The Nove law office and the Estonian Center for Applied Research (“CentAR") are announcing that have been selected via a public procurement process jointly organized by Estonia's Government Office and the Ministry of Justice to study the "Regulation of Cross-Border Mobility of Companies in the European Union."
According to a statement on the NOVE website, the aim of the project "is to obtain an overview of how much and in which cases there is a need for companies to change their registered addresses in a cross-border manner (mapping of needs and cases). Mapping the needs is important to assess whether the existing regulation is sufficient for solving these situations or whether the regulation needs upgrading."
Another objective of the project, according to Nove, "is to find out what kind of problems related to corporate law the companies have experienced in the course of the cross-border movement. The mapping of needs, cases and problems will result in a legal analysis to assess whether in order to solve the problems perceived by the business operators a modification of the Estonian or the EU law is required or whether implementing other measures shall be sufficient."
When the analysis concludes, proposals will be presented to the contracting entity. According to Nove, "the cross-border mobility of companies, i.e. creating better solutions to change the home country is an important issue according to the current strategy with Estonia as the Presidency of the Council of the EU steering the Member States towards agreements. Thus, the study supports the Estonian priorities during the future Presidency of the EU."
Nove attorneys Arsi Pavelts and Urmas Volens will participate in the research for and preparation of the report, accompanied from CentAR by Epp Kallaste and Janno Jarve.