Twitter Logo Youtube Circle Icon LinkedIn Icon

Estonia

The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Estonia > Banking, finance and capital markets > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Banking, finance and capital markets
  2. Hall of Fame
  3. Leading individuals
  4. Next generation lawyers

Hall of Fame

  1. 1

Leading individuals

  1. 1
    • Reimo Hammerberg - Sorainen
    • Kristel Raidla-Talur - Cobalt
    • Andres Siigur - Derling
    • Marina Kotkas - Cobalt
    • Hannes Vallikivi - Derling

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Banking, finance and capital markets clients in Estonia using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact david.burgess@legal500.com.

CLICK HERE TO VISIT THE WHO REPRESENTS WHO SITE

Cobalt’s large and active team recently acted as the local law adviser to the Port of Tallinn on its IPO and also advised Nordea Bank and Pohjola Bank on providing syndicated financing to Trilini Energy for its acquisition of Eesti Gas. Marina Kotkas is ‘immensely experienced and especially strong in aviation financing’; Kristel Raidla-Talur is also ‘excellent’ with considerable experience in debt and equity financings. Kristjan Kotkas is also noted.

Ellex’s ‘professional and visible’ team is frequently involved in the most significant deals on the market and recently advised the Ministry of Finance on the €1bn Treasury Note Programme which was created by the Republic of Estonia. In another complex matter the group assisted Inbank with its IPO on the Nasdaq Tallinn Stock Exchange. Ermo Kosk, Gerli Kilusk and Anton Sigal, who are all ‘active in the market and do an impressive amount of transactional work’, joined after the firm’s merger with Primus, Attorneys at Law. Raino Paron is another key contact. Gerly Lõhmus and Martin Mäesalu are names to note.

Sorainen’s ‘established’ and ‘excellent’ team is well equipped to advise on a broad spectrum of matters including capital raisings and the reorganisation of regulated entities. It advised Northern Horizon Capital on a secondary public offering as well as on the secondary listing of units of the Baltic Horizon Fund on the Nasdaq stock exchange in Stockholm. Other major clients include Creditstar Estonia. ‘Knowledgeable’ practice head Reimo Hammerberg is a ‘very strong negotiator’. Jane Eespõld is also noted.

Derling’s banking and finance team includes the ‘very skilled’ Andres Siigur as well as the highly regarded Hannes Vallikivi. The group advised the City of Tallinn on a €100m facility from the European Investment Bank and also frequently assists international banks and law firms with cross-border financings. Other key clients are the Loan Market Association and Swedbank.

Fort has a ‘well-organised practice’ under the leadership of Kirsti Pent who provides a ‘friendly and efficient service’. It has a ‘substantial regulatory offering’ as well as a strong transactional practice. The group advised Finnish telecoms operator Elisa Oyj on the financing aspects of its €208m acquisition of Starman. Crowdestate and Nordea Bank are other major clients.

The ‘excellent’ team at KPMG Lawworks 24/7’ and stands out for its ‘strong cross-border offering’. Notably, the group advised Wallester on its application for a payment institution licence from the Estonian FSA. Risto Agur provides ‘very business-focused advice that you can really use and always aims to meet or exceed clients’ expectations’ and senior associate Veiko-Joel Kokk is ‘organised, very experienced and thorough’.

TGS Baltic is well-known for its solid regulatory work and its niche expertise in areas such as crowdfunding. Marko Kairjak assists Eesti Ühistupank with its application to the EFSA to obtain a banking licence to be the first operating cooperative bank in Estonia. Other major clients include Citadele Finance and Leasing.

Eversheds Sutherland Ots & Co has a ‘significant regulatory offering’ with key expertise in funds and fund management. Led by Maivi Ots, the team advised EstBan (the Estonian Business Angels Network) on the development of a standard set of contracts for syndicated lending. Metro Capital is another key client. Lauri Liivat is a name to note.

Njord Law Firm has the restructuring specialist Veikko Toomere and Anne Veerpalu. Highlights included advising the bitcoin gambling operator bitcasino.io on the establishment of a bitcoin gambling operating company. The team was also appointed as the restructuring adviser to construction company Riito Ehituse. Advokaadibüroo PricewaterhouseCoopers Legal OÜ’s ‘professional team has a broad range of experience’, is ‘quick, to the point and provides valuable advice across the board’. It is advising Estonian consumer credit provider BB Finance on its application for a mortgage-backed consumer credit provider’s licence. Viljar Kähari heads the team and senior associate Hetti Lump is also recommended.

The ‘hardworking and goal-orientatedTarmo Peterson at Rask Attorneys-at-Law is leading the advice to TF Bank on the registration of a branch in Estonia. Ramon Rask heads the team.

