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.
Major Assignments - Transport & Infrastructure
TRINITI, together with a leading CEE business consultancy Civitta, communication agency Meta Advisory Group and Malla Paajanen Consulting successfully completed a Service Contract for the European Commission (DG-MOVE) for a study on the business case of the Rail Baltica project and setting up a Rail Baltic Business Network in Finland, Estonia, Latvia, Lithuania and Poland. Altogether 22 business network events were organised in the course of 2017 and 2018 for informational, experience-sharing and discussion purposes which attracted over 1100 attendees from both the public and the private sector. Read more
TRINITI carried out the risk analysis of the planning and construction phase of the Estonian part of Rail Baltica project in cooperation with Ernst & Young Baltic. The analyses mapped the risks embedded in the large-scale cross-border infrastructure project and provided input for establishing a comprehensive risk management system for Rail Baltic Estonia OÜ. Among others the risks related to the financing, project Management and procurements of the Rail Baltica project were assessed in four categories – money, time, quality, and reputation. Advocates Tõnis Tamme and Sandor Elias participated in the preparation of the risk analysis on behalf of TRINITI
TRINITI partner Tõnis Tamme acted as a legal adviser for a leading CEE business consultancy CIVITTA providing recommendations for the state-owned Lithuanian Railways Ltd (LG). The Lithuanian parliament approved the restructuring plan of the Lithuanian railway incumbent in December 2018 according to a holding model. Read more
TRINITI has advised the Lithuanian Road Administration under the Ministry of Transport and Communications on the reorganization of state-owned enterprises carrying out maintenance of roads with strategic importance for Lithuania. During the process which took less than a half-year, 10 state-owned enterprises were successfully integrated in the State Enterprise “Kelių priežiūra”. The reorganization was carried out with the aim to optimize and reduce the costs of management of state enterprises maintaining the roads of state importance and to form an efficient centralized model of maintenance of roads of state importance.
During the large-scale reorganization process the experienced TRINITI lawyers, led by Associate Partner Giedrė Čiuladienė, prepared the necessary documents and advised the Lithuanian Road Administration under the Ministry of Transport and Communications on all matters of reorganization that have arisen.
Our Transactions team advised the Republic of Estonia, acting through the Ministry of Economic Affairs and Communications, in connection with the negotiations of the shareholders agreement of RB Rail AS, the joint venture created by three Baltic governments for the construction of Rail Baltic, a 5 billion EUR convenitional-fast European standard-gauge electrified railway from Tallinn to the Lithuanian-Polish border.
TRINITI led an international consortium of consultants in advising the European Commission (DG-MOVE) in the TEN-T North Sea – Baltic Core Corridor Study (www.proximare.info), one of the 9 corridors in the new transport network forming the “Core Network” laying the foundation for the future European transport network across all 28 Member States
TRINITI lawyers represented OÜ Baltic Rail Services, the majority owner of AS Eesti Raudtee (Estonian Railways Ltd) a vertically integrated railway infrastructure and operations company, in negotiating a 160 M EUR agreement for the sale of a 66% shareholding in Estonian Railways to the Republic of Estonia, and the simultaneous settlement of several related shareholder disputes