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European Legal update: 12.11. – 25.11.2024.
Assistant lawyer Natālija Ķīse compiled the material. Environmental, Social & Governance (ESG) Environmental, social and governance (ESG) ratings: Council greenlights new regulation Adopted: 19 November 2024 The Council adopted a regulation on environmental, social and governance (ESG) rating activities. To increase investors’ trust in sustainable financial products, the new regulation seeks to make grading practices in the […]
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The alliance contracting model will be implemented for a billion-euro procurement for Rail Baltic
We advised Rail Baltic Estonia on preparing the base documents for a significant tender related to an alliance procurement consultancy contract. Alliance procurement is a project delivery model that has successfully been adopted in Finland. In this model, the client, designer and builder share responsibilities and risks, work as a unified team, and always make […]
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Rail Baltic Estonia signed an alliance procurement consultancy contract
We are advising Rail Baltic Estonia in compiling the procurement documents relating to the alliance procurement consultancy contract signed between Rail Baltic Estonia and joint bidders BrainTeam OÜ and Vision Oy. The agreement, which will serve as the basis for the procurement of large-scale Rail Baltica railway construction work, costs approximately EUR 1 million and […]
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European Legal update: 23.07. – 05.08.2024.
Data protection European Artificial Intelligence Act comes into force Entered into force: 1 August 2024 On August 1 the European Artificial Intelligence Act (AI Act), the world’s first comprehensive regulation on artificial intelligence, entered into force. The AI Act ensures that AI developed and used in the EU is trustworthy, with safeguards to protect people’s […]
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We are advising Finnish and Estonian energy companies on obtaining insurance compensation as a result of the damage to the Balticconnector gas pipeline
We are advising Gasgrid Finland Oy and Elering AS on obtaining insurance compensation for the damaged Balticconnector gas pipeline. In October 2023, the Chinese vessel NewNew Polar Bear damaged the Balticconnector gas pipeline between Estonia and Finland. As a result, Finland’s gas connection with Europe was disrupted, causing approximately EUR 35 million in damage. We […]