NJORD Law Firm > Tallinn, Estonia > Firm Profile

NJORD Law Firm

Estonia > Real estate and construction Tier 2

NJORD Law Firm has an internationally-oriented practice operating across the Baltic and Nordic countries. The team works alongside the firm’s litigation department to provide coverage on both non-contentious and contentious matters, and in recent years it has seen an increase in Japan-based clients seeking real estate investments in Estonia. Veikko Toomere focuses on restructuring Estonian construction companies and farms, while senior associate and head of the real estate department Jelizaveta Henno is noted for her advice to retailers on real estate development projects. Additionally, Karolina Ullman has niche expertise in helping Nordic clients seeking restitution for relatives’ property that was nationalised during the Soviet Union era.

Practice head(s):

Veikko Toomere; Jelizaveta Henno

Other key lawyers:

Key clients

GVP Invest Estonia OÜ

Stoneridge Electronics OÜ

Kirkcong Property OÜ

Sveafastigheter Fersen AB

BitofProperty OÜ

MBK Co., Ltd

Estonian Japan Trading Company AS

Cavotec Finland OY

TOP General Ltd (Ghana)

Invescore Japan Co., Ltd

Favor AS


Elister OÜ

Eskaro Aktsiaselts

Applex Law Firm

Altepark OÜ

Wihuri Oy

Danish Embassy in Estonia

Kirkcong Property OÜ

3p logistics OÜ

Boumer Consulting and Engineering OÜ

DLW Eesti OÜ

Huber Manser Family Office OÜ

Work highlights

  • Assisted Sveafastigheter Fersen AB in a cross-border reinvestment transaction with four Estonian commercial properties involved.
  • Assisted Kirkcong Property OÜ in developing the group’s new office building in Tallinn for the company’s 300 employees.
  • Advised Invescore Japan Co, Ltd through its subsidiary Alesco Ventures OÜ on investing into real estate and equity investments into Estonian start-ups.

Estonia > Commercial, corporate and M&A Tier 3

In the past few years NJORD Law Firm has seen an increase in transactional work in the commercial sphere, but it has a long history of advising on corporate, regulatory, and compliance matters for international clients based in Scandinavian countries, as well as other EU member states, Japan and Russia, all seeking to establish a presence in Estonia. Head of the M&A and corporate team Erik Salur focuses on the incorporation of and fundraising concerning start-ups, restructuring of established corporates as well as M&A. Karolina Ullman deals primarily with compliance but is also experienced in cross-border Swedish/Estonian M&A, while Veikko Toomere is an expert in corporate restructuring.

Practice head(s):

Erik Salur

Other key lawyers:

Key clients

MBK Co., Ltd (Japan) / Estonian Japan Trading Company AS (Estonia)


Manticore Labs OÜ (previously CoinField Ventures OÜ)

Eskaro Group AB, Eskaro AS (Estonia)

Work highlights

  • Assisted MBK Co. Ltd / Estonian Japan Trading Company AS in establishing the legal structure in Estonia with the intention of becoming listed on the Nasdaq Baltic First North alternative market.
  • Assisted Eskaro Group AB in the transaction where Flügger group A/S purchased 70% of the shares in Eskaro Group AB.
  • Advised media start-up IMEPILT AS with the corporate restructuring prior to its IPO on Nasdaq Baltic’s First North Growth Market together with LHV Bank.

Estonia > Dispute resolution Tier 3

NJORD Law Firm specialises in insurance, real estate, and construction disputes; however, it also represents clients in employment-related litigation. In recent years it has seen growth in white-collar and insurance-related litigation. Practice head Triinu Hiob deals with international arbitration and M&A-related cross-border disputes. Associate and dispute resolution expert Gerda Raag joined the team from FORT in January 2021.

Practice head(s):

Triinu Hiob

Other key lawyers:

Gerda Raag; Katrin Sarap


‘NJORD is extremely fast and communicative with us.’

‘Katrin Sarap is extremely objective, understands our needs and ideas, points out clearly the possibilities to move forward and responds quickly.’

‘NJORD’s team is led by Triinu Hiob who is an extraordinary attorney with remarkable expertise in the fields of insurance and arbitration.’

‘Very understanding firm in a market (Estonia) where it is not easy to find a highly skilled firm of international competence.’

‘Triinu Hiob is an experienced litigator with a sense for the ultimate business goal, not only the litigation / arbitration target, that the clients are pursuing. Wonderful team player and very sensitive to cultural differences. Always a pleasure to work with.’

‘Triinu Hiob is an exceptionally collegial lawyer with great knowledge of the law and ability to communicate all key points in a concise and to-the-point manner.’

Key clients

ERGO Insurance SE

Pärnu City Government

Polhus AB

EBS Campus OÜ

Dr Verner Fogel

Inchcape Motors AS

Estonian Insurance Association

Work highlights

  • Represented Pärnu City Government in a court dispute regarding the liability of a guardian appointed to an adult person with limited legal capacity.
  • Represented ERGO Insurance SE in the Supreme Court in a precedential case about the liability of apartment owners and of an apartment association.
  • Protecting a client’s rights in data protection-related proceedings.

