In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.
Sorainen has announced that Partner Allar Joks — who had been campaigning to become the President of Estonia since May — has returned to the firm’s Estonian office, Joks was one of two candidates who advanced to the final round of voting last Saturday, September 24, 2016, but neither of candidate received the number of votes required to become president. After four rounds of voting, the country remains without a head of state.
Cobalt has advised the AS Ekspress Grupp, a leading media group in the Baltic countries listed on Tallinn Stock Exchange, on its acquisition of a 49% holding in Babahh Media OU, an Estonian company that engages in video production, media solutions, and the sale of video related infrastructure solutions, from Tomarek Invest OU and Heeringas OU. Primus advised the sellers on the deal.
Njord has advised DFDS A/S, the biggest Northern-European shipping and logistics services provider, on its acquisition of the Paldiski (Estonia) - Hanko (Finland) shipping line from Navirail OU. As previously reported, Navirail was advised on the deal by the Derling firm.
The Nove law office and the Estonian Center for Applied Research (“CentAR") are announcing that have been selected via a public procurement process jointly organized by Estonia's Government Office and the Ministry of Justice to study the "Regulation of Cross-Border Mobility of Companies in the European Union."
On August 22, 2016, CEELM reported that Raidla Ellex had advised fintech company DataMe OU on the creation of a new credit register in Estonia. The co-founder and CEO of DataMe, Marko Vaik, agreed to answer our questions on the subject.
Sorainen is advising the Estonian Development Fund (EDF), a public institution established by the Estonian Parliament to support improvements in the Estonian economy through investment in knowledge- and technology-intensive Estonian business in the start-up phase, and SmartCap, a venture capital fund management company established by the EDF to manage venture capital Early Fund II to restructure their direct investment portfolio.
Primus has advised Skeleton Technologies, a leading ultracapacitor manufacturer in Europe, on EUR 13 million in new investment it received from FirstFloor Capital, a Malaysian venture capital investment firm specializing in funding high-growth technology companies. Deloitte Legal advised FirstFloor Capital.