Estonian disputes boutique Nove has announced that the Estonian Ministry of Justice appointed Nove Partner Urmas Volens as head of the expert group for revising the country’s corporate law.
According to Nove, "the aim of the public procurement was to find a group of high level legal experts whose task is to conduct a comparative study on the corporate law and to elaborate a draft law for modernization of the whole field of corporate law."
In addition to Volens, the working group includes Nove Attorney Arsi Pavelts, Supreme Court Judge Villu Kove, University of Tartu Associate Professors Martin Kaerdi, Kalev Saare, and Andres Vutt, University of Tartu Lecturer Margit Vutt, and Attorney Sander Karson.
Volens commented on the extensive nature of the project, saying, "according to the assignment given to the working group the revision will be the most thorough analysis of the corporate law since the Commercial Code entered into force in 1995. The status of a legal expert in the working group is a significant recognition to the work of all the team members. The academic results and practical experience of the experts in the working group, as well as the long-term experience of co-operation on different projects, allows me to be convinced that the revision will be successful."
The corporate law revision will be co-financed by the European Social Fund and the Estonian Ministry of Finance.