The Legal 500

Law Firm VARUL

ADMIRAL HOUSE, AHTRI 6A, 10151 TALLINN, ESTONIA
Tel:
Work +372 626 4300
Fax:
Fax +372 626 4306
Email:
Web:
www.varul.com
Vilnius, Tartu, Tallinn, Riga

Estonia

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 2

Varul, Law Firm

At Law Firm Varul, newly promoted partner Marko Kairjak has taken over as practice head from Ants Mailend, and has expertise in investment funds and private equity, among other areas. Highlights included representing Swedbank in bankruptcy proceedings against Alberta Trade and related litigation to recover $19.5m; and advising Timo Houses on refinancing matters, such as obtaining mezzanine investments.

[back to top]

Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 3

Varul, Law Firm

Law Firm Varul recently advised Kevelt on concluding contracts with US and German counterparties, in order to transfer a clinical trial to new service providers. The practice is co-headed by Ants Mailend and senior associate Sander Kärson, who is ‘solution-oriented’. Martin Tamme is highly regarded.

[back to top]

Dispute resolution
Dispute resolution - ranked: tier 2

Varul, Law Firm

Department head Paul Varul, Ants Mailend and Helmut Pikmets are the main contacts at Law Firm Varul, with senior associate Kristina Laarmaa also recommended. The firm represented Rimi Eesti Food in Supreme Court proceedings against a former employee related to alleged corrupt practices. Marko Kairjak was promoted to partner, and senior associate Martti Peetsalu joined from Glimstedt.

[back to top]

EU and competition
EU and competition - ranked: tier 2

Varul, Law Firm

Law Firm Varul represented the Estonian Pharmacies Association in European Commission proceedings regarding illegal state aid allegedly given to Yliopiston Apteekki by the Republic of Finland. Vaido Põldoja’s team takes ‘a strong legal position’, with senior associate Triinu Järviste singled out for praise.

[back to top]

IP, IT and telecoms
IP, IT and telecoms - ranked: tier 2

Varul, Law Firm

Law Firm Varul represented Estonian composer Veljo Tormis in a plagiarism dispute against BBC Worldwide, See-Saw Films and composer Mark Bradshaw, concerning the use of a song in the Top of the Lake soundtrack. Department head Ants Mailend also advised Cybernetica, which is working with the Republic of Estonia on developing software for public e-services.

[back to top]

Real estate and construction
Real estate and construction - ranked: tier 1

Varul, Law Firm

Law Firm Varulranks among the best firms’, and covers large-scale development projects, property acquisitions and litigation, among other areas. Martin Tamme heads the practice, which includes senior associate Kristina Laarmaa, who is ‘a real pleasure to work with’. Tamme advised Timo Houses on its entry into the Swedish and Norwegian markets, while Laarmaa represented Pärnu City in public procurement proceedings against bidders regarding the construction of Pärnu Stadium. Leonid Tolstov is the main contact in the Tartu office.

[back to top]

Shipping and transport
Shipping and transport - ranked: tier 1

Varul, Law Firm

At Law Firm Varul, practice head Martin Tamme advised on the shipping elements of Tallink’s Supreme Court dispute with Aldar Eesti, which centred on excise duty on packaging and potentially unlawful state aid relating to this. The team was bolstered by the arrival of senior associate Martti Peetsalu from Glimstedt.

[back to top]

Tax
Tax - ranked: tier 1

Varul, Law Firm

At Law Firm Varul, ‘very experienced’ practice head Helmut Pikmets represented Amalfi in an income tax dispute against the tax authority, and acted for the Estonian branch of Nordea Bank Finland in a dispute over the taxation of transactions between the branch and its parent company.

Leading individuals

Helmut Pikmets - Law Firm Varul

[back to top]


Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 27 April 2016: Greatbatch/INTEGER

    Following completion of the acquisition of the Lake Region Medical groupe by Greatbatch, Inc. and the renaming of Lake Region Medical into INTEGER, Greatbatch contributed in multiple capital increases own shares to Swiss-based P Medical Holding AG/INTEGER (Switzerland) GmbH, which were swapped against shares in the Irish-based Lake Region Medical Holdings Limited. The transaction was completed by a down-stream merger of P Medical Holding AG into its subsidiary INTEGER (Switzerland) GmbH.
  • Liability Management Exercise of International Container Terminal Services, Inc. and affiliates

