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Swedbank and Luminor to lend EUR 100 million for construction of national stadium
We advised Swedbank and Luminor banks on matters related to the concession agreement for the National Stadium, with the banks providing a EUR 100 million syndicated loan to Vilnius Multifunctional Complex, a company owned by Hanner. The funds will be used for the construction of the National Stadium and the multifunctional complex in Vilnius. Swedbank […]
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Permits for private homes could be replaced with less bureaucratic usage notifications
We compiled an analysis commissioned by the Estonian Government Office to assess whether Estonia could follow the example of some other European countries and abandon the requirement for a usage permit for residential buildings and apartment buildings, and considering how such a change would affect safety, the administrative burden and legal clarity. The analysis, entitled […]
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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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A French company will be contributing to the future of wind energy in Estonia
We advised the French company Oxan Energy on the initiation of superficies licence proceedings and an environmental impact assessment for the construction of an offshore wind farm. This marked Oxan Energy’s entry into the group of offshore wind farm developers in Estonia. The company specialises in marine energy, particularly in the development of floating wind […]
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Sunly raised EUR 60 million in equity funding from current investors
We advised Sunly, a renewable energy producer, on raising EUR 60 million from existing shareholders, including the European Bank for Reconstruction and Development (EBRD), Mirova, and Vardar. This funding follows Sunly’s 300 million EUR debt financing round in August 2024. One of the shareholders, Grzegorz Zielinski, EBRD’s Head of Energy Europe, commented on EBRD’s support […]