Finding its balance after a general election, Estonia is looking at a year of potential IT sector labor force shake-ups, a likely uptick of reorganization and bankruptcy procedures, as well as a potential real estate sector slowdown, according to Magnusson Estonia Managing Partner Jaanus Magi.

Cobalt has advised BayWa r.e. Energy Ventures and EdgeCap Partners on leading the EUR 6.45 million investment round into Roofit.Solar.

Sorainen has advised Estonia-based health technology start-up Nanordica Medical on raising EUR 375,000.

White-Collar Crime is commonly thought of as something only a natural person can be held liable for. Although this might be the case in some jurisdictions, it does not apply in Estonia. The Estonian legal system allows companies to be held criminally liable alongside or separately from their representatives.

On May 1, 2023, the Foreign Investment Reliability Assessment Act, currently under adoption by the Estonian Parliament, will likely enter into force. Looking at the European Union as a whole, the push towards more supervision over foreign investors is not novel. What is new, is the Estonian approach to it and why this approach was taken. 

Considering the market size, Estonia sits at the forefront of CEELM’s technology deal rankings, with many of those deals involving a high degree of legal innovation. Magnusson Partner Elvira Tulvik, Fort Legal Partner Merit Lind, Hedman Law Firm Managing Partner Merlin Seeman, and Nove Head of IT and Cybersecurity Sten Tikerpe share their most innovative recent projects and pinpoint what makes the country a technology powerhouse.

The past two years have brought about tectonic shifts across all industries, business sectors, and economies. Adapting to the ever-changing concept of a “new normal” became an everyday task, and law firms were no exception. Motieka & Audzevicius Partner Rokas Jankus, iLaw Lextal Managing Partner Tomas Bagdanskis, and Sorainen Managing Partner Laimonas Skibarka share how Baltic firms have managed to hold their own in these challenging times.

With numerous reports of energy-related business shutdowns, we reached out to local experts across CEE to understand what different markets have been dealing with, in terms of work and production stoppages, and look into the broader impact.

Starting from 1 February of 2023, the Commercial Code of Estonia changed, and a new Commercial Register Act came into force.

Sorainen has advised the shareholders of Milrem Robotics on their sale of a majority stake in the company to the Edge Group.

The legislation concerning crypto-assets has always been fragmented between different states in the EU. Having a crypto exchange license in one EU country did not mean that it would be automatically legal to operate in another EU state as well. Whereas some countries like Estonia were the pioneers of crypto legislation, many others have been lacking behind and have further exacerbated this fragmented state.

Sorainen, working with Dentons, has advised Deutsche Bank on a EUR 600 million syndicated loan agreement with Eesti Energia to refinance its 2016 bond issuance and support investments.

Ellex, working with Norway's Thommessen, has advised InfraVia on its acquisition of a stake in wind farm developer Vindr Group.

TGS Baltic has advised Nordic Foodtech VC on its investment in Tallinn-based biotechnology R&D start-up Aio Tech.

TGS Baltic has advised EV charging solution developer VOOL on raising EUR 1.7 million in a Specialist VC-led round. Ellex advised Specialist VC.

Sorainen has advised Skoda on its cooperation agreement with Elron for the construction of ten electric trains.

Cobalt has advised Salv on its EUR 4 million seed investment round led by ffVC with participation from German G+D Ventures.

Triniti has advised Fort Aero on the addition of Piaggio P.180 Avanti II push-prop aircraft to its fleet.