From political gridlock to economic shifts, Estonia appears to be experiencing a number of challenges according to Triniti Managing Partner Ergo Blumfeldt, who reports unprecedented parliamentary obstructionism, a budgetary deficit prompting new tax laws, and a legal sector experiencing stagnant growth amid broader economic uncertainties.

Ellex, working alongside Baker McKenzie, has advised Culligan International on its acquisition of Primo Water Corporation’s European business in an all-cash transaction valued at up to USD 575 million.

Dimitrov, Petrov & Co has advised TPXImpact Holdings on the sale of its subsidiaries Questers Resourcing and Questers Bulgaria to Estonia-based software developer Nortal. Reportedly, Charles Russell Speechly and Konecna & Zacha advised Nortal.

Ellex Raidla has advised venture capital firm Tera Ventures on leading the EUR 755,000 pre-seed funding round into user experience library Flowstep. Specialist VC and several business angels joined the round.

TGS Baltic has advised TKM Finants on its successful application for a creditor's activity license from the Estonian Financial Supervision Authority for providing consumer credit services.

From January 1, 2024, the general VAT rate will increase from 20 percent to 22 percent.

Cobalt has advised VKG on the sale of the VKG Elektrivorgud electricity distribution company in Estonia to Baltcap. TGS Baltic advised BaltCap.

Sending marketing emails is an excellent way to increase sales. Those who don’t make sales don’t do business. However, a question arises as to whether this complies with strict data protection rules. It is known that the Data Protection Inspectorate is increasingly vigilant and imposes hefty fines for violations.

Ellex Raidla has advised Specialist VC on leading the EUR 380,000 pre-seed investment round for Estonian biotechnology start-up Gearbox Biosciences. UniTartu Ventures also participated in the round.

Ellex Raidla has advised energy storage technology company Skeleton Technologies on its EUR 108 million round with equity investors Siemens Financial Services and the Marubeni Corporation, among others.

Cobalt has advised Alexela on the acquisition of the remaining 50% stake in Rohe Solution from Finland's Haminan Energia.

TGS Baltic, working with Oppenhoff, has advised Hawesko on its partnership with the Dunker Group through the acquisition of 50% of Dunker Group's shares. Triniti advised Arkastro OU, the holding company of Dunker Group founder Arvo Kask, who sold his stake to Hawesko.

TGS Baltic has advised agriculture technology startup Paul-Tech on its EUR 1.4 million seed round led by Estonian venture capital fund Superangel and including SmartCap, Honey Badger Capital, EstBAN, Tatoli AS, Overkill VC, and Swedish business angels. Ellex Raidla advised Superangel.

Cobalt has helped Tallinn-based Monemon obtain its e-money license from the Estonian Financial Supervision and Resolution Authority.

Most people clearly understand the need for insurance when renting or owning real estate. However, a common problem is knowing what to consider when insuring and what to look for or remember regarding insurance policy conditions when it has been signed and damage occurs. I’ll highlight five essential nuances often overlooked by companies and individuals when insuring their rented or personal real estate, drawing from my more than 25 years of experience in insurance law.

Cobalt has advised Interchemie on the court dispute and resulting agreement with competitor Kepro regarding the termination of Interchemie's lease agreement and eviction from their factory.

Cobalt has advised FootonVolt on the sale of an 18-megawatt portfolio including 13 solar parks to KC Energy. Sorainen reportedly advised the buyer.

Ellex has advised the LHV Group on its EUR 35 million public issuance of subordinated bonds.