TRINITI advised majority shareholder and long-term manager Tõnu Rahula selling majority shares in Raikküla Farmer OÜ. The assignment included organizing the whole sales process including organizing the tender, finding potential investors, support with audits, preparation and negotiation of agreements. At the end of the process the shares of the majority shareholder were acquired by one of the minority shareholders and a grain grower in the area, Metetra OÜ. Raikküla Farmer is among the largest agriculture companies in Estonia having a cattle of more than 2 400 bovines in very modern facilities, using more than 3 000 hectars of land, half of which is owned. Raikküla Farmer sells a little less than 10 000 tons of milk per year. The transaction also included Raikküla pig farm.
For more than 10 years, TRINITI Estonia has advised Apranga Group companies in various commercial & corporate law matters, including establishment of subsidiaries, change of share capital, amendment of articles of assocation, change of management board. Read more
TechX Technologies Inc. (OTC: TECXF) entered into a share purchase agreement to acquire a 100% interest in Mobilum OÜ for C$16,000,000. TRINITI’s team consisting of Ergo Blumfeldt, Ain Kalme, Sten Veidebaum and Peeter Mõtsküla advised TechX Technologies Inc. in Estonian local law matters for the share purchase agreement and in conducting a legal due diligence. Read more
TRINITI JUREX intellectual property team consulted the client on conclusion of a license agreement with Universal Studios Limited. The agreement enables the client to use the intellectual property objects of Universal Studios Limited in its business activities.
The professionals of TRINITI JUREX intellectual property practice group consulted the client on the possible breach of technology patent in the USA, cooperated with colleagues in the USA and provided a legal opinion as well as a comparative analysis of the product and patent.
TRINITI JUREX intellectual property team consulted the client on repackaging of a pharmacy product and the prohibition to use a trademark belonging to another person in the European union market.
All 3 offices in Baltic states joint forces in providing legal advice to multinational electronics company on compliance to GDPR of the newly planned B2C support service, based on video and audio recording.
TRINITI JUREX lawyers advised one of the biggest a multi-level marketing company that sells beauty and personal care products on legal issues of e-marketing process and other data protection issues.
TRINITI attorneys in Estonia and Lithuania advised a management buyout transaction, whereby General Manager of Columbus in Baltics Ivo Suursoo and CEO of Columbus Lietuva Dovydas Zinkevicius acquired shares in Columbus Eesti AS and Columbus Lietuva UAB and the companies separated from Columbus A/S group listed on Nasdaq Copehagen stock exchange in Denmark. The assignment included preparation and negotiation of transaction documents and advising the whole transaction. Columbus is a leading digital innovation company in the Baltics with 170 employees and turnover in the region of 10,6 million euros.
The TRINITI transaction team has consulted Lemonade Stand OÜ on several investments in early-stage technology companies such as Cachet, Procurement Flow, Digital Sputnik, askRobin, Veriff, WebARX, Visory, Sensus, Septima, Warren.io, Outfunnel, R8tech, and many others. Investments have been made through various instruments, including capital investments, SAFEs, and convertible instruments, where possible using Startup Estonia’s model documents, to the creation of which the lawyers of our law firm also contributed. In addition, the TRINITI transaction team performed a number of due diligence procedures and advised on the entry into other important agreements associated with the transaction such as the transfer of intellectual property, regulation of trade secrets, and primary agreements of founders and shareholders.
Attorney-at-law Sandor Elias represented a client in a significant dispute in the Supreme Court in administrative matter 3-20-924. In its judgment of 4 November 2020, the Supreme Court found that contrary to the understanding that has taken hold in the current judicial practice, not every tender below its cost price is prohibited. The Supreme Court found that cross-subsidisation with non-contractual revenue is not prohibited, unless separately forbidden by the law applicable in the field or the terms and conditions of the public procurement. However, a tender below its cost price is unacceptable, for example, if it distorts competition, foremost if the tenderer were to thereby abuse its dominant position by freezing out its competitors from the market. In conclusion, the decision of the Supreme Court is significant in shaping the future of the public procurement landscape. First, it brings the logic of public procurements and of private market closer together as a tender below its cost price is also not always prohibited in the usual relationship between entrepreneurs. Secondly, it inevitably places a somewhat higher administrative burden on contracting authorities.
The Estonian national airline Nordic Aviation Group (Nordica) and the Polish national carrier Polskie Linie Lotnicze LOT S.A (LOT) reached an agreement to end their joint venture in Regional Jet OÜ (Xfly). Nordica purchased LOT’s 49% share in Xfly, a leading European ACMI-services provider, after which Nordica became its sole shareholder. TRINITI transport & infrastructure legal team – partner Tõnis Tamme and senior associate Ain Kalme, advised Nordica in the contract negotiations and assisted with the closing of the transaction.