Tark has a ‘very responsive team that understands the needs of its clients well’ and is adept at advising on major cross-border financings and regulatory work. Key clients include real estate developer Pro Kapital Grupp and Svea Finance. Allar Aru is ‘very experienced’ and Tanel Küün is another hame to note.

Triniti Estonia provides ‘excellent levels of service’ and ‘good business insight into the key legal issues’ with niche expertise in the infrastructure and transport sectors. Highlights included representing Transpordi Varahaldus on a bonds issue related to the acquisition of two CRJ900 NextGen aircraft. Ergo Blumfeldt is ‘resourceful, professional and commercial’.

Interview with...

Law firm partners and practice heads explain how their firms are adapting to clients' changing needs

International Law Firm Networks

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -
Europe

International Law Firm Networks

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Chambers Guides - Insurance 2018 - India

    India is a common-law jurisdiction. In general, Indian laws borrow heavily from, and are based on, English law. However, insurance law in India has certain unique features that deviate from English insurance law. The primary legislation of insurance law in India is the Insurance Act, 1938 (the “Insurance Act”) and the Insurance Rules, 1939 (the “Insurance Rules”).
  • AVELLUM advised largest Ukrainian brick manufacturer on restructuring and refinancing of its debt

    AVELLUM acted as the Ukrainian legal counsel to Private Joint Stock Company with Foreign Investments “Slobozhanska Budivelna Keramika” (“SBK ”) in connection with the restructuring and refinancing of SBK’s debt, valued at approximately EUR20 million. Atlas Advisors, an independent investment banking firm, acted as the exclusive financial advisor to the SBK’s shareholders in connection with the restructuring of the credit portfolio, attraction of financing for the debt’s refinancing, and buy-out of SBK’s shares.
  • AVELLUM advises on Ukraine’s USD2 billion Eurobond issue

    AVELLUM acted as the Ukrainian legal counsel to the Ministry of Finance of Ukraine on the USD2 billion sovereign Eurobond issue consisting of two tranches with 5.5 and 10-year tenor. J.P. Morgan Securities, Goldman Sachs, BNP Paribas, and Citigroup acted as joint lead managers on the transaction.
  • New Anti-Money Laundering Law

    The new anti-money laundering ( AML ) law of the UAE took effect at the end of October 2018. Containing features recommended by the Financial Action Task Force ( FATF ), the new law introduces subtle but important changes to the AML landscape in the UAE. 
  • Confidentiality Under Renewed Focus

    The UAE federal government has recently issued a raft of important legislation, addressing and in many ways updating areas of law that are key to businesses in the jurisdiction. Amongst this legislation is Federal Decree-Law 14 of 2018 concerning the central bank and the organisation of financial institutions and activities (the New Banking Law ) and Federal Decree-Law 20 of 2018 concerning anti-money laundering and anti-terrorism financing (the New AML Law ). Both the New Banking Law and the New AML Law repeal and replace the previous legislation on their respective subjects. Importantly, the New Banking Law and the New AML Law have together enhanced the protection afforded to confidential information under UAE law, in particular where financial and legal service providers and their customers and clients are concerned. 
  • Israel Chapter in The Virtual Currency Regulation Review

    Earlier this year, the Israel Tax Authority (ITA) issued two circulars, one on the taxation of digital tokens and the second addressing the taxation of utility tokens in initial coin offerings (ICOs). Additionally, in March, the Israel Securities Authority (ISA) released a detailed interim report by the Committee for the Regulation of Public Offerings of Decentralized Cryptocurrency Coins (Report) (with a follow-up report due to come out around October 2018). Moreover, it is expected that before the end of 2018, legislation will come into force that for the first time will see Israeli primary legislation define virtual currencies as financial assets and mandate licensing for related services, as is later discussed in detail.
  • GRP Rainer Rechtsanwälte – Report on authorized dealer’s entitlement to compensation

    Under certain circumstances, an authorized dealer may be entitled to claim compensation after termination of the contract with the company if the latter continues to be able to use its business contacts.
  • The Intra-Corporate Transfer Regulations

    The Conditions of Entry and Residence of Third-Country Nationals in the Framework of an Intra-Corporate Transfer Regulations (“Regulations”) were brought into force through Subsidiary Legislation 217.21. These Regulations transpose EU Directive 2014/66/EU into Maltese law.
  • Spring is coming for real estate registration in Israel

    Israel may be the “Start-up Nation” and a world-renowned center of technological innovation, yet for many years the procedures and conduct of the Israeli Land Registry have been trapped in the past.
  • The Tax Working Group’s Interim Report - A capital gains tax for New Zealand?

    ​​​​​​The Tax Working Group has released its Interim Report on the Future of Tax. Amongst a number of other matters, the Interim Report describes two alternative methods for the implementation of a capital gains tax in New Zealand, which will be the subject of further consideration over the coming months. 

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to