Cobalt has advised SmartCap on its investment in Tartu-based start-up eAgronom in a EUR 5 million financing round joined by Icos Capital and Soulmates Ventures.

Cobalt has advised AS Toode majority shareholder Amber Trust II SCA on the sale of its shares to Kingspan Group company Joris Ide NV.

Cobalt has successfully represented Estonian citizen Ivan Turogin before the Supreme Court on the admissibility of electronic surveillance as an alternative to arrest for defendants during extradition proceedings.

Pohla & Hallmagi has advised Restate Property Development on its acquisition of development land in Saku Parish from Mannilatv Kapital.

Pohla & Hallmagi has advised the minority shareholders of the Mobire Group on the sale of part of their shareholding in the company to InBank. Ellex advised InBank.

In one of our previous texts we wrote about the recent decision of the Spanish personal data protection authority, by which it fined an employer as the controller of personal data for using the option of audio recording within the employees surveillance system, which data were subsequently used for termination of an employment contract.

TGS Baltic has successfully represented Swedbank before Estonia's Supreme Court against a EUR 1.75 million claim brought in a dispute with the bankruptcy trustee of Alberta Trade, a former Swedbank client.

Cobalt has advised Indutrade on its acquisition of Labema.

Ellex has advised state-owned Estonian Air Navigation Services on a EUR 13 million loan from the Nordic Investment Bank to improve the efficiency of air navigation services.

Lextal has advised digital asset platform Blocktrade on the launch of its new BTEX token which raised over EUR 5 million to date.

Did You Know that, of the 30 lawyers who have worked on Estonian client matters reported by CEE Legal Matters so far this year, only seven have worked on more than one? The 2023 Estonian leaderboard is currently led by Sorainen Partner Toomas Prangli, who has worked on four reported client matters so far this year.

TGS Baltic has advised Estonian national postal service provider Eesti Post (Omniva) on its acquisition of assets – including a network of smart mailboxes and the related IP rights – from Parcelsea.

Cobalt has advised Change Ventures on launching its EUR 20 million Fund III.

Triniti has advised the Tallinn water company AS Tallinna Vesi on a EUR 91 million syndicated loan agreement with AS SEB Pank.

TGS Baltic has successfully represented the interests of Jetoil before Estonian courts in a dispute related to supplied fuel quality.

Contributed by Sorainen.

On March 9, 2022, four leading Estonian lawyers sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the current state of the startup environment in Estonia and analyze its main drivers, the local startup ecosystem, and the regulatory environment shaping it.

Contributed by Walless.