Assessment of impact of changes in bankruptcy law

In 2018, there were 1466 bankruptcy petitions filed in Estonia, of which 67% were bankruptcy petitions of natural persons. However, only 644 bankruptcies were declared, of which 84% were natural persons. Nearly half of the bankruptcy petitions in Estonia end with an abatement of bankruptcy proceedings. The average bankruptcy procedure for a legal person lasts for 3.5 years and for a natural person for 1.2 years. On average, only 14% of claims of legal persons are satisfied through bankruptcy proceedings. In order to make the insolvency proceedings faster, more efficient and transparent, which in turn would increase the disbursements to obligees and improve the Estonian business climate, the Ministry of Justice carried out an insolvency law review.
The study analysed six possible regulatory changes proposed as a result of the insolvency review. The results were briefly summarised as follows.

Client:

Republic of Estonia Government Office

Implementation period:

2019

Social Value as Supplementray Condition in Public Procurement

The main goal of public procurement is to purchase goods and services at the best possible price and this is how it should be. At the same time, public procurement can also have supplementary conditions and this aspect is not well known currently. If the contracting authority, faced with comparable tenders in tender evaluation, prefers the one that promises to hire also people with reduced work capacity or the long-term unemployed, then it will create additional social value in addition to the primary subject of the tender. This analysis focuses specifically on the feasibility of promoting the employment of risk groups through public procurements.

Client:

Government Office of Estonia

Implementation period:

2017

Cross-border Movement of Companies

In the EU, there is regulation for mergers of limited liability companies (Directive 2005/56/EC). Cross border transfer of registered office from or into Estonia so that the company continues its activities registered in the other country’s register is not possible. Also, cross-border divisions and cross-border mergers outside the scope of the directive are not possible. The purpose of this research is to identify the economic and legal problems arising from insufficient regulation of cross-border movement of companies from the perspective of practitioners and the Estonian business environment.

Client:

Government Office of Estonia, Ministry of Justice

Implementation period:

2016

The cost of crimes of violence

Crimes of violence impose several costs on society, victim, and offender’s family. The purpose of this study is to provide an overview of the costs associated with crimes of violence for Estonian society. The study focuses on three types of crime: manslaughter, rape and robbery.

Client:

Ministry of Justice

Implementation period:

2014-2015