On August 1, 2024, the Artificial Intelligence Act (Regulation (EU) 2024/1689, AI Act) came into effect, establishing several regulations concerning artificial intelligence systems within the European Union. Although the regulation is already in force, its requirements will gradually come into effect: the first deadlines are set for February and August 2025, while most of the requirements will apply starting August 2, 2026.

Ellex, working with Allen Overy Shearman Sterling, has advised Adven on the renewal of its financing platform by raising EUR 675 million.

Ellex has advised Enefit Green on a partnership with Sumitomo Corporation to develop the Liivi Bay offshore wind farm in the Gulf of Riga.

Walless has advised Enterstore, part of Hartenberg Holding, on its acquisition of Miss Mary of Sweden from Swedish Bra Holding AB. Vinge reportedly advised Swedish Bra Holding.

TGS Baltic has advised Ready Player Me on the launch of two NFT collections – Collection ZERO and STEPN × PlayerZero.

TGS Baltic has advised the management team of Verge Eesti on acquiring the company’s Estonian business from its Norwegian parent. Schjodt reportedly advised the sellers.

Cobalt has advised Apollo Group's Estonian subsidiary Treeland on increasing its ownership in the Latvian restaurant chain Lido AS to 96% via share acquisition from KE Projekti.

Ellex has appointed Counsel Merlin Liis-Toomela as its new Head of Data Protection & IT law in Estonia.

Cobalt has advised SmartCap on launching a EUR 100 million Defense Fund.

TGS Baltic has advised the City of Tallinn on the merger of multiple city hospitals, including East Tallinn Central Hospital, West Tallinn Central Hospital, Tallinn Children's Hospital, and Tallinn Ambulance Service, into a unified Tallinn Hospital.

TGS Baltic has advised Clear Channel Outdoor Holdings on the sale of its Europe-North out-of-home advertising segment to Bauer Radio Limited. Squire Patton Boggs, AG Law Limited, Cirio Law Firm, Kromann Reumert, Wikborg Rein, Castren & Snellman, Perez-Llorca, Reichlin Hess, Reed Smith, Deloitte and Herbert Smith Freehills, CMS, Norton Rose Fulbright, and Paczewski Tropaczynski reportedly advised the sellers as well.

Walless has advised Lidl on opening a new store in Tallinn.

Pohla & Hallmagi has advised Fort Aero on obtaining court approval for its reorganization plan previously approved by creditors.

On December 30, 2024, a new European Union crypto-asset regulation, known as MiCAR (Markets in Crypto-Assets Regulation), came into effect. This regulation establishes unified rules for the crypto-asset market and imposes stricter requirements on crypto service providers. Additionally, on July 1, 2024, a new crypto-asset market law came into force in Estonia (krüptovaraturu seadus or KrüTS in Estonian).

Cobalt has advised CybExer Technologies on a EUR 1.5 million investment from SEB via the Baltic Venture Debt investment program.

TGS Baltic has advised IVC Evidensia on its acquisition of Tartu Loomakliinik. Ristal Keba Partners and Sirel & Partners advised the sellers, Karerin OU and Kersti Paju.

Ellex has appointed Counsel Anneli Krunks as the Head of the Fintech practice in Estonia.

Ellex has advised Trigon Capital on its acquisition of Estonia Farmid.