On 20 April, the European Parliament endorsed two regulations which will fundamentally change the crypto-asset market landscape in the EU and potentially beyond: the Regulation for Markets in Crypto-assets (MiCA) and the recast version of the Transfer of Funds Regulation (TFR recast). As a forerunner in regulating crypto business, Estonia has had local crypto laws in place since 2017, however, MiCA and TFR recast will be directly applicable in the EU and will replace the respective local legislation.
Tax Changes Pursued by the New Government
Following the general election, the new coalition government has committed to balancing the state budget and consequently revealed many intended taxation changes. While these ideas are not yet set in stone, here are the key changes that could be expected based on what has been communicated.
Ellex and KPMG Law Advise on Eesti Gaas’ Acquisition of Gaso from Latvijas Gaze
Ellex has advised Eesti Gaas on its EUR 120 million acquisition of Gaso from Latvijas Gaze. KPMG Law advised the seller.
Sorainen Successful for Estonian State in State Liability Case
Sorainen has successfully represented the Estonian State, acting through the Estonian Internal Security Service, in a civil dispute connected to a criminal proceeding.
Sorainen’s Crespect Receives Legal-Tech Product Development Grant and Closes Seed Investment Round
Sorainen’s cloud-based legal practice management spin-off Crespect has received a EUR 227,000 innovative product development grant from the European Regional Development Fund and has also closed its EUR 605,000 seed investment round.
Sorainen and Cobalt Advise on Sale of Hohle to HellermannTyton
Sorainen has advised Lagrotte and the Net Systems Group on selling Hohle to HellermannTyton. Cobalt advised the buyer.
Legal Innovation in Continental Europe: A Sneak Peek into Lexpo 2023 with Andrea Miskolczi
As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.
Ellex and Rask Advise on GT Tarkvara's Sale to Span
Ellex has advised Estonian software company GT Tarkvara on its sale to Croatia's Span. Rask advised Span on the deal.
Cobalt Advises Pakrineeme Sadama on Sale of LNG Quay to Estonian State
Cobalt has advised Pakrineeme Sadama on selling its liquefied natural gas loading quay in Paldiski – together with the related infrastructure and port property – to the Estonian Stockpiling Agency for a total transaction value of EUR 31.5 million.
Pohla & Hallmagi Advises CF&S Estonia on Acquisition of Railway Wagons from Operail Leasing
Pohla & Hallmagi has advised CF&S Estonia on its acquisition of railway wagons from Operail Leasing.
Pohla & Hallmagi Advises CF&S Estonia on Office Space Lease in Ulemiste City
Pohla & Hallmagi has advised CF&S Estonia on renting new office space in the Ulemiste City business park from Opiku Majad.
Pohla & Hallmagi Advises Nomme Kalju on Shirt Sponsorship Agreement with Marsbet
Pohla & Hallmagi has advised the Nomme Kalju football club on the cooperation agreement with Marsbet as the club's new shirt sponsor.
Sorainen Advises on Decathlon Expansion to Estonia
Sorainen has advised Decathlon’s Lithuanian subsidiary Decathlon Lietuva on the commercial lease agreement for premises in Estonia's Kurna shopping park near Tallinn.
Sorainen Advises Head Gear Films on Financing for Last Sentinel Movie
Sorainen, working with Lee & Thompson, has advised Head Gear Films on financing the Last Sentinel movie in Estonia and on related IP and state aid issues.
Cobalt Successfully Represents the Suislepp Family Against False Allegations in Media
Cobalt has successfully represented the interests of the Suislepp family against false allegations published in Postimees and Louna-Eesti Postimees relating to Ilvi Suislepp's tenure as a school principal.
Balancing Estonia's Potentialities: A Buzz Interview with Jaanus Magi of Magnusson
Finding its balance after a general election, Estonia is looking at a year of potential IT sector labor force shake-ups, a likely uptick of reorganization and bankruptcy procedures, as well as a potential real estate sector slowdown, according to Magnusson Estonia Managing Partner Jaanus Magi.
Cobalt Advises BayWa and EdgeCap Partners on Investment in Roofit.Solar
Cobalt has advised BayWa r.e. Energy Ventures and EdgeCap Partners on leading the EUR 6.45 million investment round into Roofit.Solar.
Sorainen Advises Nanordica Medical on Raising EUR 375,000
Sorainen has advised Estonia-based health technology start-up Nanordica Medical on raising EUR 375,000.