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The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
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Estonia > Banking, finance and capital markets > Law firm and leading lawyer rankings

Editorial

Index of tables

  1. Banking, finance and capital markets
  2. Leading individuals: Hall of Fame
  3. Leading individuals
  4. Next Generation Partners

Leading individuals: Hall of Fame

  1. 1
    • Raino Paron - Ellex

Leading individuals

  1. 1
    • Reimo Hammerberg - Sorainen
    • Marina Kotkas - Cobalt
    • Kristel Raidla-Talur - Cobalt
    • Andres Siigur - Derling Primus
    • Hannes Vallikivi - Derling Primus

Next Generation Partners

  1. 1
    • Jane Eesp√Ķld - Sorainen
    • Marko Kairjak - TGS Baltic
    • Kristjan Kotkas - Cobalt
    • Tanel K√ľ√ľn - TARK
    • Lauri Liivat - Advokaadib√ľroo KPMG Law
    • Gerly L√Ķhmus - Ellex
    • Martin M√§esalu - Ellex
    • Kirsti Pent - FORT

Who Represents Who

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Cobalt¬†recently advised Morgan Stanley on its ‚ā¨228m financing of Odyssey Europe's acquisition of Olympic Entertainment Group, and acted as local counsel on the ‚ā¨147m IPO of the Port of Tallinn. The 'results-oriented' Marina Kotkas¬†and Kristel Raidla-Talur¬†jointly¬†head the 'very motivated'¬†practice, which also includes Kristjan Kotkas. Other clients include the European Bank for Reconstruction and Development and Karma Ventures; the team advised the latter on several investments into Estonian start ups.

Raino Paron¬†heads Ellex's banking and finance practice, which recently advised Luminor Bank on its first bond issue worth ‚ā¨65m. Following the firm's merger with Primus' Estonian office, the team has added two new partners in Gerli Kilusk¬†and Ermo Kosk.¬†Other key clients for the firm include Inbank, Eesti Energia and Olympic Entertainment Group, which the firm advised on its recent delisting from Nasdaq Tallinn following a takeover by Odyssey Europe. Gerly L√Ķhmus¬†and Martin M√§esalu¬†are also recommended.

Reimo Hammerberg¬†heads the¬†'great to work with' and 'responsive' banking, finance and insurance practice group at Sorainen, which has been involved in many of the market's largest matters. The firm recently advised fund manager Northern Horizon Capital on the secondary public offering of the Baltic Horizon Fund and assisted Elering with its ‚ā¨225m eurobond issue. Other recent work includes providing a regulatory opinion to the Estonian Ministry of Finance as part of a capital markets diagnostic project. Other key clients include Nordea Bank and Windoor.¬†Senior associate¬†Jane Eesp√Ķld¬†is also recommended. The firm expanded its regulatory capacity with the arrival of associate¬†Tea Lindorg¬†from Swedbank.

Derling Primus recently advised the Estonian Banking Association on Estonia's first covered bonds act. Andres Siigur heads the team, and recently advised a consumer credit provider on the implementation of new anti money laundering directives. Hannes Vallikivi recently assisted the minority shareholders of Olympic Entertainment Group with Novira Capital's takeover and the delisting of the company. Other key clients include Swedbank, East Capital and Invesco.

Kirsti Pent¬†heads the banking and finance practice at FORT, which recently advised Mogo Finance on its ‚ā¨50m bond issue, where the firm's pan-Baltic capabilities were crucial. Pent also recently assisted with the establishment of Tuleva, a passively managed pension fund that was the first of its kind in Estonia. Other key clients include Elisa and Admiral Markets.

TGS Baltic¬†recently advised Novaturas on its ‚ā¨22m¬†IPO in conjunction with the firm's Vilnius office. Practice head¬†Marko Kairjak¬†recently advised Endover on term sheet negotiations with CVI Dom Maklerski. The group's experience in crowdfunding was again evident, with the firm advising Argeld on setting up its real estate crowdfunding platform and related refinancing matters. Other key clients include EstateGuru and TavexWise.

Eversheds Sutherland Ots & Co¬†recently advised √úhinenud Inglid¬†on establishing a limited partnership alternative investment fund in Estonia. The practice is headed by Maivi Ots,¬†Tarmo Repp, and Risto R√ľ√ľtel;¬†R√ľ√ľtel leads the firm's advice to clients in the crypto market. Recent highlights include advising¬†Korelya Capital on its investment into Taxify.¬†Other key clients include KIT Finance Estonia and Trind Ventures. Lauri Liivat¬†is now with¬†Advokaadib√ľroo KPMG Law.

Advokaadib√ľroo KPMG Law¬†is advising on the liquidation of Versobank, which the group is handling in connection with the business' other service lines. 'Good expert' Risto Agur¬†heads the team, which recently added three lawyers from in-house positions in the banking sector. Veiko-Joel Kokk recently departed the firm for an in-house position.¬†Ecoinomic¬†is a key client for the firm, along with Landsbankinn, which the firm advised on several transactions. Lauri Liivat¬†was a new arrival from¬†Eversheds Sutherland Ots & Co.

Advokaadib√ľroo PricewaterhouseCoopers Legal O√ú's banking and finance team recently advised Bondora on its planned expansion into other EU jurisdictions. Practice head Viljar K√§hari¬†recently assisted Porto Franco with three pre-syndicate¬†mezzanine financing transactions with a total value of ‚ā¨50m. Senior associate Hetti Lump¬†is also recommended. Other key clients include Ferratum Group and Pipedrive.

At RASK Attorneys-at-Law, the 'always available' attorney-at-law Timo Kullerkupp heads the practice, which is notable for its 'precise' advice and 'quick responses'. Ramon Rask recently advised Digital Sputnik on securing new funding for a business expansion from several industry-leading companies. The group also assisted state investment fund manager SmartCap with the restructuring of the Estonian Development Fund. Other key clients include Magnetic MRO and Arealis.

NJORD Law Firm primarily acts for clients in the fintech and crypto markets, having advised on upwards of 20 initial coin offerings (ICO). The group also recently advised Taxify investor Peaksjah on a new investment into the company by another party. Veikko Toomere heads the practice and Anne Veerpalu is noted for ICO work. Other key clients include Kopikas Entertainment and Fundwise.

TARK¬†recently advised new client Krimen on obtaining new financing from Ukranian and US sources, as well as restructuring one of its loans. Allar Aru¬†and Hannes K√ľ√ľn¬†¬†head the practice, and newly promoted partner Tanel K√ľ√ľn¬†is also recommended. Other key clients include the European Bank of Restructuring and Development, as well as longstanding client the Central Bank of Estonia.

Triniti's banking and finance practice is led by Ergo Blumfeldt, who is supported by senior associate Katri Tomson. The firm is noted for its considerable knowledge in the transport sector.

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