Sorainen has advised Lords LB Baltic Fund IV in the acquisition of an office building in central Tallinn known as EU House.
Sorainen Estonia has advised The Climate Corporation, a subsidiary of Monsanto, in its acquisition of VitalFields, a European farm management software company based in Estonia. The VitalFields team will join The Climate Corporation, strengthening the company’s efforts to deliver digital technologies to farmers around the world.
Varul — the Estonian office of Tark Grunte Sutkiene — has advised IT company AK Systems on the sale of its IT services business to the largest IT and telecom company in Estonia, Telia Estonia. Raidla Ellex advised the buyers on the deal, which will enter into force after the Competition Authority has approved it.
The Supreme Court of Estonia has recently ruled that the Employment Contracts Act (the “Act”), which does not provide for reinstatement as a remedy to employees that have been unlawfully dismissed, is constitutional, and that the Act entitles such employees to seek compensation much higher than the customary amount of three months’ average wages.
Nove has represented UAB DK PZU Lietuva's Estonian branch in a dispute between a policyholder, an insurance broker, and a professional liability insurer regarding the question of who shall bear the responsibility for underinsurance (and is obliged to compensate the amount of indemnity left unpaid by the insurer) in property insurance.
Sorainen Estonia has advised Estectus, an SEB group property portfolio management company, on the sale of the ScalaCity office building in the Tallinn city center to Colonna investors. The newly renovated office building with a total lettable area of over 5,000 square meters will be managed by Colonna.
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.