Legal500

RAIDLA LEJINS & NORCOUS

ROOSIKRANTSI 2, 10119 TALLINN, ESTONIA

Tel:: Work +372 6 407 170
Fax:: Fax +372 6 407 171

Web:: www.rln.ee
Email:

Vilnius, Tallinn, Riga

The firm

Raidla Lejins & Norcous is one of the largest law firms in Estonia, established in 1993. The team of 34 lawyers in Estonia and over 100 across the Baltic countries has profound experience in various business sectors and legal areas.

The firm has extensive experience advising international clients on their transactions in Estonia, as well as Estonian clients on their transactions abroad. Furthermore, the firm practices a policy of hiring lawyers who have been trained abroad after graduating from Estonian law schools. As a result, it has one of the highest numbers of foreign-trained lawyers amongst Estonian law firms.

Raidla Lejins & Norcous is a member of a leading law firm alliance in Northern Europe – the RR Alliance. The alliance has approximately 250 lawyers in five jurisdictions, and includes Roschier in Finland and in Sweden, and Raidla Lejins & Norcous firms in Estonia, Latvia and Lithuania.

Raidla Lejins & Norcous also has long-term professional relationship with leading law firms in the UK, the US and Nordic countries.

Awards 2011: Financial Times and Mergermarket named Raidla Lejins & Norcous ‘Legal Adviser of the Year in the Baltics’ 2011.

Areas of practice

The firm’s practice covers all areas of business law, including mergers and acquisitions, corporate advisory, dispute resolution, project finance, competition, telecoms and e-commerce, real estate and construction, banking and finance, public procurement, intellectual property, IT and employment law.

Over the past decade, the firm has been involved in nearly all significant M&A and financial transactions and major disputes that have taken place in Estonia.

For each matter, a team of industry-specialised lawyers is compiled to provide the most efficient and innovative solutions. The firm’s core values reflect utmost attention to responsiveness, dedication, efficiency and care for clients in all aspects of its work.

Clients: international clients include large multinational corporations, banks, investment banks, investment funds, insurance companies, international organisations and development banks, foreign governments and embassies.

Contacts
Toomas Vaher (managing partner)
Jüri Raidla (senior partner)

Languages
English
Estonian
Finnish
French
German
Russian

Other offices
Helsinki
Riga
Stockholm
Vilnius

International groupings
RR Alliance
International Bar Association
Ius Laboris, Global Human Resources Lawyers
International Association of Young Lawyers
Meritas
International Intellectual Property Alliance
European Corporate Governance Institute

Number of lawyers 34

Above material supplied by RAIDLA LEJINS & NORCOUS.

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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.

- Concordia Attorneys at Law
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.

- Concordia Attorneys at Law
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.

- Concordia Attorneys at Law
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.

- Concordia Attorneys at Law
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.

- Concordia Attorneys at Law