A Finnish family-owned Fincumet Group Oy purchased the majority share of Birger OÜ (https://birger.ee/), the largest manufacturer of hooklift containers and steel structures in Northern Europe. TRINITI transactions team: Tõnis Tamme, Ain Kalme and Mikk Põld advised the sellers in the contract negotiations, legal preparation of the transaction and closing of the share transfer. Read more
TRINITI advised Lemonade Stand, new Estonian pre-seed & seed stage investment firm in one of its first investments. Lemonade Stand lead a round of 600 000 eur into ProcurementFlow, cloud-based software company for fully digitized procurement workflow. The other investors included Pipedrive co-founder Martin Henk, and Bolt co-founder Martin Villig, AdCash founder Thomas Padovani, Bellone Invest, Stagnation Lab, Katana MRP co-founder Kristjan Vilosius, Skeleton Technologies founders Taavi Madiberk and Oliver Ahlberg. TRINITI team consisting of Ergo Blumfeldt, Ain Kalme and Maarja Lehemets assisted the client in carrying out due diligence of the company and negotiating the financing documentation.
We advised DeRoyal Estonia, a company with US background, in the compliance process performed by the bank in meeting the requirements for keeping the bank account open. DeRoyal Estonia belongs to DeRoyal group. DeRoyal is a US-based international manufacturer and marketer of healthcare products. DeRoyal’s portfolio includes, for example, surgical equipment, orthopedic softgoods and wound dressings. DeRoyal has manufacturing assets on three continents, operations in six countries and a total of 1,900 employees.
We successfully represented a client in voiding a gratuitous contract worth millions. All courts agreed with our arguments that an intra-family gratuitous contract can be successfully voided. The courts also agreed that publicly denying the contract, filing baseless complaints and taking family disputes into the media all together give cause to void the contract. Our client was represented by attorney Villu Otsmann and lawyer Martin Järve of TRINITI.
TRINITI provided legal advice to NE International GmbH, a full-service provider for commercial solar systems, fire protection and decontamination services in the Europe, on implementation of a wind and solar power plant project in Lithuania, subsidized by the EU funds. TRINITI lawyers assist the client on various legal issues related to construction process, funding and represents the client’s interests in court on connected legal dispute with designer of construction works, one of the largest company in projecting electricity objects in Lithuania.
TRINITI team provides legal assistance to ELEKTRUM LIETUVA, a modern customer – orientated power company, on various legal issues related to the supply of electricity. TRINITI lawyers assisted the client in drafting and correcting the standard agreements on electricity supply to be used in the client’s activities, agreements on solar plants purchase and installation, provided legal advice on Lithuanian legal acts on electricity supply, construction, protection of the consumers and other services.
TRINITI represented a group of Lithuanian parliament members in the Lithuanian Constitutional Court investigating whether the provisions of the Law on Energy of the Republic of Lithuania is not in conflict with the Constitution.
TRINITI team advised a group of the Lithuanian parliament members on legal issues and represented them in the Lithuanian Constitutional Court investigating the procedure and terms for the extension of the provisions of the Law on Energy of the Republic of Lithuania regulating the expiry of the permits issued for the development of electricity generating capacities from renewable energy sources.
The legal matter was of significant importance to Lithuanian legal environment in the energy field, as by the decision of the Constitutional Court, adopted on 21 December 2018 the limitation, established in the Law on Electricity on extending the time limit of the validity of an authorization to develop the capacity of electricity generation from renewable energy sources declared unconstitutional.
Attorneys of TRINITI have advised on matters concerning anti-money laundering compliance, including companies from different sectors (from accounting providers and real estate agencies to creditors and banks). We have helped our clients to assess money laundering risks in their entities and determine risk appetite, as well as establish rules of procedure and internal control. We have consulted and represented companies also in supervisory proceedings of Financial Intelligence Unit.
Karmen Turk, Katri Tomson and Maarja Pild, lawyers in the TRINITI Law Firm, represented their client in the European Union’s first ICO case. In the case regarding Santiment ICO (Bloomberg in the crypto world), the parties reached a mutually acceptable compromise. In the event of a dispute, whether and how can the other party be required to transfer the crypto assets (tokens), whether a default interest can be charged for delay (if no money is involved), and what are the bailiff’s tools for enforcing a judgment rendered in a crypto asset dispute – those were some of the topics hotly debated.
TRINITI’s lawyers have also discussed the risks and disputes related to crypto assets and ICOs in the Äripäev Radio broadcast “TRINITI eetris” (TRINITI On Air).
Triniti advised RAFAKO S. A., a leader on the Polish power generation equipment market and the biggest boiler producer in Europe, as well as a leader within the field of flue gas desulfurization plants based on wet lime and semi-dry methods, on construction of a new combined heat and power plant in Vilnius.
TRINITI lawyers advise the Client on a daily basis with regards to the construction works. A new heat and power plant will consist of two CHP units: a waste burning unit and a biofuel burning unit. The biofuel burning equipment will be installed by Polish energy object builder Rafako for 149.65 million euros.