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We successfully represented Lithuanian Railways against supplier Civinity Solutions (Civinity) in a dispute regarding compensation of EUR 700,000 damages. Civinity laid the groundwork for this dispute in 2022, when it won a case and proved that a competitor’s tender offer was unjustly selected as the winner. Since the contract with the competitor had already been […]
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We advised the largest energy company in Estonia, state-owned Eesti Energia, on raising EUR 400 million by issuing green hybrid bonds. This is the first green hybrid bond issued in the Baltics to be offered internationally and listed on the London Stock Exchange. Enormous interest worldwide Investors oversubscribed the offer fourfold at more than 1.6 […]
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We advised one of Europe’s leading private banks, Berenberg, on providing financing of EUR 26 million to the renewable energy company Green Genius to construct the new solar park in the Baltics. The 121 MW project is located in Jekabpils, Latvia. So far, it is the biggest stand-alone solar park in Latvia, taking over a […]
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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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We successfully represented the Rakvere city government in a dispute with Virumaa Kompetentsikeskus (Virumaa Competence Centre). The bankruptcy trustee of Virumaa Kompetentsikeskus initiated an action against the Rakvere city government, challenging the validity of certain agreements related to the right of superficies and establishment of usufruct. The bankruptcy trustee sought for the court to annul […]
