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ERGO completes cross-border merger with Gjensidige in the Baltics
Following ERGO’s acquisition of Gjensidige’s Baltic business earlier this year, ERGO Insurance SE has successfully completed its cross-border merger with Akcinė draudimo bendrovė Gjensidige. The merger was registered with the Estonian Commercial Register on 1 November 2026. As a result of the merger, Gjensidige has been dissolved without liquidation and all of its assets, rights […]
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Pipedrive strengthens its sales and marketing services by acquiring Outfunnel
We advised Pipedrive, a CRM platform for small and medium-sized businesses, on its acquisition of 100% of shares in Outfunnel, an Estonian sales and marketing automation software startup and the top-rated app on the Pipedrive Marketplace. Connecting CRM with marketing tools By integrating Outfunnel’s technology, Pipedrive aims to provide customers with a seamless connection between […]
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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. […]