In one of our previous texts we wrote about the recent decision of the Spanish personal data protection authority, by which it fined an employer as the controller of personal data for using the option of audio recording within the employees surveillance system, which data were subsequently used for termination of an employment contract.

TGS Baltic has successfully represented Swedbank before Estonia's Supreme Court against a EUR 1.75 million claim brought in a dispute with the bankruptcy trustee of Alberta Trade, a former Swedbank client.

Cobalt has advised Indutrade on its acquisition of Labema.

Ellex has advised state-owned Estonian Air Navigation Services on a EUR 13 million loan from the Nordic Investment Bank to improve the efficiency of air navigation services.

Lextal has advised digital asset platform Blocktrade on the launch of its new BTEX token which raised over EUR 5 million to date.

Did You Know that, of the 30 lawyers who have worked on Estonian client matters reported by CEE Legal Matters so far this year, only seven have worked on more than one? The 2023 Estonian leaderboard is currently led by Sorainen Partner Toomas Prangli, who has worked on four reported client matters so far this year.

TGS Baltic has advised Estonian national postal service provider Eesti Post (Omniva) on its acquisition of assets – including a network of smart mailboxes and the related IP rights – from Parcelsea.

Cobalt has advised Change Ventures on launching its EUR 20 million Fund III.

Triniti has advised the Tallinn water company AS Tallinna Vesi on a EUR 91 million syndicated loan agreement with AS SEB Pank.

TGS Baltic has successfully represented the interests of Jetoil before Estonian courts in a dispute related to supplied fuel quality.

Triniti has advised Utilitas on the joint venture to establish a district heating company with the City of Tallinn. Sorainen reportedly advised the City of Tallinn.

Cobalt has successfully represented the Republic of Estonia during the judicial proceedings in the VEB Fund case, with the fund having been established 30 years ago to address the issue of banking funds blocked in the Russian Federation.

Former Associate Partner Ksenia Kravtsenko has been promoted to a Partner position at Lextal in Estonia.

Sorainen has advised Northern Horizon Capital on issuing EUR 42 million in Baltic Horizon Fund corporate bonds to refinance outstanding bond debt.

Estonia is looking at reforming its tax system and the legal profession's standards, amid overall economic uncertainty that is impacting banking, finance, and start-ups, according to TGS Baltic Partner Kirsti Pent.

Ellex has advised Specialist VC and Superangel on their investment in technology company Value.Space, with Linnar Viik and Latvia's BADideas.fund also participating in the EUR 2.1 million round.

Sorainen has advised BaltCap on its acquisition of a 70% stake in the Hansab Group. Cobalt advised Hansab's majority shareholders on the sale.

Sorainen has successfully represented SA Kunstihoone in registering the Tallinna Kunstihoone trademark.