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We are advising Rail Baltic Estonia in compiling the procurement documents relating to the alliance procurement consultancy contract signed between Rail Baltic Estonia and joint bidders BrainTeam OÜ and Vision Oy. The agreement, which will serve as the basis for the procurement of large-scale Rail Baltica railway construction work, costs approximately EUR 1 million and […]
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Publication / Oona Elina Katariina Tuomi
Data protection European Artificial Intelligence Act comes into force Entered into force: 1 August 2024 On August 1 the European Artificial Intelligence Act (AI Act), the world’s first comprehensive regulation on artificial intelligence, entered into force. The AI Act ensures that AI developed and used in the EU is trustworthy, with safeguards to protect people’s […]
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We are advising Gasgrid Finland Oy and Elering AS on obtaining insurance compensation for the damaged Balticconnector gas pipeline. In October 2023, the Chinese vessel NewNew Polar Bear damaged the Balticconnector gas pipeline between Estonia and Finland. As a result, Finland’s gas connection with Europe was disrupted, causing approximately EUR 35 million in damage. We […]
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Assistant lawyer Natājlija Ķīse compiled the material. Banking and finance EBA issues new guidelines to combat money laundering and terrorism financing in fund and crypto transfers Published: 4 July 2024 New guidelines on the “travel rule” have been announced by the European Banking Authority (EBA) to address the issue of money laundering and terrorism financing through […]
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Assistant lawyer Nikola Cīparsone compiled the material. Banking and finance Commission Delegated Regulation (EU) 2024/1504 specifying the procedural rules for the exercise of the power to impose fines or periodic penalty payments by the European Banking Authority on issuers of significant asset-referenced tokens and issuers of significant e-money tokens Published: 30 May 2024 […]