    SyCipLaw acted as Philippine counsel for the dealers, Citigroup Global Markets Limited and Hong Kong and Shanghai Banking Corporation in a back-to-back tender offer of perpetual securities and issuance of new perpetual securities.
  • New China Customs Taxation Policy on Cross-Border B2C E-Commerce Imports

    The Ministry of Finance, General Administration of Customs and State Administration of Taxation of China jointly issued a circular (“Joint Circular ”) relating to the taxation policy on the cross-border e-commerce retailing imports, with effect as from April 8, 2016.
  • Philippine Competition Commission Issues Transitory Rules for Mergers and Acquisition

    On February 12, 2016, the recently constituted Philippine Competition Commission (“PCC”), which was created under the Philippine Competition Act (Republic Act 10667 or the “PCA”), issued Memorandum Circular No. 16-001, Series of 2016 (the “Transitory Rules”), which provides for the transitory rules and guidelines relating to mergers and acquisitions that were, or are to be, executed or otherwise implemented after the effectivity of the PCA on August 8, 2015 but before the effectivity of its implementing rules and regulations (the “PCA IRR”). Given the special nature of transactions effected through the Philippine Stock Exchange, the Transitory Rules will not cover such transactions and will be covered by a separate issuance by the PCC.
  • Financing for the Mactan Cebu International Airport

    SyCipLaw acted as Philippine counsel to a syndicate of Philippine banks (composed of BDO Unibank, Inc., Bank of the Philippine Islands, Development Bank of the Philippines, Land Bank of the Philippines, Metropolitan Bank & Trust Company and Philippine National Bank) and Asian Development Bank for the financing of the rehabilitation and development of the Mactan Cebu International Airport that was awarded by the DOTC and the MCIAA under the private-public partnership program of the government to the consortium between Megawide Construction Corporation and GMR Infrastructure. The financing is composed of (1) Php20 Billion (approx. US$446,773,200) commitment of the Philippines syndicate banks and (2) US$75 Million commitment of ADB.
  • Philippine Competition Commission Issues Transitory Rules on PSE-related Mergers and Acquisitions

    On February 16, 2016, the recently constituted Philippine Competition Commission (“PCC”), which was created under the Philippine Competition Act (Republic Act 10667 or the “PCA”), issued Memorandum Circular No. 16-002, Series of 2016 (the “PSE Transitory Rules”), which provides for the transitory rules and guidelines relating to mergers and acquisitions that were, or are to be, executed or otherwise implemented through the Philippine Stock Exchange (“PSE”) and after the effectivity of the PCA on August 8, 2015 but before the effectivity of its implementing rules and regulations (the “PCA IRR”).
  • 2016: Insurance regulation in Asia Pacific – Ten things to know about 20 countries

    SyCipLaw contributed the Philippine Chapter of the 2016: Insurance Regulation in Asia Pacific – Ten things to know about 20 countries published by Norton Rose. The 2016 edition of the summary guide provides an overview and practical checklist of ten common regulatory issues for insurance companies. The Philippine chapter was contributed by SyCipLaw partner Hiyasmin H. Lapitan.
  • Predictive Coding Software in the E-Disclosure Process Approved by English Court

    In the recent case of Pyrrho Investments Limited and another v MWB Property Limited and others [2016] EWHC 256 (Ch), the High Court of England and Wales approved the use of predictive coding software in electronic discovery.
  • Enabling the Business of Agriculture 2016

    SyCipLaw Partners Rose Marie M. King-Dominguez and Franco Aristotle G. Larcina, with support from Senior Associate Ruben P. Acebedo II, participated in the World Bank Group’s Enabling the Business of Agriculture 2016: Comparing regulatory good practices. The report examines regulations that impact private enterprise in the agriculture and agribusiness sectors. The report aims to promote smart regulations that ensure safety and quality control, as well as efficient regulatory processes, that support thriving agribusinesses.
  • April 2016: Mövenpick invests in imported wine wholesaler Cheers in China

    Hospitality and food service industry company Mövenpick invests in Chinese wine wholesaler Cheers by acquiring a strategic stake. Cheers has 30 branch offices in the greater Beijing area and currently generates annual revenues of roughly three million Swiss francs. Mövenpick is a Swiss group of companies with global presence. Its core competency lies in the hospitality business, with a focus on gastronomy, hotels, wine and premium branded products.