Looking into the historical context of Scandinavian foreign direct investment in the Baltic states, TGS Baltic Managing Partner Ivars Grunte, Walless Partner Rolan Jankelevitsh, Ellex Valiunas Partner Ruta Pumputiene, and Klauberg Baltics Managing Partner Theis Klauberg explore the economic and legal ties between the two regions.

In a move scheduled to start in February, TGS Baltic is welcoming aboard a significant team of lawyers from PwC Legal Estonia.

Cobalt has advised Warmeston on its EUR 32 million acquisition of the Broceni cogeneration plant and pellet factory in Latvia from Enefit Green. TGS Baltic advised Enefit Green.

Lextal has advised Solbritt on its reorganization and restructuring plan.

Pohla & Hallmagi has advised Restate on its sale of 5.5 hectares of development land in a logistics park near Tallinn to AS Schenker. Ellex advised Schenker.

Lextal has advised Estonian metaverse avatar platform company Ready Player Me on signing partnership agreements with the Warner Music Group, the Universal Music Group's Bravado, Rovio’s Angry Birds, McLaren Racing, and the operator of ITV’s The Voice, among others, allowing users to buy new virtual items for their avatars.

Ellex Raidla has advised R8 Technologies on closing its 2023 investment round with the Panasonic Corporation, Encevo, and Moller Eiendom.

Pohla & Hallmagi has advised Esteve on its acquisition of a Type LHM 550 Liebherr harbor mobile crane from Liebherr-MCCtec Rostock.

Squire Patton Boggs and 42Law have advised Inven Capital on co-leading the EUR 8.5 million series A investment round of Hydrogrid, alongside Karma Ventures. Cobalt advised Karma Ventures. Herbst Kinsky advised Hydrogrid.

Pohla & Hallmagi, working with Am Wall Rechtsanwaelte, has advised CF&S Estonia and CF&S Germany on the Acquisition of DAKO Worldwide Transport. The German offices of McDermott Will & Emery reportedly advised the sellers.

Triniti, working with Edinburgh's Castletown Law and Helsinki's Waselius & Wist, has drafted Estonia's Nuclear Energy and Safety Act which, together with its legislative intent and the explanatory memorandum, has recently been handed over to the Estonian Ministry of Climate.

Ellex has advised Viru Keskus majority shareholder Pontos Baltic on the sale of its stake to the Estonian Tristafan family office and existing co-owner Kapitel.

Triniti has advised Utilitas on its acquisition of the Paide and Valka district heating business from Enefit Green for EUR 15.8 million. TGS Baltic reportedly advised Enefit Green.

Kinstellar, working with Veil Jourde, has advised Jacquet Metals on its acquisition of several distribution companies from the Swiss Steel Group. Niederer Kraft Frey and Roedl & Partner reportedly advised the Swiss Steel Group.

TGS Baltic has advised the Environmental Investment Center on developing a new support framework for the deployment of green hydrogen in the transport and industrial sectors in Estonia.

Pohla & Hallmagi has successfully advised SG Veteris in obtaining a virtual currency service provider license from the Estonian Financial Intelligence Unit.

From political gridlock to economic shifts, Estonia appears to be experiencing a number of challenges according to Triniti Managing Partner Ergo Blumfeldt, who reports unprecedented parliamentary obstructionism, a budgetary deficit prompting new tax laws, and a legal sector experiencing stagnant growth amid broader economic uncertainties.

Ellex, working alongside Baker McKenzie, has advised Culligan International on its acquisition of Primo Water Corporation’s European business in an all-cash transaction valued at up to USD 575 million.