The Legal 500

Tark Grunte Sutkiene

ROOSIKRANTSI 2, 10119 TALLINN, ESTONIA
Tel:
Work +372 6 110 900
Fax:
Fax +372 6 110 911
Web:
www.tarkgruntesutkiene.com
Email:
Vilnius, Tartu, Tallinn, Riga

Estonia : Banking and finance

Within Banking and finance, Tark Grunte Sutkiene is a second tier firm,

Tark Grunte Sutkiene produces ‘a high level of service and excellent response times’, and has ‘a good reputation for distinguishing between commercial and legal issues’. The lawyers in the team are ‘important figures for restructuring complicated real estate finance structures’. The team recently advised FCE Bank on the financing of Ford dealerships in Estonia and also assisted Pohjola with a €90m senior term and revolving facility to Komas Group. Risto Vahimets and Andres Siigur ‘provide excellent advice and services’. Practice head Hannes Vallikivi is a member of the Board of the Estonian Bar Association.

Estonia : Corporate and M&A

Within Corporate and M&A, Tark Grunte Sutkiene is a first tier firm,

Arguably ‘the best in the Baltics’, Tark Grunte Sutkiene’s banking and finance team is ‘quick, honest and very experienced’. It is advising Neste Oil on the sale of its majority holding in AS Reola, Northern Europe’s largest oil refining and marketing company, to Alexela Group. Head of transactions, Risto Vahimets is arguably the ‘best in Tallinn and has a very good track record for making deals happen’. Toomas Taube, head of the commercial and corporate team, is also recommended.

Estonia : Dispute resolution

Within Dispute resolution, Tark Grunte Sutkiene is a second tier firm,

Tark Grunte Sutkiene’s team has ‘extensive expertise’. Margo Lemetti recently represented the city of Tartu in various planning, construction and public procurement disputes. Lemetti has ‘experience in resolving disputes and the ability to respond quickly to requests’. Erki Kergandberg is also recommended.

Estonia : EU and competition

Within EU and competition, Tark Grunte Sutkiene is a first tier firm,

Tark Grunte Sutkiene has ‘an excellent competition law practice’ with ‘talented lawyers who can give valuable advice to customers’. The team advised Transiidikeskuse AS and its former subsidiary Muuga CT on notifying the European Commission of illegal state aid in the transport sector in Estonia, and is representing both companies in subsequent EC proceedings. Department head Rene Frolov is ‘a smart and energetic rising star in Estonian competition law’. Associate Tanel Tark ‘has a good eye and always knows the correct way to proceed’.

Estonia : IP, IT and telecoms

Within IP, IT and telecoms, Tark Grunte Sutkiene is a first tier firm,

Tark Grunte Sutkiene’s ‘many experienced lawyers’ have ‘a wide overview and always discuss the matters together in order to get the best outcome’. The team assists clients such as Hewlett-Packard, which the firm is representing in several trade mark infringement and customs interception matters in Estonia. It is also acting for Easy Group in a trade mark dispute. Practice head Toomas Taube is ‘very reasonable, business-oriented and provides good value for money’.

Estonia : Real estate and construction

Within Real estate and construction, Tark Grunte Sutkiene is a first tier firm,

Tark Grunte Sutkiene acts on some of the largest real estate transactions in the Baltics. The team is assisting Katoen Natie, a global logistics company, with negotiating and acquiring land in Muuga Harbour for the purpose of building the largest logistics centre in Estonia, as well as on related construction contracts. Other clients include Arco Vara, Capital Mill, E.L.L. Kinnisvara AS, HSH Nordbank, Pro Kapital, and Unicredit Bank. Practice head Risto Vahimets is ‘a hugely capable real estate expert’.

Estonia : Shipping and transport

Within Shipping and transport, Tark Grunte Sutkiene is a second tier firm,

Tark Grunte Sutkiene represented DSV Transport AS in a dispute relating to the contract of carriage. Other clients include Bambona AS, a major Estonian distributor of fruit and vegetables; Ecoval Dairy Trade; and major logistics firms such as HAVI Logistics OÜ and Katoen Natie. Toomas Taube is the key contact.

Estonia : Tax

Within Tax, Tark Grunte Sutkiene is a second tier firm,

Tark Grunte Sutkiene advised Nortal, a leading Estonian IT software developer, on devising an international employee stock option plan, including comprehensive advice on domestic and international tax issues. Rolan Jankelevitsh and Aidi Kallavus ‘are particularly good and very experienced in tax law’.


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.