Litigation Unit.

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Ellex Advised First Data Corporation in the Sale of First Data Companies (Baltics) Worldline

 
Atos has announced that its subsidiary Worldline has achieved the completion of the agreement with First Data Corporation announced on July 25th, 2017, for the acquisition of 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia and Estonia (First Data Baltics).

Ellex has acted as a local legal adviser in the Baltic States for First Data Corporation in the € 73 million divestment of subsidiaries, financed by available cash.

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Invitation

 Building the Law Firm of the Future

 
A conference presented by the IBA Law Firm Management Committee, supported by the IBA European Regional Forum. Ellex is one of the organizers of this law firm management conference. Speakers and panellists from all over the world will gather to explore the future for law firms, and will share their insights  on how law firms will be very different in five or ten years from now. 

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Fintech Forum 2017

 
On 17 November 2017, Europe’s fintech scene will gather in Tallinn, Estonia, to tackle the question of how to make the digital single market dream come true by leveraging financial technology. 

The Ellex Fintech team is one of the co-organisers of the event and is very much looking forward to hosting our good friends active in the field from all over the world.

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All the legal information and summaries are just an opinion. For specific clarification and legal advice please contact experts of Ellex.
Ellex offices:
Tallinn, Estonia
Riga, Latvia
Vilnius, Lithuania



Ellex Jogailos g. 9 Vilnius 01116 Lithuania
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