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Construction project requirements should prioritise substance over form
At the Ministry of Climate’s request, we carried out a legal analysis to assess the requirements for construction projects and make proposals for their modification based on current legislation, problem areas, and implementation practices. The existing legal framework is fragmented, with construction project requirements being excessively detailed and overly focused on documentation. Additionally, the requirements […]
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REFI Sun, company of INVL Renewable Energy Fund I, issues EUR 15 million bond
We advised REFI Sun, a company of the renewable energy investment fund INVL Renewable Energy Fund I, in preparation for a public bond offering program of up to EUR 25 million and in the bond issuance process. In the initial placement, REFI Sun publicly issued bonds worth EUR 15 million to retail and institutional investors […]
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The Nordic Investment Bank and NORD/LB signed EUR 64 Million Financing Agreements with Green Genius
We advised The Nordic Investment Bank (NIB) and NORD/LB in providing EUR 64 million in financing to the Green Genius group. The funds will be allocated to the development of two new 91 MW solar power parks in Izabelinė (Ignalina district) and Lieponys (Trakai district). Additionally, an 18 MW battery energy storage system (BESS) is planned in Izabelinė […]
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Estonian court lifts interim ban on bear hunting
We represent the Estonian Environmental Board in an administrative case brought by the MTÜ Eesti Suurkiskjad (NGO Estonian Large Carnivores), which challenged the decision to set the brown bear hunting quota for the 2025/2026 season. The court annulled the previous interim ban and dismissed the request for preliminary legal protection, finding that the bear population is […]
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Livonia Partners sells majority stake in Glassense to Barrus
Private equity firm Livonia Partners has sold its majority stake in Glassense, the leading Baltic glass manufacturer, to Barrus. Kaido Veske, Partner at Livonia Partners, commented: “Barrus has already been involved in glass manufacturing for some time, and their long-standing experience in the wood sector – combined with their growing know-how in glass – positions […]