Nove has successfully represented AS MV Kaubad in a dispute before the Estonian Supreme Court.
On June 19, 2019, the Supreme Court partially satisfied the appeal of AS MV Kaubad in a dispute concerning its purchase of AS Jahipaun shares.
The dispute involved representations about the financial situation of AS Jahipaun that were made to AS MV Kaubad by the unidentified seller in the transaction and other pre-sale information.
According to Nove, both the County Court and the Circuit Court found that the seller provided incorrect information [about] the value of AS Jahipaun's assets, but that AS MV Kaubad's claim was time-barred by a provision in the sale contract. According to the firm, the Supreme Court reversed the decisions of the lower courts and ruled that the claim was not time barred after all.
AS MV Kaubad was represented by Nove Partners Kristjan Tamm and Arsi Pavelts.