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Leadell Successfully Defends Monolit in Benefit Fraud Criminal Proceeding

Leadell Successfully Defends Monolit in Benefit Fraud Criminal Proceeding

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Leadell has successfully represented construction company OU Monoliit and Monolit's board member Jaak Reinmets in a criminal proceeding involving accusations of benefit fraud.

According to Leadell, principal charges were brought against NGO Vahuranna and its board members, who planned to build a harbor with the financial support of the Estonian Agricultural Registers and Information Board. The builders of the harbor – OU Monoliit along with Jaak Reinmets as the legal representative – were also accused of facilitating benefit fraud and knowingly assisting in an illegal act. 

According to the prosecution, the purchaser and the contractor collaborated to incorrectly indicate the price of the investment. Over EUR 170,000 was paid out for the construction of the first stage of the harbor.

Based on the May 31, 2019 court decision, all of the accused were found not guilty and the state was ordered to cover the procedural costs.

The Leadell team was led by Partner Jaak Siim.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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