Triniti has advised Utilitas on its acquisition of the Paide and Valka district heating business from Enefit Green for EUR 15.8 million. TGS Baltic reportedly advised Enefit Green.
TGS Baltic Advises Environmental Investment Center on EUR 49 Million Hydrogen Deployment Measure
TGS Baltic has advised the Environmental Investment Center on developing a new support framework for the deployment of green hydrogen in the transport and industrial sectors in Estonia.
Pohla & Hallmagi Successful for SG Veteris on Virtual Currency License from Estonian Financial Intelligence Unit
Pohla & Hallmagi has successfully advised SG Veteris in obtaining a virtual currency service provider license from the Estonian Financial Intelligence Unit.
Estonia Is Looking Less Like Itself: A Buzz Interview with Ergo Blumfeldt of Triniti
From political gridlock to economic shifts, Estonia appears to be experiencing a number of challenges according to Triniti Managing Partner Ergo Blumfeldt, who reports unprecedented parliamentary obstructionism, a budgetary deficit prompting new tax laws, and a legal sector experiencing stagnant growth amid broader economic uncertainties.
Ellex Advises Culligan International on its Acquisition of Primo Water International
Ellex, working alongside Baker McKenzie, has advised Culligan International on its acquisition of Primo Water Corporation’s European business in an all-cash transaction valued at up to USD 575 million.
DPC Advises TPXImpact Holdings on Sale of Questers
Dimitrov, Petrov & Co has advised TPXImpact Holdings on the sale of its subsidiaries Questers Resourcing and Questers Bulgaria to Estonia-based software developer Nortal. Reportedly, Charles Russell Speechly and Konecna & Zacha advised Nortal.
Ellex Advises Tera Ventures on Leading EUR 755,000 Funding Round into Flowstep
Ellex Raidla has advised venture capital firm Tera Ventures on leading the EUR 755,000 pre-seed funding round into user experience library Flowstep. Specialist VC and several business angels joined the round.
TGS Baltic Advises TKM Finants in Obtaining Creditor's Activity License
TGS Baltic has advised TKM Finants on its successful application for a creditor's activity license from the Estonian Financial Supervision Authority for providing consumer credit services.
Changes in Value-Added Tax (VAT) and When Can the 20% Rate Continue to be Applied?
From January 1, 2024, the general VAT rate will increase from 20 percent to 22 percent.
Cobalt and TGS Baltic Advise on VKG Sale of VKG Elektrivorgud to Baltcap
Cobalt has advised VKG on the sale of the VKG Elektrivorgud electricity distribution company in Estonia to Baltcap. TGS Baltic advised BaltCap.
Marketing Emails with Consent or Without Consent – Legitimate or Unlawful Sales Tactics?
Sending marketing emails is an excellent way to increase sales. Those who don’t make sales don’t do business. However, a question arises as to whether this complies with strict data protection rules. It is known that the Data Protection Inspectorate is increasingly vigilant and imposes hefty fines for violations.
Ellex Advises Specialist VC on Leading EUR 380,000 Pre-Seed Investment Round for Gearbox Biosciences
Ellex Raidla has advised Specialist VC on leading the EUR 380,000 pre-seed investment round for Estonian biotechnology start-up Gearbox Biosciences. UniTartu Ventures also participated in the round.
Ellex Advises Skeleton Technologies on EUR 108 Million Funding Round
Ellex Raidla has advised energy storage technology company Skeleton Technologies on its EUR 108 million round with equity investors Siemens Financial Services and the Marubeni Corporation, among others.
Cobalt Advises Alexela on Purchase of Remaining 50% Stake in Rohe Solution from Haminan Energia
Cobalt has advised Alexela on the acquisition of the remaining 50% stake in Rohe Solution from Finland's Haminan Energia.
TGS Baltic and Triniti Advise on Hawesko Partnership with Dunker Group
TGS Baltic, working with Oppenhoff, has advised Hawesko on its partnership with the Dunker Group through the acquisition of 50% of Dunker Group's shares. Triniti advised Arkastro OU, the holding company of Dunker Group founder Arvo Kask, who sold his stake to Hawesko.
TGS Baltic and Ellex Advise on Paul-Tech's EUR 1.4 Million Seed Round with Superangel
TGS Baltic has advised agriculture technology startup Paul-Tech on its EUR 1.4 million seed round led by Estonian venture capital fund Superangel and including SmartCap, Honey Badger Capital, EstBAN, Tatoli AS, Overkill VC, and Swedish business angels. Ellex Raidla advised Superangel.
Cobalt Helps Monemon Obtain E-Money License from Estonian Financial Supervision and Resolution Authority
Cobalt has helped Tallinn-based Monemon obtain its e-money license from the Estonian Financial Supervision and Resolution Authority.
Real Estate Insurance – Five Overlooked Nuances
Most people clearly understand the need for insurance when renting or owning real estate. However, a common problem is knowing what to consider when insuring and what to look for or remember regarding insurance policy conditions when it has been signed and damage occurs. I’ll highlight five essential nuances often overlooked by companies and individuals when insuring their rented or personal real estate, drawing from my more than 25 years of experience in insurance law.