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.

The Estonian office of Cobalt has advised the Hansab Group on the sale of recycling technology provider Moya OU to Swedish recycling machinery producer RVM Systems AB.

Peeter Viirsalu has been promoted to Partner and Head of Real Estate and Triin Kaurov has been promoted to Associate Partner and will continue as Head of Regulatory at TGS Baltic.

Cobalt has assisted Viessmann with the restructuring of its refrigeration systems business in Latvia.

Cobalt has advised Change Ventures on its EUR 500,000 investment in Estonian educational startup 99math.

Cobalt has advised SEB life insurance entities in Estonia, Latvia, and Lithuania on a cross-border merger in the Baltics.

Glikman Alvin Levin has advised Deca Games OU on its merger with Deca Live Operations GmbH.

Lithuania's WINT law firm has agreed to join Estonia's Glikman Alvin Levin and Latvia's Kronbergs Cukste Levin to create a new pan-Baltic alliance.

Former TGS Baltic Partner Marko Kairjak has joined Ellex Raidla in Estonia, where he will create and head the firm's new White Collar Dispute Resolution Practice.

Cobalt has advised Poco Holding on the sale of banking-as-a-service provider PocoSys to the Opera Group. Opera also signed an agreement to acquire PocoSys's sister company, EU-licensed payment institution Pocopay.

Estonia's Pohla & Hallmagi has advised Wraight Invest on its acquisition of the remaining 54% of Hobby Hall Group OU from fellow shareholders SGN Group Oy and Four P&P Consulting Oy. Finland's HPP Attorneys advised the Finnish sellers on the deal.

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.

TGS Baltic has advised real estate company KEK Arendus OU, a member of the Rondam Group, on its acquisition of an office building in the Tallinn city center from Danske Bank A/S and on its conclusion of a lease contract with the current user of the building.

Former Ellex Senior Associate Karl-Erich Trisberg has joined Derling Primus as Associate Partner.

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.

Triniti has advised ANMKinnisvara, K.E.D.S, and Faroc on the sale of Birger to Finland's Fincumet Group, which was advised by Sorainen.