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The Estonian state plans to issue, for the first time, bonds aimed at local small investors
We advised the Ministry of Finance in the development of a domestic bond programme. We drafted the programme documentation and other legal documents as part of the project, as well as advising project participants on all other legal matters that arose. The first emission issue is planned for this year The necessary framework document for […]
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Preparation of legal documents for the short-term bond programme of the Republic of Estonia
We advised Barclays as the arranger and dealer and Citibank as the dealer in the preparation of legal documents concerning the international Euro-Commercial Paper (ECP) programme of the Republic of Estonia. Covering short-term liquidity needs The programme provides the option of repeated issuance of commercial paper notes with a maturity between 1 and 364 days […]
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Eesti Energia signed a loan agreement to refinance the bond
Acting as local counsel in Estonia through international law firm Dentons, we advised Deutsche Bank in connection with a syndicated loan agreement for a total of EUR 600 million to Eesti Energia. International energy company Eesti Energia is an international energy company whose home markets are the Baltic States, Finland and Poland. The group is […]
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The Better Fund obtains activity license
On a pro-bono basis, we are advising The Better Fund, an ESG-focused fund, helping female founders and gender-balanced teams in the CEE region get access to capital to scale world-changing ideas. Empowering diverse teams Most recently, we assisted The Better Fund in the process of obtaining an activity license from the Financial Intelligence Unit and […]
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Estonia missing out on EUR 145 million in VAT from foreign e-shops
At the request of the Estonian E-Commerce Association, we analysed how to tackle the enormous tax loss arising from non-compliance of foreign e-shops in Estonia. Insufficient legislation Our analysis revealed that each year, Estonia is missing out on an average of EUR 145 million in VAT from foreign online shops. This is caused by insufficient […]