The Legal 500

MAQS Law Firm

ROTERMANNI 8, 10111 TALLINN, ESTONIA

What we say about the firm's legal practice in Estonia

Banking and finance

Within Banking and finance , MAQS Law Firm is a third tier firm,

MAQS Law Firm’s Veikko Toomere has been advising on the financial restructuring of Väätsa Agro, while Kaimo Räppo is leading advice on the financing and security issues of real estate development project Solaris Keskus. Clients appreciate the firm’s ‘good international competence’.

Corporate and M&A

Within Corporate and M&A , MAQS Law Firm is a second tier firm,

Karolina Ullman at MAQS Law Firm is consistently picked out for her ‘quick and well-analysed answers’. Recent transactions include acting for Swedish Markisol Holdings on the purchase of part of Kreenholm Valduse’s textile business via an Estonian joint venture. Practice head Veikko Toomere is ‘without doubt an excellent lawyer’, and the ‘efficient’ Evelin Pärn-Lee also stands out.

Dispute resolution

Within Dispute resolution , MAQS Law Firm is a second tier firm,

MAQS Law Firm provides an ‘excellent level of service’, and is advising on contentious issues amid intense media scrutiny arising from the restructuring of dairy farm Väätsa Agro, and continues to act for Allied Irish Banks’ Estonian branch in numerous court actions against debtors. Ene Mõtte heads the team.

EU and competition

Within EU and competition , MAQS Law Firm is a second tier firm,

The international reach of MAQS Law Firm is a selling point for cross-border competition work, including merger control, cartel and abuse of dominant position cases. Evelin Pärn-Lee is ‘very accurate’ and ‘dedicated to her customers’.

IP, IT and telecoms

Within IP, IT and telecoms, MAQS Law Firm is a second tier firm,

MAQS Law Firm’s clients include Coca-Cola and Siemens, and it is advising Tallinn Black Nights Film Festival on creating an online market portal, used by Estonian and international film foundations to present local films. The IP and technology practices are led by Karolina Ullman and Evelin Pärn-Lee, respectively.

Real estate and construction

Within Real estate and construction, MAQS Law Firm is a second tier firm,

MAQS Law Firm’s clients include Nordic real estate group Sveafastigheter, and state-owned care home service provider Hoolekandeteenused; the team advised the latter on a €22m construction of new homes for the disabled. Siim Roode provides ‘pertinent and appropriate advice’.

Shipping and transport

Within Shipping and transport, MAQS Law Firm is a second tier firm,

MAQS Law Firm’s clients include a domestic logistics and transport enterprise, a multinational transportation company, and a shipping company; it is advising the latter on a recent collision in an Estonian harbour.

Tax

Within Tax, MAQS Law Firm is a second tier firm,

Kaimo Räppo heads the tax, banking and finance group at MAQS Law Firm, which advises local and foreign clients on cross-border tax structuring and acts in disputes with the Estonian tax authorities. The firm successfully acted for Estonia’s FunExpress.ee in a VAT clawback action following appeal.


Legal Developments in Estonia

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Estonia allows claiming punitive damages

    On 31st December 2010 amendments to the Law Obligations Act (hereinafter LOA) came into force in Estonia, introducing the regulation allowing claiming punitive and preventive damages. Though the new regulation allows exemplary damages to be awarded only in the event of non-proprietary damages, it nevertheless constitutes a general paradigm shift, allowing for a much broader protection of personal rights.
  • Review of reorganisation proceedings in Estonia

    Until the adoption of Reorganisation Act Estonian legislation did not provide efficient regulation for companies which were in temporary financial difficulties, but could be “rescued” via certain turn-around proceedings to overcome the economically difficult period.  
  • New Estonian Advertising Act

    New Advertising Act has entered into force from 1st of November 2008. The main reason for drafting the new Act was the current situation in the advertising market – the legal regulation of the Advertising Act passed in 1997 needed to be modernized. Requirements for advertising goods and services, which are likely to cause controversy in the society, have been specified. Additional restrictions have been provided for advertising of alcohol products and financial services, while exemptions have been added to the advertising regulation of tobacco products and gambling. The efficiency of surveillance has been improved and additional measures have been taken. Consistency with the EU law is important in order to avoid discrimination of foreign manufacturers and service providers. Drafting a new act was expedient, whereas extensive amendments were to be made to the current legal regulation of advertising.
  • Division of the company as the joint property between the spouses

    The Civil Chamber of the Estonian Supreme Court has thoroughly handled the topics of division of joint property, repeated some earlier principles and given the clear instruction in the proceeding of division of the joint property of spouses in the question of assessment of the value of the company.
  • Estonian Supreme Court on the tax avoidance rules in share transfers

    The Estonian Supreme Court handled the taxation of the earnings of the physical persons through the application of the rule of economic interpretation (Taxation Act § 84) in its decision of 6 November 2008. In this case the Supreme Court gave the instructions which circumstances are important for establishing the existence of the objective of tax evasion. This is a significant decision in the cases of transfer of securities, where the tax authority has found that the substance and form of the transaction are not in compliance and in no doubt will have its impact to assessing the tax consequences of corporate restructurings.