TGS Baltic has advised Clear Channel Outdoor Holdings on the sale of its Europe-North out-of-home advertising segment to Bauer Radio Limited. Squire Patton Boggs, AG Law Limited, Cirio Law Firm, Kromann Reumert, Wikborg Rein, Castren & Snellman, Perez-Llorca, Reichlin Hess, Reed Smith, Deloitte and Herbert Smith Freehills, CMS, Norton Rose Fulbright, and Paczewski Tropaczynski reportedly advised the sellers as well.

Walless has advised Lidl on opening a new store in Tallinn.

Pohla & Hallmagi has advised Fort Aero on obtaining court approval for its reorganization plan previously approved by creditors.

On December 30, 2024, a new European Union crypto-asset regulation, known as MiCAR (Markets in Crypto-Assets Regulation), came into effect. This regulation establishes unified rules for the crypto-asset market and imposes stricter requirements on crypto service providers. Additionally, on July 1, 2024, a new crypto-asset market law came into force in Estonia (krüptovaraturu seadus or KrüTS in Estonian).

Cobalt has advised CybExer Technologies on a EUR 1.5 million investment from SEB via the Baltic Venture Debt investment program.

TGS Baltic has advised IVC Evidensia on its acquisition of Tartu Loomakliinik. Ristal Keba Partners and Sirel & Partners advised the sellers, Karerin OU and Kersti Paju.

Ellex has appointed Counsel Anneli Krunks as the Head of the Fintech practice in Estonia.

Ellex has advised Trigon Capital on its acquisition of Estonia Farmid.

Walless has advised Merito Partners on raising EUR 4 million via bond issuances arranged by Signet Bank to fund new self-storage facilities in Tallinn and Vilnius.

Karl-Erich Trisberg has taken over as the new Managing Partner at Walless Estonia, succeeding Partner Piret Kergandberg.

Gessel and Kambourov & Partners have advised MS Galleon on its acquisition of Corab. TGS Baltic reportedly advised MS Galleon as well.

Cobalt has advised Hanza on the acquisition of the Leden Group.

Cobalt has advised Inbank on a synthetic securitization transaction involving the European Investment Bank and the European Investment Fund.

Ellex has advised HOF Ehf on the sale of Baltic IKEA stores to Inter IKEA Group. Walless advised FE Corporation, the sellers of the Lithuanian store operator. Sorainen reportedly advised Inter IKEA Group.

Debt pushdown structures have become a prevalent strategy in Estonia for company acquisitions. However, up until now, the absence of clear regulatory guidance has left companies and their legal advisors navigating uncertain terrain, particularly concerning the tax implications. The (at the time of writing) soon-to-be-published guidance on the taxation of debt pushdowns is poised to provide much-needed clarity.

Cobalt has successfully represented Estonian environmental NGO MTU Eesti Roheline Rist on its appeal leading to the revocation of a construction permit for a planned soybean oil factory in Muuga port.

Ellex has advised on the privatization of Operail’s business operations via a sale of its business operations along with its subsidiary Operail Repairs for EUR 19 million to Tiigi Keskus, an Estonian company that won the sale auction. Sirel & Partners advised Tiigi Keskus.

Cobalt has advised the shareholders of Bauhub on its sale to Admicom's subsidiary Tocoman.