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A special audit identified deficiencies in the previous management of Eesti Energia AS
We conducted a special audit of Eesti Energia and its subsidiaries, commissioned by the Ministry of Finance. Four areas were analysed, and 37 observations were made. “We monitored the implementation of actions agreed upon in internal audits. To do this, we analysed documents, as well as explanations provided to us separately, and information obtained during […]
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Sunly raises EUR 300 million to expand its production capacity
We advised Sunly, a renewable energy producer, on raising EUR 300 million from Scandinavian and French investors for the construction of solar, wind, storage, and hybrid parks with a total capacity of 1.3 GW. The investment will be used to build large-scale hybrid parks in the Baltics and Poland, contributing to the availability of renewable […]
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Successful resolution of a shareholder dispute
We successfully represented a manufacturer of wooden buildings and saunas in a dispute with a board member and shareholder in a company. The dispute involved consulting and strategy development over an extended period of time, involving aspects of commercial law, the board’s liability and intellectual property rights. The parties disputed over several aspects of corporate […]
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A subsequently falsified letter of guarantee didn’t hold in court
We successfully represented a client in a dispute where the client’s obligation to fulfil a contract of guarantee was in question. A claim arising from the letter of guarantee was raised right after a part of the company was expropriated. The importance of witness statements as evidence The dispute arose after an acquaintance of the […]
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EBRD: Baltics ahead in national insolvency policy
The European Bank for Reconstruction and Development (EBRD) has released the 2023 Survey Report of Insolvency and Secured Transaction Regimes. The survey highlights national-level policy issues that prevent companies from being able to restructure funds or declare insolvency. The Baltic countries overall have exceptionally good insolvency policies compared to other countries surveyed. The issues According […]