Estonia’s Supreme Court has affirmed the convictions of three former executives of Saaremaa Shipping Company. The executives were found guilty of actions leading to the company’s insolvency. Each individual will serve a two-month prison sentence, concluding the legal proceedings. The ruling finalizes previous convictions and underscores accountability for corporate mismanagement. This decision marks a rare instance of jail time for white-collar crime related to business failure in Estonia. The case highlights the legal consequences for executives whose decisions contribute to a company’s financial ruin. The Supreme Court’s decision effectively closes the chapter on this high-profile insolvency case.