201811.13
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NOVE successfully represented Nasdaq Tallinn AS in a dispute with Olympic Entertainment Group AS

On November 9, 2018 the TSE Court of Arbitration made a decision in the claim of Olympic Entertainment Group AS for annulling the Listing and Surveillance Committee’s decision of May 31, 2018.  Olympic requested Arbitration Court to find that  their application of May 15th to end the listing of shares was legitimate and justified and obligated Tallinn Stock Exchange to complete the listing of Olympic shares. Arbitration Court of Tallinn Stock Exchange dismissed the action and ordered Olympic to pay the procedural costs. In this complex and landmark dispute Nasdaq Tallinn AS was represented by NOVE’s partners Urmas Volens and Veikko Puolakainen.