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Advising SEB on the cross-border merger of its Baltic banks
We are advising SEB on the cross-border merger of its existing Baltic banks. It will be carried out by a side-step merger, whereby the Latvian and Lithuanian banks will be merged into the Estonian bank. Following this, the Estonian bank will operate in Latvia and Lithuania through branches established during the merger. Strengthening SEB’s financing […]
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EUR 1 billion sovereign bond issuance by the Republic of Estonia
Acting as Estonian counsel through international law firm Clifford Chance, we advised JPMorgan, DZ Bank, HSBC, and Swedbank on the Republic of Estonia’s EUR 1 billion 10-year sovereign bond issuance. The bonds were priced at 3.609% yield and attracted strong investor interest, with demand exceeding EUR 2.5 billion. The transaction is notable as the bonds […]
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Sorainen issues ISDA country netting opinion on Estonian law
The International Swaps and Derivatives Association (ISDA) instructed Sorainen to provide a country legal opinion on the enforceability of close-out netting under Estonian law under ISDA Master Agreements and other related ISDA standard documents. The instructions followed the amendments to the Estonian close-out netting and financial collateral legislation that came into force at the end of 2025. […]
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Mainor Ülemiste successfully conducted a bond offering
We advised Mainor Ülemiste on preparing a bond programme for selected investors and on the issuance of up to 8,000 bonds. As a result of the offering, the developer of Ülemiste City, the largest innovation‑focused business campus in the Baltics, raised EUR 9.6 million. The funds raised were partially used for the early redemption of […]
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Liberty Mutual introduces surety insurance products in Estonia
We advised Liberty Mutual Surety, part of one of the world’s leading insurance groups, on the launch of its surety insurance products in Estonia. Liberty Mutual is a global property and casualty insurance group and the ninth largest P&C insurer worldwide by 2024 gross written premium, employing over 40,000 professionals and operating in 28 countries […]