Attorneys Aivar Pilv and Anneli Aab from Leadell Pilv in Estonia have successfully defended clients Karl and Kaarel Liivapuu in Harju County Court against a civil claim for damages of over EUR 127,000 based on allegations that they improperly influenced "a member of management board ... to perform a transaction harmful for the company by selling an apartment under its market value."
Njord has assisted bitcoin gambling operator bitcasino.io establish a bitcoin gambling operating company — Kopikas Entertainment OU — with only bitcoins as share capital contribution. According to Njord, "the share capital contribution in bitcoins was one of its kind and the first in Estonia and most likely in the world."
Ellex has advised European vending and coffee services company Selecta Group on the sale of its Baltic subsidiaries to BaltCap Private Equity Fund II, managed by BaltCap. Cobalt advised BaltCap on the deal, which remains subject to the approval of the competition authorities. The transaction price was not disclosed.
Sorainen, Valiunas Ellex, Klavins Ellex, and Cobalt have advised on Baltic elements of the acquisition by AMC Entertainment Holdings, Inc. of Nordic Cinema Group Holding AB from European private equity firm Bridgepoint and Swedish media group Bonnier Holding. The transaction — all-cash and valued at SEK 8.250 million (approximately USD 929 million) — is conditional upon antitrust clearance by the European Commission, which is expected in the first half of 2017.