Sorainen

M&A and Private Equity, Real Estate & Construction, Tax

Partner, head of Real Estate & Construction in Estonia.

As head of the firm’s Real Estate & Construction practice in Estonia, Paul Künnap also has an extensive background in handling M&A and tax cases. He is deeply interested in developments taking place in society and seek to make Estonia an increasingly favourable environment for business. He expect that the government should trust its people and in legislation follow the principle that laws are made primarily for decent citizens.

𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝘂𝗽 𝘁𝗵𝗲 𝗰𝗼𝘂𝗻𝘁𝗿𝘆. Having been with the firm since 1998, Paul has closely followed the development of the region’s real estate market. He most enjoys working on projects that seek to lay foundation to new things, such as forward-looking real estate and development projects.

𝗔𝗱𝘃𝗶𝘀𝗶𝗻𝗴 𝗺𝗼𝗻𝘂𝗺𝗲𝗻𝘁𝗮𝗹 𝗱𝗲𝗮𝗹𝘀. Paul has been involved in several landmark deals such as advising Citycon during the acquisition of the Kristiine Shopping Centre. This 100 million euro-plus transaction remains Estonia’s second largest real estate M&A deal to date. Another exciting project is advising the FinEst Bay Area project, which aims to build a tunnel uniting Estonia and Finland.

𝗙𝗶𝗻𝗻𝗶𝘀𝗵 𝗲𝘅𝗽𝗲𝗿𝘁. Having studied and practised law in Finland, Paul Künnap also has comprehensive understanding of Finnish laws and how things are done in Finland. He has conducted transactions in Finland, and also has plenty of experience communicating with the Finnish Tax Administration on behalf of Estonian companies. For five years, from 2000-2005, Paul headed Sorainen’s Finnish office to act as liaison between the two countries.

Estonian, English, Finnish, Swedish

Estonian Bar Association

Concordia International University, Estonia (BA in Law / officially equivalent to MA)