Derling has advised Navirail OU on the sale of the freight and passenger route between Paldiski (Estonia) and Hanko (Finland) to DFDS.
Tark Grunte Sutkiene has successfully represented SIA Enefit, the subsidiary of the Estonian electricity producer Eesti Energia in Latvia, in a public procurement dispute before the Procurement Monitoring Bureau with VAS Latvijas Dzelzcels over the process that led to an electric supply agreement with AS Latvernergo worth EUR 12 million.
“In terms of the legal market,” said Toomas Prangli, Sorainen’s Managing Partner in Estonia, "times have been very turbulent the last 15 months. Many Baltic alliances are being broken, and new ones are emerging.” As the most recent change he referred to the split of the Estonian firm from pan-Baltic Tark Grunte Sutkiene, which then allied with Varul’s Estonian firm, in turn triggering the termination of the Varul alliance in the region.
Primus has advised the Olympic Entertainment Group, a casino operator listed on the NASDAQ OMX Tallinn Stock Exchange, on its EUR48 million sale of the newly opened Hilton Tallinn Park hotel to a company within the East Capital investment group. Raidla Ellex advised East Capital on the transaction, which remains dependent on the approval of the Estonian Competition Authority.