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Raidla Ellex Advises DataMe on Creation of New Credit Register

Deals and Cases

Raidla Ellex has advised DataMe OU, an Estonian fintech company, on the creation of a new credit register to be used for processing of credit data of private individuals.

According to Raidla Ellex, the new register allows Estonian lenders to exchange real time data relating to the financial obligations of its customers, allowing for the "making of better quality credit decisions faster and at a lower cost, increasing the quality of credits and making it easier to comply with regulatory obligations.” Raidla Ellex described is as “the first such real time register in Estonia.” 

The firm’s team consisted of Partners Raino Paron and Ants Nomper and Associate Gerly Lohmus.

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Since its founding in 2004, we have endeavoured to make our law firm the epitome of professionalism, expertise and ethical integrity. We continuously strive to go beyond what large global law firms can offer and to add a personal approach when working with our clients. We do not distinguish between major and minor tasks; we offer clear answers in both complex and seemingly routine matters.

We help our clients implement their business plans by advising them across all areas of commercial law. Through a unique network of law firms, PONTES: the CEE lawyers, we provide services not only in the Czech Republic but also in Austria, Bulgaria, Hungary, Poland, Romania and Slovakia.

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