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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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Regional Court upholds a decision in favour of clients in a case concerning criminally acquired property
We represented clients, companies registered in Cyprus and the British Virgin Islands belonging to a group of companies, securing a final and favourable regional court decision in a case concerning criminally acquired property, whereby the court found that approximately EUR 11 million, which had been frozen in a bank in Latvia in the criminal proceedings, […]
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Paybis, the major crypto-asset exchange, is now EU-regulated and in Latvia
Our client, Paybis Europe, is the new EU-regulated entity of the major Paybis crypto exchange brand, having secured its crypto-asset services and payment services provider licences in Latvia. Paybis is the third entity in Latvia to obtain a licence as per Markets in Crypto-Assets Regulation (MiCA), sending a clear signal that Latvia is indeed becoming the EU crypto hub. Paybis brand has been known in the cryptospace for nearly a decade, and the group companies provide services also […]
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ETNA obtains SEB financing to support acquisition of controlling stake in Brolis Defence Group
We advised the Danish private equity fund ETNA Capital on securing bank financing from SEB Bank in Lithuania to support its acquisition of a majority stake in Brolis Defence Group, a Lithuania-based developer and manufacturer of advanced electro-optical systems for defence and security applications. The transaction was structured as a leveraged buyout (LBO), combining private […]