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Who Represents Who

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Cobalt’s sizeable corporate team, headed by the ‘knowledgeable, effective’ Martin Simovart and Peeter Kutman, handles acquisitions and investments, having recently acted for clients such as Circle K Eesti, Northern Horizon Capital and Rakuten. Kristel Raidla-Talur advised Ekspress Grupp on acquiring half of the shares of advertising company Linna Ekraanid.

Ellex is ‘very professional and helpful’. The ‘experienced and solution-orientedRisto Vahimets, who joined from Law Firm Varul, ‘always makes a solid impression’. Sven Papp recently advised Danske Bank in a transfer of shares to LHV Varahaldus, while founding partner Jüri Raidla assisted Trilini Energy with the acquisition, from Fortum and Gazprom, of a majority stake in Eesti Gaas.

The commercial, corporate and M&A team at Fort is jointly led by real estate head Minni-Triin Park, who has ‘impressive industry knowledge’, Kuldar-Jaan Torokoff, who is ‘very strong in disputes and transactional matters’, and finance partner Kirsti Pent, who adopts ‘a straight-to-the-point approach’. Rene Frolov and senior associate Katri Tšesnokov joined from Law Firm Varul, while senior associate Kätlin Kiudsoo was hired from Rask Attorneys-at-Law. Clients include Ergo Insurance and several real estate funds managed by EfTEN Capital. Torokoff assisted Digital Minds with its partial acquisition of Nortal in Estonia.

Sorainen’s ‘committed’ team includes co-head Karin Madisson and senior associate Juulika Aavik. Toomas Prangli assisted Livonia Partners with the acquisition of a majority stake in manufacturer Ha Serv and advised Rexel on selling its Baltic operations to Würth Group. Specialist counsel Kadri Kallas left for Law Firm Varul.

Advokaadiburoo Derling OU has expertise in the IT and telecoms, banking, insurance, logistics, transport and food industries. Rolan Jankelevitsh, Toomas Taube and Hannes Vallikivi are long-term advisers to Microsoft and its subsidiary Skype. Other clients include City Service, DSV and Nortal.

Eversheds Sutherland Ots & Co’s practice head Maivi Ots and associate Lauri Liivat advised waste-handling company Eesti Keskkonnateenused on its acquisition by BaltCap. The team also acts for companies such as Click & Grow and Nutiteq. Associate Maria Jotautas is another key contact.

Tark advises on setting up, incorporating and restructuring companies active across a range of industries. Marit Savi, the lead contact for this practice area, and Hannes Küün are key advisers to Rakuten’s subsidiary, Fits.Me. Savi and senior associate Tanel Küün acted for IK Investment Partners in its acquisition of infranet service provider NeTel from Axcel. The team also advised the Estonian Ministry of the Interior on the sale to INVL Technology of its shareholding in Andmevara.

TGS Baltic’s associate partner Sander Kärson and recent arrival Kadri Kallas, who joined from Sorainen, jointly head the practice. Kärson advised medical products developer Kevelt on entering into an asset purchase agreement with Xenetic Biosciences, while Leonid Tolstov assisted MC Kasiinod with the sale of four casinos to Olympic Casino Estonia, which was subject to merger clearance. Senior associate Marion Sahtel is another key contact.

Alterna’s corporate practice is led by ‘intelligent business lawyer’ Annika Vait and includes ‘hardworking and thorough strategist’ Siret Siilbek. The team is a key adviser to Alliance of Estonian Property Administrators and Maintenance on day-to-day matters. Ericsson Eesti and BS Invest are other clients.

Boutique firm Jesse & Kalaus Attorneys’ ‘strong team’ gives ‘practical and to-the-point answers’. Head of practice Piret Jesse is advising Ingman Group on all of its Estonian investments and M&A. Creative Union and Masa Invest are also clients. Tanel Kalaus has ‘detailed contract experience’.

The ‘fast and professional’ team at KPMG Legal Estonia is hardworking and delivers a ‘good-quality’ service. Managing partner Risto Agur, with senior associates Ronald Riistan and Kaia Kuusler, advised Voimatel on the acquisition of Nokia spin-off Boftel and also assisted Billerud Korsnäs with entering an agreement for joint ownership of measurement equipment in Pärnu Port.

At LinkLaw, Kairi Kurisoo is recommended for M&A, handling share transactions and the establishment of businesses, while attorney Kaarel Tammar is the contact for corporate and commercial matters. Associate Maksim Kozlov joined from GLIKMAN ALVIN in 2016.

