Partner Aivar Pilv and Attorney Marko Pilv from the Leadell Pilv firm successfully defended businessman Alexander Kofkin in the Harju County Court.
Sorainen Successful for Eesti Kontsert in Dispute with United Capital
Sorainen has successfully represented Eesti Kontsert, a state-owned philharmonic foundation, in a dispute against claimants United Capital and Brutus Inkasso.
Tark Successful for Solaris Bus & Coach in Gas Bus Procurement Dispute
Tark has successfully represented Solaris Bus & Coach in a dispute over the procurement of gas buses for Tallinna Linnatranspordi.
Cobalt Successful for Jewelry Artist Keiu Kulles
Cobalt has successfully represented jewelry artist Keiu Kulles in a copyright infringement dispute with AS Saaremaa Piimatoostus and advertising agency La Ecwador.
Piret Blankin Takes Over as Managing Partner at Derling Primus Estonia
Piret Blankin has taken over from Partner Hanens Vallikivis as Managing Partner of Derling Primus's Estonian office as part of what the firm describes as its “novel management rotation system.”
Sorainen and A&O Advise Sage on Acquisition of CakeHR
Sorainen and Allen & Overy have advised Sage, a UK based company specializing in integrated accounting, payroll, and payment systems, on its acquisition of CakeHR, a Latvian startup that offers a native cloud solution that for HR tasks for small businesses.
PwC Legal Advises DncOne on Acquisition of iD Susteemide
PwC Legal Estonia has advised DncOne OU on its acquisition of iD Susteemide OU. Ellex Raidla reportedly advised the sellers.
The Buzz in Estonia: Interview with Martin Simovart of Cobalt
“The Estonian general election took place in March this year, and we are finally able to see the results,” says Martin Simovart, Partner at Cobalt in Estonia. “Politics in Estonia is now quite a mess. The new government is a populist coalition – this means that the situation is unstable and a polarized sentiment has been created.”
Sorainen and Ellex Advise on Financing of Veho's Acquisition of Silberauto
Finland's Castren & Snellman and Sorainen have advised the OP Corporate Bank on its provision of financing to Finland's Veho Group for Veho's acquisition of Silberauto. Finland's Dittmar Law Firm and Ellex's three offices in the Baltic advised Veho on the financing, as they had on the acquisition itself.
Cobalt Advises Karma Ventures on Follow-On Investment in MeetFrank
Cobalt has advised Karma Ventures on its follow-on investment in career app MeetFrank. Eversheds Sutherland reportedly advised MeetFrank.
Cobalt Advises Danske Bank on Sale of Building in Tallinn
Cobalt has advised Danske Bank on the sale of its main building in Tallinn to KEK Arendus OU, a company controlled by local entrepreneur Neinar Seli.
Cobalt Advises Salv on Generation of Seed Funding
Cobalt has advised Salv, an anti‑money laundering startup founded by ex-TransferWise employees, on its successful raising of USD 2 million in seed funding.
Nove Successful for Tallinn Notary Triin Sild in Dispute Involving Scope of Notary Duties in Estonia
Estonia's Nove law firm has successfully represented Tallinn Notary Triin Sild in a dispute involving the scope of notary duties, in which the Estonian Supreme Court clarified when a notary may refuse to perform a notarial act.
Ellex Raidla and Eversheds Sutherland Advise on IM Arvutid's Sale to UP Invest OU
Ellex Raidla has advised IM Arvutid AS on its sale to UP Invest OU, an investment company controlled by Margus Linnamae. Eversheds Sutherland advised the buyers.
New Estonian Covered Bond Regime
Earlier this year the Estonian parliament enacted long-awaited dedicated covered bond legislation, finally allowing local banks to enter both regional and European-wide covered bond markets and to gain access to a reasonably priced and stable source of long-term funding for their key banking businesses (most importantly for funding the issuance of mortgage loans). Additionally, under the new legislation, local covered bond issuers able to meet prudential requirements under the Capital Requirements Regulation (CRR) will be able to benefit from certain forms of preferential treatment afforded to covered bonds. For the local banking sector that, at the moment, remains dominated by Scandinavian banking groups, the new legislation also creates a viable alternative to the parent funding.
Ellex Raidla and TGS Baltic Advise on Auto-Bon Oy's Acquisition of Veho Eesti
Ellex Raidla has advised Auto-Bon Oy on the acquisition of Veho’s Estonian subsidiary, Veho Eesti AS. Veho was advised by TGS Baltic. Financial details were not disclosed, and the acquisition remains subject to approval by competition authorities.
Kinstellar, SK&S, and Cobalt Advise Stada Arzneimittel on Acquisition of Walmark from Mid Europa
Kinstellar, Soltysinski Kawecki & Szlezak, and Cobalt have advised Stada Arzneimittel on the acquisition of Walmark from Mid Europa Partners. White & Case and Weil, Gotshal & Manges reportedly advised the sellers on the deal.
TGS Baltic Advises on Sale of Majority Shareholding in Eesti Digiraamatute Keskus
TGS Baltic has advised the shareholders of Tallinn-based Eesti Digiraamatute Keskus on the sale of a majority shareholding to Russia publisher OOO Litres.