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Nove Successful for Nasdaq Tallinn in Dispute with Olympic Entertainment Group

Nove Successful for Nasdaq Tallinn in Dispute with Olympic Entertainment Group

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Nove has successfully represented Nasdaq Tallinn AS in a Tallinn Stock Exchange Arbitration against Olympic Entertainment Group AS involving a May 31, 2018 decision of Nasdaq Tallinn's Listing and the Surveillance Committee.

According to Nove, Olympic Entertainment Group was claiming that its application of May 15th to end the listing of shares was legitimate and justified and obliged the Tallinn Stock Exchange to complete the listing of Olympic shares.

Nove described the dispute as "complex and landmark," and reported that, ultimately, "the Arbitration Court of Tallinn Stock Exchange dismissed the action and ordered Olympic to pay the procedural costs."

The Nove team consisted of Partners Urmas Volens and Veikko Puolakainen.

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