On March 8, 2021, CEE Legal Matters reported that Lextal had advised the owners of Raunistal on the sale of 100% of their shares to Estonian state owned renewable energy company Enefit Green. CEE In-House Matters spoke with the two former owners, Regiina Pihlak and Raivo Pihlak, to learn more about the sale.
Maido Lillemets, Legal and Compliance Manager at BaltCap in Estonia, reports that the three-pillar pension system in his country has been shaken by the recent legislative move from a mandatory to a voluntary approach to contributions into pension funds. This change, Lillemets reports, has cost the pension funds EUR 850 million already and the eventual cost may exceed EUR 1 billion.
On November 18, 2020, CEE Legal Matters reported that Hedman Partners had agreed to serve as legal advisor to Solaride on its project to build a solar-powered car in Estonia. CEEIHM spoke with Kristel Leif, Chief Executive Officer at Solaride, to learn more about the matter.
On November 10, 2020, CEE Legal Matters reported that Cobalt had advised Passion Capital on its USD 1.4 million seed-round investment into Warren.io. CEEIHM spoke with Tarmo Tael, Co-Founder & CEO at Warren.io, to learn more about the deal.
On August 3, 2020, CEE Legal Matters reported that Sorainen had advised Montonio on its generation of EUR 500,000 from both Estonian and international investors. CEEIHM spoke with Rasmus Oisma, Director at Montonio Finance, to learn more about the matter.
On September 14, 2020, CEE Legal Matters reported that Sorainen had advised Sunly City on the implementation of a new business model for electricity consumers and on the development and drafting of customer contracts for solar energy solutions. CEEIHM spoke with Marek Sakk, Project Manager at Sunly City, to learn more.
On May 7, 2020, CEE Legal Matters reported that Sorainen had represented Tallinna Linnatranspordi Aktsiaselts, a company fully owned by the City of Tallinn, in its purchase of compressed gas for natural gas-powered buses. We spoke with Deniss Borodits, Chairman of the Board at Tallinna Linnatranspordi, to learn more about the deal.