The following Competition guidance note Produced in partnership with Sorainen provides comprehensive and up to date legal information covering:
A conversation with Kaupo Lepasepp, partner, and Piibe Lehtsaar, senior associate in the Tallinn office of regional law firm Sorainen, on the key issues on merger control in Estonia.
NOTE–to see whether notification thresholds in Estonia and throughout the world are met, see Where to Notify.
The most recent legislative change was the entry into force on 1 January 2015 of a new act that changed the punishments for unlawful activities related to mergers. The most important change was the decriminalisation of the closing of a merger without a permit and breaching the prohibition to merge or the conditions set out for a merger, if the person has already been punished for the same offence. Additionally, the maximum fine for the merger-related offences named above was increased to €400,000 instead of the previous maximum fine of €32,000.
The Competition Authority has from time to time shown interest in seeking amendments to the merger control rules to introduce the power for it to require notification of a transaction where the relevant thresholds are not met.
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