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Villy Lopman and Timo Kullerkupp Make Partner at Rask

Rask Attorneys at Law has promoted Villy Lopman, Rask's Head of Tax and Constitutional Law, and Timo Kullerkupp, Head of Tech, Finance and Aviation, to Partner.

Estonia’s commercial real estate sector is enjoying steady growth in practically all segments, with the construction of numerous new office buildings, logistics centers, hotels, and industrial buildings. Even though the majority of transactions are still being made by local property funds, there is an increasing inflow of foreign capital looking for decent returns in a stable environment. One critical aspect facilitating foreign investments into Estonia’s property market is the favorable legal environment.

Sorainen has advised Fincumet Group on the acquisition of a 60% stake of Estonia's Birger, a producer of hooklift containers and related steel constructions, from owner Aleksei Manniste, who retains the remaining 40% and will continue serving as CEO of the company.

Cobalt has advised AS PRFoods, a fish farming and production company listed on the Tallinn Stock Exchange, on a private placement of secured notes with an aggregate nominal value of approximately EUR 9.1 million.

Cobalt has advised the European Investment Bank on a EUR 50 million venture debt facility to Bolt, the Estonian developer of a ride-hailing app. The borrowers were advised by Sorainen on the financing, which is supported by the European Fund for Strategic Investments.