We are advising Boku, a leading global mobile payment and mobile identity company, in the acquisition of Estonian fintech Fortumo. Boku has conditionally agreed to acquire the entire issued and to-be-issued share capital of Fortumo Holdings and its subsidiaries for a maximum consideration of USD 45 million. Significant step to cement the lead in mobile […]
We advised electronic money institution Verse Payments Lithuania on all issues related to its indirect acquisition by Square – an electronic payment and financial services company headquartered in San Francisco and listed on the New York Stock Exchange. Verse employees will join the Square team, who are developing the Cash App – a peer-to-peer payment app […]
We advised the European Investment Bank (EIB) in financing a project consisting of the renewal and modernisation of existing Estonian railway network, comprising modernisation of tracks, signalling and traffic control systems of Eesti Raudtee (Estonian Railway). Modernising traffic management The European Investment Bank has entered into a 25-year loan agreement with the Estonian state railway […]
Deals & Cases / Karl Kask / Põllumajandusuudised
We successfully represented Halinga, one of Estonia’s largest raw milk producers, in a court dispute with PRIA (Agricultural Registers and Information Board) concerning the durability requirement of EU aid. Focus on appropriate use The dispute began when PRIA aimed to recover the EU agricultural aid it had granted to Halinga, on the basis of reported […]
We represented Tallinna Jäätmetetaaskasutuskeskus (TJT) in a public procurement dispute related to the waste management and transportation services. Focus on tender price The case involved a complaint from Eesti Keskkonnateenused against Viimsi municipality and TJT as the successful tenderer that TJT’s tender price was unreasonably low. As part of the services to Viimsi municipality, TJT […]
