Cautious optimism defines the current mood in Estonia, as the country navigates modest economic growth alongside persistent geopolitical and regulatory uncertainty, according to Ellex Partner Gerli Kivisoo, who reports subdued investor activity, ongoing tax debates, capital market shifts, and a growing M&A pipeline that suggests momentum may be gradually returning.

Pohla & Hallmagi, working with Wikborg Rein, has advised Marine Energy Solutions on its acquisition of the PRIME oil tanker. Reed Smith reportedly advised the unidentified sellers.

Big law firms can coast on boring slogans. They’ve got the clout, the infrastructure, and the impressive list of past clients to do the talking. But if you’re a smaller firm and your website sounds like everyone else’s, you are disappearing into the beige background of legal marketing noise.

Sorainen has advised Digmatix on its acquisition of BCS Itera.

Sorainen has advised Wildix and its founders on Livonia Partners’ decision to increase its equity stake in the company.

Pohla & Hallmagi has advised SMH Group on the acquisition of the business of Tallinna Kommunlaateenused. Eversheds Sutherland reportedly advised the sellers.

The European Accessibility Act (EAA), approved in 2019, takes effect on June 28, 2025. The Act requires a wide range of products and services – such as consumer electronics, vending machines, websites, and mobile apps – to meet accessibility standards for people with disabilities.

TGS Baltic has advised SEB on the lease of its future Baltic headquarters in the Talsinki quarter of central Tallinn.

Sorainen has advised Estonian defence-technology startup Wayren on a EUR 7.9 million investment from the EFA Group. TGS Baltic advised the EFA Group.

Ellex has advised Finterest Eesti on obtaining a credit intermediary license from the Estonian Financial Supervision Authority.

Sorainen has advised Edel Offshore Wind on developing offshore wind farms in Estonia, including participation in the auctions for superficies licenses in the Liivi 1 and Liivi 2 sea areas.

TGS Baltic has advised 2C Ventures on leading a EUR 400,000 investment round in Esgrid that also saw the participation of Lemonade Stand, Startup Wise Guys, and Greenco Ventures.

CEE Legal Matters is proud to introduce the latest in our Comparative Guides series. This one focuses on Bribery & Corruption in CEE.

Contributed by Cobalt.

Sorainen has advised Eiffel Investment Group on a EUR 20 million debt financing provided by the Eiffel Energy Transition III fund to Envolve Capital.

TGS Baltic has successfully represented Neverhack Estonia in a dispute arising from the North Estonia Medical Centre’s Cybersecurity Services and Platform 2 public procurement.

TGS Baltic has advised Soldera on its approximately EUR 2.5 million investment round led by Nordic VC fund Lifeline Ventures.

Pohla & Hallmagi has advised Norway-based Karmsund Group on the acquisition of three production plots at Soodevahe industrial park as well as the Rail Baltic future maintenance center from Flebu Properties.