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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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The Supreme Court confirms Saaremaa Laevakompanii has no liabilities and bankruptcy proceedings initiated against the company therefore unfounded
A court ruling has entered into force, fully dismissing the claim brought by the bankruptcy trustee of Reyna Trade against Saaremaa Laevakompanii for the recognition of a claim during the bankruptcy proceedings. The initial claim of EUR 9 million was reduced to EUR 300,000 during the proceedings; however, even this amount was not recognised in full. The dispute, which […]
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Final ruling entered into force on claim exceeding EUR 6 million based on forged documents
The Supreme Court declined to accept the claimant’s appeal for review, thereby rendering the important ruling final and bringing an end to a dispute that had lasted for years. We successfully represented the bankruptcy trustee and the company in a dispute over the recognition of an alleged claim of EUR 6.3 million in bankruptcy proceedings. […]
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Victory in contesting a EUR 6.3 million claim based on forged documents in bankruptcy proceedings
We successfully represented the bankruptcy trustee and the company in a dispute over the recognition of an alleged claim of EUR 6.3 million in bankruptcy proceedings. The claim was based on alleged sales, assignment, and factoring agreements, but only one original was presented to the court. Copies of other documents required were also deficient. The […]
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Successful representation of bankruptcy trustees in a dispute over the recognition of a EUR 9 million claim
We successfully represented the bankruptcy trustees of Saaremaa Laevakompanii in a dispute over the recognition of a EUR 9 million claim. The opposing party in the litigation was the bankruptcy trustee of the insolvent company Reyna Trade, whose claim was completely dismissed. This court victory significantly impacts Saaremaa Laevakompanii’s bankruptcy proceedings, as it will lead […]