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Nove Partner Appointed Head of Working Group for Estonian Corporate Law Modernization

Nove Partner Appointed Head of Working Group for Estonian Corporate Law Modernization


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.

Czech Republic Knowledge Partner

For more than 25 years PRK Partners has been providing top tier, comprehensive legal services in all areas of law – always at the highest professional level. The company’s offices in Prague, Ostrava and Bratislava, as well as its specialised teams of legal practitioners and tax advisors, allow PRK Partners to offer solutions to any kind of legal issues, providing an international point of view and in-depth knowledge of the respective local legal system.

The full-service law firm has worked on many of the region’s largest and most complex transactions. The firm puts emphasis on the highest standards of quality, efficiency and flexibility in its advisory services, which are tailored to the specific requirements of each client. 

Our team is composed of professionals with international education and experience. The firm frequently works on a non-exclusive basis with leading international law firms on large cross-border transactions.

PRK Partners is consistently recognised among the top law firms by leading international and domestic directories and ratings agencies and has been honoured with numerous awards: 

• National Law Firm of the Year 2016 by the Chambers Europe Awards, the most prestigious international law firm competition. This is the fifth award PRK Partners has received since the awards were first given; National Law Firm of the Year 2014, 2013 and 2010 and Law Firm of the Year 2012 for Best Client Service.

• 2018 Best Law Firm of the Year in the category of Banking &Finance and the absolute winner in the main category of the Domestic Law Firm of the Year awards organised by epravo.cz under the auspices of the Czech Bar Association three times since the award's inception (in 2016, 2013 and 2011).

• a finalist of the Central European Law Firm of the Year category in The Lawyer European Awards 2018. 

The firm has a strong commitment to corporate social responsibility and pro bono work.

PRK Partners is the exclusive member firm in the Czech Republic for Lex Mundi, the world’s leading network of independent law firms, with in-depth experience in 100+ countries worldwide. In addition, the firm is a member of Celia Alliance, AFI (Association for Foreign Investment) and CVCA (the Czech Private Equity and Venture Capital Association).

Firm's website: www.prkpartners.com

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