At TEGOS (Formerly TGS Baltic), the ‘very professional’ team has ’a practical, business-focused approach and deep regulatory expertise’ and stands out for being ‘particularly strong in navigating complex licensing, AML/CFT, and fintech compliance matters’. The group is well-versed in representing international fund managers and prominent financial services entities in mandates. Bond issuance matters are another key area of instruction for the group. Practice head Kirsti Pent ’delivers pragmatic, business-oriented advice that reflects both a thorough understanding of Estonian law and the commercial realities facing clients operating in the Baltic region’. Olger Kaelep is very experienced in acting for credit institutions, fund managers and fintech companies.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- Partner Kirsti Pent is fully engaged and responds quickly. She keeps an eye on the bigger picture while also carefully checking details. She is proactive and results-oriented.
- We were very pleased with their work, especially their Estonian team. They were very professional and attentive!
- Partner Kirsti Pent distinguishes herself by delivering pragmatic, business-oriented advice that reflects both a thorough understanding of Estonian law and the commercial realities facing clients operating in the Baltic region.
- They were very responsive, and we trusted their advice. The English level at the Estonian team is great.
- The banking and finance team at TEGOS stands out for its practical, business-focused approach and deep regulatory expertise. They are particularly strong in navigating complex licensing, AML/CFT, and fintech compliance matters, offering advice that is both technically sound and commercially viable. What makes the practice unique is its responsiveness and ability to work as an extension of the in-house team—bringing clarity, structure, and momentum to projects that often involve regulatory uncertainty or time pressure. Their size is a strength: clients benefit from direct senior attention and streamlined collaboration, without losing depth or quality. Compared to larger firms, TEGOS delivers sharper focus and greater agility—especially valuable in the fast-moving finance sector.
- Tegos stands out for its combination of high-level legal expertise and a pragmatic, business-oriented approach. The team offers agility, partner attention, and the ability to deliver tailored advice in complex matters.
- For us, they are very professional and understandably take a customer-based approach, rather than simply offering a generic service. They take into account the specific characteristics of their customers.
- Kirsti Pent is a standout advisor in the banking and finance space. She combines deep regulatory knowledge with sharp commercial instinct, always providing advice that is clear, actionable, and aligned with our business goals. Kirsti doesn't just react—she anticipates challenges and adds real strategic value, especially in areas like AML, credit regulation, and fintech innovation. She’s collaborative, pragmatic, and exceptionally easy to work with. You always feel she’s on your side—thinking with you, not just for you.
- Commitment - the team is committed to delivering the desired result irrespective of the circumstances thrown at them. They advised us on a public bond issue and listing, and were able to get us successfully over the finish line in record time (as was also noted by Nasdaq).
- 'Commitment – the team is committed to delivering the desired result irrespective of the circumstances thrown at them.'
Key clients
- SEB Pank
- LHV Pank
- Nordic Investment Bank
- BaltCap
- Estateguru
- Crowdestate
- Tuleva
- Bondora Group
- Bonava AB
- Pro Kapital Grupp
- Bioforce
- Invego group
- Sunly
- Caterpillar Financial Services
- ERGO Insurance
- Tallinna Kaubamaja Group
- Eleving Group
- Finora Bank
- PRFoods
- Inclusion OÜ
Work highlights
Advised Bonava on the issuance of new secured bonds.
Advising Tuleva on applying for a fund manager licence for operating as a fund manager of a UCITS.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Kirsti Pent
Other key lawyers
Olger Kaelep