Glimstedt advises: Boreo Plc acquires Elfa Distrelec’s sales operations in the Baltic states and Finland
This transaction supports Boreo’s strategic goal of strengthening its presence in the Baltic market. Glimstedt’s offices in Estonia, Latvia, and Lithuania were involved in advising on the Elfa Distrelec transaction. The cross-Baltic advisory team was led by Randu Riiberg, head of Glimstedt Estonia’s advisory team and sworn advocate, who was also responsible for the Estonian […]
Glimstedt advises: Finnish company Boreo Plc’s investment in Estonia
Law firm Glimstedt advised Finnish listed company Boreo Plc on the acquisition of 100% of the shares in Estonian company Spetselektroodi AS. The transaction is part of Boreo’s strategic expansion into the Baltic region, aimed at strengthening the group’s presence in the industrial equipment sector. Glimstedt has been a long-term cooperation partner for Boreo Plc […]
Glimstedt is the Legal Partner of the Nordic Real Estate Forum
The forum’s main theme, “New Normal in Real Estate”, focuses on the changes that have shaped the real estate market in recent years. A shifting economic environment, ongoing geopolitical instability, and the green transition have introduced new challenges while also creating opportunities for industry players. “Our clients are facing new realities—geopolitical instability, Russia’s ongoing aggression […]
Glimstedt supports the work to advance mental health
Glimstedt Estonia continues its tradition of turning Christmas gifts into charity. This year, we are supporting the NGO Peaasjad to contribute to the promotion of socio-emotional competences in education in Estonia. Social-emotional competences are essential key competences today, and are recommended to be promoted in all founding documents on mental health and education. The aim […]
Glimstedt advises: investment support for Bioforce’s Viiratsi biomethane plant
The Viiratsi biomethane plant, which has received investment support from the Environmental Investment Centre, contributes to reducing the environmental footprint by cutting methane emissions and serves as a practical example of a circular economy by converting waste into green energy. Glimstedt has been advising Bioforce since 2021. Bioforce is a company focused on biomethane production, […]
Glimstedt advises: EBRD supports Bioforce Viiratsi biomethane project with a loan of up to EUR 22 million
The European Bank for Reconstruction and Development (EBRD) is providing a senior secured loan of up to EUR 22 million to Bioforce Viiratsi OÜ, a special purpose company established for the development and operation of the Viiratsi biomethane plant. Glimstedt has been advising Bioforce since 2021. The project falls under the EBRD InvestEU Framework for […]
Glimstedt Estonia collects Planet 42 investor claims
P42 Massinõuded OÜ, established at the request of a client of Law Firm Glimstedt Estonia, is an independent and transparent solution for Planet 42 and syndicated loan creditors who do not wish to assign their claims to P42 Recovery OÜ, managed by Jaak Roosaar’s team. For more information please contact massinouded@glimstedt.ee With P42 Massinõuded OÜ, […]
Glimstedt advises: the new Bioforce biomethane station is open for business
On April 12, 2024, Estonia’s most modern biomethane plant, owned by the Bioforce Group, was opened in Ebavere, capable of handling up to 130 000 tonnes of biodegradable materials per year. Biomethane is an indigenous biofuel from renewable sources, with over 95% methane (CH₄), with properties equivalent to natural gas, and can be used in […]
Ukrainian Enterprise Awarded USD 292 Million in Recoveries from Russia
The Commercial Court of the Luhansk Region ordered that the Russian Federation should pay over USD 292 million as damages to PJSC Alchevsk Coke Chemical Plant, one of the largest coke and chemical enterprises in Ukraine. The said court judgment was issued on 12 February 2024. The Alchevsk Coke Chemical Plant is located on the […]
Glimstedt educates: Establishing the nullity of a public procurement contract in the context of litigation practice
On 15 February, Glimstedt’s public procurement experts Ringo Heidmets and Maria Veermäe will speak at the “Public Procurement Online Conference” on the invalidity of public contracts. “Riigihangete veebikonverents 2024” on mõeldud hankespetsialistidele, haldusjuhtidele, juristidele, advokaatidele, riigi- ja KOV-esindajatele, juhtidele ning kõigile teistele huvilistele, kes tegelevad riigihangete korraldamisega ja riigihangetel osalemisega. Mitmekülgne infopäev julgustab riigihangetel osalema […]