Magnusson expanded its corporate and M&A team considerably with the hire of Elvira Tulvik from KPMG Legal Estonia and senior associate Karin Mölder from Law Firm Varul. Tulvik and of counsel Andres Vutt assisted Baltic Ticket Holding with the acquisition of shares from its Belorussian subsidiary, Biletik, while practice leader Jaanus Mägi advised new client StayCool on raising new capital and rearranging its corporate structure.

In Anne Veerpalu, Njord Law Firm hired ‘one of the best financial technology lawyers in Estonia’, who joined from Attela Advokaadibüroo to lead the practice following the departure of Timo Kullerkupp to Rask Attorneys-at-Law. Veerpalu, who has ‘good project management skills’, advised GoWorkABit on raising capital for seed financing and Veikko Toomere acted for DFDS in the acquisition of a shipping line. The firm also hired four associates in 2016.

Mariana Hagström and Marko Pikani head the corporate practice at newly founded Teder Law Firm. The team handles day-to-day matters for Ericsson Eesti as well as Eesti Loto. It also advised Rävala Kaheksa on contractual matters relating to the opening and operation of a shopping centre in Tallinn. Pille Pettai is another key contact.

Ain Alvin heads the ‘proactive and responsive team’ at GLIKMAN ALVIN, which includes the ‘valuable, insightful and business-minded’ Priit Raudsepp as well as Paul Keres, who is ‘excellent, notably in corporate litigation’. Corporate governance and M&A are other areas of expertise. Five lawyers left for Teder Law Firm.

Glimstedt regularly acts for technology and energy companies. Leho Pihkva assisted Vienna Insurance Group with its acquisition of BTA, while senior associate Ulla Helm advised ÁOA Gazprom on selling its shares in Eesti Gaas. Tax specialist Priit Lätt joined Advokaadibüroo PricewaterhouseCoopers Legal OÜ in 2017.

Leadell Pilv’s practice head Pirkka-Marja Põldvere and managing partner Aivar Pilv, who has ‘great knowledge and experience’, advised Saarek on corporate spin-off matters. Britta Oltjer has been advising Chemi-Pharm for almost a decade, assisting with agreements and shareholder procedures. Marko Pilv has good ‘attention to detail’.

Advokaadibüroo PricewaterhouseCoopers Legal OÜ’s ‘advantage is PWC’s integrated global network’. ‘Reliable’ senior associate Indrek Ergma, who has ‘good listening skills and gives sound advice’, is recommended for corporate and regulatory matters. He and managing partner Karl Paadam advise clients such as Henkel, Viking Line, OneMed and Tele2 Eesti. Senior associate Karen Root joined from KPMG Legal Estonia.

Rask Attorneys-at-Law acts for private equity and venture capital investors. Head of practice Ramon Rask assists BaltCap and its portfolio companies – such as MRO Magnetic, Energate and Unimed Grupp – on contractual matters, among other things. Associate Timo Kullerkupp joined from Njord Law Firm.

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Press releases

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Legal Developments worldwide

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    On 10 August 2017 the Luxembourg Stock Exchange announced that all domestic and foreign issuers operating on the regulated market (Bourse de Luxembourg) or on the multilateral trading facility (Euro MTF) of the Luxembourg Stock Exchange must provide their legal entity identifier (“LEI ”) codes to the Luxembourg Stock Exchange before 15 September 2017.
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    Amongst the numerous topics covered by the Markets in Financial Instruments Directive II (MiFID II), the European Securities and Markets Authority (ESMA) has decided to provide further guidance on the requirements regarding product governance through its guidelines dated 2 June 2017 which focus on the target market assessment by manufacturers and distributors of financial products.     
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    On 7 June 2017, the official ceremony for the signing of the multilateral instrument (“MLI”) took place bringing to a close a process initiated last year when a consensus was reached on the wording of the MLI on 24 November 2016 (see also our newsflash dated 2 December 2016, available on our website section Publications/Newsflash).
  • Arendt & Medernach: Luxembourg Law Firm of the Year

    Luxembourg, May 2017 – Arendt & Medernach is proud to have been named “Luxembourg Law firm of the year” both by Chambers & Partners and IFLR (International Financial Law Review). The prestigious trophies were both received in April in London at the respective ceremonies of the Chambers Europe Awards 2017 and the IFLR European Awards 2017.
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    In the UAE, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of “name lending”, by which is meant lending or providing other banking facilities to family or other private businesses, primarily on the strength of the “name” or “names” of the proprietors standing behind the business, rather than on the strength of the asset quality and underlying credit of the particular business. Of course, in practice, there is commercial overlap between the proprietors and the companies which they own, but the credit analyses can break down where poor banking practices and procedures result in poorly constructed legal documentation and gaps in guarantee and security support documents.

Press Releases worldwide

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