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Baltics’ largest private equity fund makes first investment in Estonia
We advised INVL Private Equity Fund II, the largest private equity fund in the Baltics and part of the Invalda INVL group, on their first ever private equity investment in Estonia. INVL signed an agreement to acquire a 75% stake in Eesti Keskkonnateenused (EKT), Estonia’s largest waste management group. Opening up more opportunities to implement […]
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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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Analysis on the assessment of EU Taxonomy criteria
We provided an in-depth analysis commissioned by the Lithuanian Banking Association for the banks seeking to classify loans as aligned with the EU Taxonomy Regulation and contributing to climate change mitigation. Compliance with the EU Taxonomy is one of the conditions for green financing. We assessed ten types of economic activities, including electricity generation from […]
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New environmental protection restrictions would unconstitutionally reduce land value
At the request of the Estonian Private Forest Association, we assessed the constitutionality of proposed amendments to the Nature Conservation Act. The planned amendments would register areas under consideration for protection without a substantive decision. This step would immediately reduce the value of the land. The analysis revealed the planned amendments to be contrary to […]