Estonia > Employment Tier 3

NJORD Law Firm advises on general employment law, drafting complex contracts, reorganisations, and is experienced representing clients in employment-related dispute resolution, including work in accident and occupational disease-related disputes. The team also covers employee data protection and privacy matters and is particularly strong in cross-border employment law. Practice head Katrin Sarap is known for her work handling employment disputes. She also covers areas such as telecommuting and the hiring of foreign employees. Employment litigator Triinu Hiob focuses on terminations and employment relations, as well as work accident cases.

Practice head(s):

Katrin Sarap

Other key lawyers:


‘NJORD Law Firm is extremely professional, has a deep knowledge and variety of examples etc. Easy to communicate with and understands well our needs.’

‘Katrin Sarap is extremely professional, good at communication, and easy to get in contact.’

‘Njord is is a client-oriented practice. Every move they make, clients’ needs always seem to come first. They are flexible with billing and all about collaboration. For a start-up company I can appreciate it dearly.’

‘For years I have worked with Katrin Sarap on anything employment related. She is so reliable and available for anything we have that she almost feels like our company’s family member. Also she has the softest way to take care of the hardest problems. A remarkable lawyer and human being.’

Key clients

Estonian Business School SA

EBS Campus OÜ

Kim Johansen Transport OÜ

Royal Embassy of Sweden in Estonia

Inchcape Motors Estonia OÜ

Finscaff OÜ

Nevotex Narva OÜ

Imepilt AS

Danish Estonian Chamber of Commerce

Work highlights

  • Advised IMEPILT AS on various employment related matters including drafting employment contracts for internationally well-known actors that are voicing animated characters.
  • Advised Inchcape Motors Estonia OÜ in relation to employment law, including disputes.
  • Advised Imepilt AS on various employment related matters including drafting employment contracts for actors voicing animated characters.

Estonia > IP, IT and telecoms Tier 3

NJORD Law Firm primarily focuses on advising international IT companies and public sector clients on matters concerning counterfeited goods, trademark prosecution and blockchain regulatory issues as well as representing clients in IT/IP litigation. The team often advises universities, public sector organisations and government agencies, and fintech companies. IP and regulatory team leader Karolina Ullman is well versed in cryptocurrency and fintech matters, as well as general IP law. IT and data protection team head Liisi Jürgen specialises in health tech, consumer protection, and data protection matters.

Practice head(s):

Karolina Ullman; Liisi Jürgen

Key clients

Nortal AS

Digiotouch OÜ

Aktsiaselts Järvamaa Haigla

REVERON BALTIC OÜ (Dr. Verner Fogel)

Manticore Labs OÜ


Wihuri OÜ

osaühing Inchcape Motors Estonia

Imepilt AS

Tommy Hilfiger Licensing B.V.

Work highlights

  • Advised Nortal AS’s client on complex projects in the field of proactive e-services, e-ID and e-signing and e-authentication together with data protection and privacy knowledge.
  • Advised the Ministry of Social Affairs on an upcoming IT solution that will enable the use of genetic predisposition information and recommendations based on the patient’s consent for disease prevention and more effective medical treatments.
  • Assisted Woonkly with creating a platform for trading with NFT (non-fungible token) art.

Estonia > Banking, finance and capital markets Tier 4

NJORD Law Firm has established itself as a strong resource for Scandinavian and Japanese corporates seeking investment and extension of their operations into Estonia. The team also frequently engages in regulatory and compliance work, alternative investment fund management, and non-traditional banking and financing for crypto investment funds. Senior associate Virgi Nael leads on complex transactions on the lender side and risk management for non-traditional clients and Veikko Toomere handles banking and finance, capital markets, and fintech. The team was also bolstered by the arrival of senior associate Jaanus Sildam from Luminor Bank AS in April 2021 to advise on compliance, fintech, and cryptocurrency; new head of tax Medeia Japaridze joined from Cobalt in February 2021 and also lends her expertise in capital markets and drafting and negotiating option agreements.

Practice head(s):

Virgi Nael; Veikko Toomere

Other key lawyers:


‘Njord is a client-oriented partner. Every move they make, clients needs always seem to come first. They are flexible with billing and all about collaboration.’

Virgi Nael was our legal lead when we looked to list our company on Nasdaq alternative market. There wasn’t a problem she could not solve, there was not a time she was not available. A remarkable person and a remarkable lawyer.’

Key clients


MBK Co., Ltd (Japan)

Manticore Labs OÜ (previously CoinField Ventures OÜ)

Estonian Japan Trading Company AS (Estonia)

Willkie Farr & Gallagher LLP

Nexo Capital Inc

Mellius Ventures Ltd.

BCB Digital Limited

Alesco Ventures OÜ

Invescore Japan Co., Ltd

Swipelux OÜ

Jubiter Technology OÜ

StakeWise Labs OÜ

Yolo Investments OÜ

Eskaro Group AB (Sweden)

MAP S.Platis Group (Cyprus)

E-Advisors OÜ

360 Degrees Markets Ltd


Work highlights

  • Assisted the Tokyo stock exchange-listed Japanese corporation MBK Co., Ltd and its Estonian subsidiary Estonian Japan Trading Company AS in a structural establishment and IPO to Nasdaq First North.
  • Assisted IMEPILT AS with corporate restructuring and all the preparations prior to the IPO at Nasdaq Baltic’s First North Growth Market, together with LHV Bank.
  • Assisted Eskaro Group AB in the transaction where Flügger group A/S, a company listed at Copenhagen stock exchange is investing, acquired 70% of the shares in Eskaro Group AB.