Sorainen Estonia advised Silmaasema, the Finnish optical chain, on its acquisition of a 100% share in Estonian chain Tallinna Optika from its founder Kalev Klais.
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.
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.
Varul — the Estonian branch of Tark Grunte Sutkiene — has advised Cybernetica on the sale of its navigation systems business unit, including EKTA branded products and contracts, to Carmanah Technologies Corporation. Raidla Ellex advised the buyers on the transaction, which is expected to close in December 2016 and remains subject to the satisfaction of certain closing conditions, including the approval of the Toronto Stock Exchange.
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.