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Holding shares

Law firm LMP offers the service of holding shares of a company to our clients.

Holding shares of a company i.e. holding shares of a private or public limited company, in a way that the owner of this particular company is officially (as seen in Estonian Business Register) Law firm LMP or an attorney of Law firm LMP but after receiving instructions from the client, the share will be transferred back to the client or a third party named by the client.
Law firm LMP’s activity regarding the holding shares service is based on the Estonian Bar Association regulation „Being a member of the management board and holding the shares as a legal service on behalf of the client“.
There are different reasons to use the holding shares service. Law firm LMP is preferred above all because:

-          According to the Bar Association Act, an attorney has to maintain the confidentiality of information which has become known to him or her in the provision of legal services, the confidentiality of persons who request the advocate to provide legal services and of the amount of remuneration paid for legal services;
-          The client can be absolutely sure, that he or she will get the shares back if he or she requests it;
-          Law firm LMP provides other legal services connected to the holding shares service: drafting contracts, structuring companies, advising in taxation law and representing in court, advising and representing the client in criminal disputes, advising and representing clients in division of property etc.

Holding shares of a private limited company or public limited company means that the owner of a particular company is officially (as seen in Estonian Business Register) Law firm LMP or an attorney of Law firm LMP. However, after receiving instructions from the client, the shares shall be transferred back to the client or a third party named by the client.

While providing the legal service of holding shares of a company Law firm LMP bases its activity on Estonian Bar Association regulation „Being a member of the management board and holding the shares as a legal service on behalf of the client“.

There are different reasons to use holding shares service. Law firm LMP is preferred above all because:
- According to the Bar Association Act, an  attorney is required to maintain the confidentiality of information which has become known to him or her in the provision of legal services, the confidentiality of persons who request the attorney to provide legal services and of the amount of remuneration paid for legal services;
- The client can be absolutely sure, the he or her will get the shares back if he or her wishes so;
- Law firm LMP provides other legal services connected to the shareholding service: drafting contracts, structurising companies, advising in taxation issues and representing in court, advising and representing the client in criminal disputes, advising and representing clients in division of property etc.
 

Our experts




Kaido Künnapas
 (PhD)
partner/attorney-at-law
kaido.kunnapas@lmp.ee

 

Kaido is Law firm LMP’s business and taxation law expert, who has advised clients in many major transactions, including restructuring and planning business entities.

Kaido also represents clients in economic criminal offences. As Law firm LMP`s taxation law expert, Kaido has the most experience in representing clients in tax fraud cases

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Keijo Lindeberg

managing partner/attorney-at-law
keijo.lindeberg@lmp.ee

 

Keijo is Law firm LMP`s litigation expert. In addition, Keijo has represented clients in bankruptcy cases and in substantial division of property cases, including cross-border joint property division disputes.

 

 

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