Latest Assignments

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.

TRINITI advocates successfully represented National Oilwell Varco AS (NOV), a leading worldwide provider of equipment and components for oil and gas drilling and production, in a court dispute with Estonian companies OÜ Transmares and OÜ Palsteve, over the validity of a lien and the rights of possession of stored equipment at the Northern Port of Paldiski, incl the grant of preliminary injunctive relief by the court. The TRINITI legal team consisted of senior associate Klen Laus and partner Tõnis Tamme.

TRINITI advised and represented National Oilwell Varco AS (NOV), a leading worldwide provider of equipment and components for oil and gas drilling and production, in the bankruptcy proceedings of AS E-Profiil – one of the largest producer of metal components and constructions in Estonia. The challenging assignment included providing legal advice and taking necessary measures to ensure the completion, financing and due delivery of two large projects by AS E-Profiil undergoing bankruptcy proceedings at the same time. The TRINITI legal team consisted of partner Tõnis Tamme and senior associate Klen Laus.

TRINITI advised the largest Estonian new generation film production company Nafta Films in an insurance matter during the making of their spy thriller O2. The leading male actor Priit Võigemast injured his ankle during the shooting of the film in Finland which brought along changes to the shooting timetable and extra costs. TRINITI attorneys-at-law Tõnis Tamme ja Klen Laus advised the client and later also had an opportunity to participate as extras in some of the scenes of the movie.

TRINITI advised Enersense International Oyj, a company specializing in implementing zero-emission energy solutions, in the acquisition of the Baltic subsidiaries of Empower Group. The emerging Enersense-Empower aims to become a major player serving Nordic and international companies in the industrial, energy and telecommunications sectors. The TRINITI Baltic legal team was led by partner Tõnis Tamme. Read moreAccording to Jussi Holopainen, CEO of Enersense: “Enersense is a company of significant growth. We have succeeded in achieving a strong position in Finnish industry and have also expanded our operations internationally. Our goal is to expand our operations to the Baltic countries, and now with the acquisition, our geographical footprint will be increasingly visible in the Baltics as well. The cornerstone of our growth is to grow through acquisitions, and we have succeeded in implementing our strategy very well.”

One of the oldest M&A advisories in Estonia – Investment Agency and Prudentia, a leading Latvian corporate finance consultant concluded co-operation agreements to jointly provide corporate finance and M&A advice to private clients in the Baltics under the common Prudentia brand www.prudentia.ee. TRINITI partner Tõnis Tamme and Attorney-at-Law Siim Maripuu advised Investment Agency in contract negotiations. Read moreAccording to Prudentia partner Indrek Uudeküll: „As a result of strategic co-operation between Prudentia and Investment Agency one of the largest teams of financial advisers has been formed who share a joint view on the Baltic capital markets. Prudentia now has offices in Riga and Tallinn, offering their clients expert knowledge of local financial and capital markets. The goal of co-operation partners is to strengthen their presence also on the Lithuanian market, growing the Prudentia brand into the strongest player in the Baltic M&A market“, commented Uudeküll on their future plans.

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 moreBirger OÜ is based in Avinurme, Estonia and employs a workforce of ca 200. Birger manufactures hooklift containers for the entire Nordic region and in 2019 the company’s revenue reached 18 million euros. Aleksei Männiste will continue as the CEO and will own 40% of Birger through a holding company.

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 moreThe study on the business case of the Rail Baltica project summarises the expectations of the business sector towards the new transport corridor and is based on the analyses of the existing research on Rail Baltica and results of the interviews conducted in the 5 participating countries in the course of the Rail Baltica Business Network events in 2017 and 2018

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 moreFollowing the approved plan three new companies controlled by LG will be established instead of the three current in-house directorates – Passenger, Freight Carriage and Railway Infrastructure. Rail Baltica Statyba, the SPV incorporated already in 2013 to carry out the Rail Baltica project in Lithuania and hold the shares in RB Rail AS (the Rail Baltica joint venture of the three Baltic governments), shall remain a separate legal subsidiary of LG