EUR 500 million tap issuance of government bonds by the Republic of Estonia

Acting as Estonian counsel through international law firm Clifford Chance, we advised Erste Group Bank AG, J.P. Morgan SE and Société Générale, which were acting as joint managers for a EUR 500 million government bond issue by the Republic of Estonia. The bonds were issued under the Euro Medium Term Note (EMTN) Programme and are […]

Estonia updates laws to support international business and investment

We advised the European Bank for Reconstruction and Development (EBRD) on the technical cooperation project “Development of a Legal and Regulatory Framework for Derivatives in Estonia”. On 15 October 2025, the Estonian Parliament adopted amendments to the Securities Market Act and other related acts, which introduce the uniform application of close-out netting regulation into Estonian […]

European Legal update: 16.09. – 31.10.2025

Legal assistants Natālija Ķīse and Nikola Cīparsone compiled the material. Cybersecurity Council authorises the signing of the United Nations Convention against Cybercrime Published: 13 October 2025 The Council of the EU has approved the signing of the UN Convention against Cybercrime, a new global treaty aimed at setting common standards to fight cybercrime and improve […]

Amendments to the Estonian close-out netting and financial collateral legislation

On 15 October 2025, the Estonian Parliament adopted the amendments to the Securities Market Act and other related acts, which introduce the uniform application of close-out netting regulation into Estonian laws and adjust the scope of the financial collateral regime.[1] The amendments will enter into force on the 10th day after publication in Riigi Teataja[2], […]

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