Cobalt has assisted a syndicate of banks with Nordea Bank Finland Plc as the arranger in a EUR 280 million financing to AS Tallink Grupp for the refinancing of the Group's existing loans.
Hedman Partners has provided Estonian startup SprayPrinter with legal advice to help it get accepted into the US Kickstarter program – a funding platform for creative projects to help artists, musicians, filmmakers, designers, and other creators to find the resources and support they need to bring their ideas to reality.
Both Varul — the Estonian office of Tark Grunte Sutkiene — and Raidla Ellex are reporting success in a dispute before the Estonian Supreme Court involving the country's Administrative Reform Act. Varul represented 23 smaller municipalities claiming that the Act violated their constitutional rights, while Raidla Ellex defended the Act on behalf of the Government of the Republic of Estonia.
Primus has announced that it advised Estonian investment firm Polaris Invest on its EUR 83.6 million cash acquisition of a 63% stake in AS Starman, a major regional telecommunications firm with business in Estonia and Lithuania, from East Capital Explorer. The transaction, which valued the company at EUR 208 million, was financed by Elisa, which also agreed to purchase Starman’s Estonian operations from Polaris for EUR 151 million in cash. Elisa was represented by Fort, with both East Capital Explorer and Starman represented by Raidla Ellex.
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The Njord law firm is reporting that the Government of Estonia has appointed Njord Tallinn Associate Partner Triinu Hiob and three other Estonian legal experts as members to the Permanent Court of Arbitration in the Hague, the oldest intergovernmental institution resolving international disputes between states, international organizations, and private parties.