Twitter Logo Youtube Circle Icon LinkedIn Icon

Estonia

Estonia > Legal market overview > Law firm and leading lawyer rankings

Editorial

Who Represents Who

Find out which law firms are representing which Legal market overview 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

Estonia has an active financial sector, in which Scandinavian institutions dominate traditional banking. As such, the merger between Nordea Bank and DNB was a key market development. The country has a growing start-up business sector, which is prompting an economic shift away from traditional credit financing and towards venture capital as well as crowdfunding. The local fintech space is also buoyant, attracting interest from foreign investors. The Estonian government is looking to keep pace with these developments by planning an audit of its commercial legislation.

Estonia is implementing new EU directives into its Public Procurement Act and is also adopting a more aggressive approach towards condemning corruption, fraud, cartels and unfair competition. Combined with the concentrated nature of the Estonian market, these developments have spurred white-collar crime and antitrust disputes.

The real estate and construction sector experienced an increase in developments and transactions, resulting from a particularly high demand for retail, office and residential properties. Transport was another area of activity. The Estonian ferry business was effectively nationalised when the state-owned ferry operator Port of Tallinn beat a private company in a domestic ferry service tender. Additionally, the latest Rail Baltica project agreement was signed by government and railway organisations from the three Baltic countries, moving forward the construction of a three-way infrastructure connecting the Baltics with Poland and Germany.

In April 2016, Tark Grunte Sutkiene / Varul underwent a significant restructuring, which resulted in a merger between legacy firms Varul and Tark Grunte Sutkiene, as well as a loose cooperation with the law firm Tark. Moreover, Derling, headed by Hannes Vallikivi, split off from the original Tark Grunte Sutkiene and now functions as an independent law firm. There were further spin-offs, with Indrek Teder leaving Glikman Alvin & Partners to found Teder Law Firm and former Sorainen partners Urmas Volens, Andrus Kattel, Veikko Puolakainen and Kristjan Tamm establishing boutique firm Nove. Due to its new partnerships in Latvia and Lithuania, Aivar Pilv Law Office rebranded itself as Leadell Pilv.

Interview with...

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

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 comparative guides

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

Select Practice Area

GC Powerlist -
Europe

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
  • New requirement for all issuers operating on the Luxembourg Stock Exchange

    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.
  • Luxembourg law on the exploration and use of space resources entered into force

    The Luxembourg law on the exploration and use of space resources of 20 July 2017 entered into force on 2 August 2017 and placed Luxembourg among the most innovative space-oriented nations in the world.
  • VAT in the GCC – Q&A updates from the UAE Ministry of Finance

    On 9 July the United Arab Emirates (UAE) Ministry of Finance (MOF) published an update of the Value Added Tax (VAT) FAQ section of its website.
  • PRIIPs KID: The final pieces of the puzzle

    The pieces of the puzzle are finally falling into place. The long-awaited level 3 and 4 measures have been published earlier this week, half a year before the PRIIPs KID becomes compulsory.
  • MiFID II: Further guidance on product governance requirements

    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.     
  • Arendt & Medernach is again the “Luxembourg Tax Firm of the Year”

    The partners of Arendt & Medernach are pleased to announce that their firm has been awarded once again the prestigious “Luxembourg Tax Firm of the Year” title during the International Tax Review’s European Tax Awards ceremony held at the Savoy Hotel in London on 18 May.
  • Signature of the Multilateral instrument – reservations made by Luxembourg

    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 www.arendt.com 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.
  • First VAT EU case law on the cost-sharing VAT exemption

    The question of the scope of the cost-sharing VAT exemption, also referred to in the Council Directive 2006/112/EC of 28 November 2006 as amended ("EU VAT Directive") as “Independent Groups of Persons” or “IGPs”, is currently being debated at the Court of Justice of the EU (“CJEU”) in several cases. Last Thursday marked the first milestone regarding this specific VAT exemption since the CJEU released its judgment in the case Commission v Luxembourg (C-274/15).
  • An Introduction to Corporate Guarantee

    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

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