Banking and Finance

Our lawyers are Estonia's leading specialists in the banking and finance area. Tark & Co has extensive experience in project finance, secured financing, acquisition finance, syndicated loans, bond issues and loan restructuring. We have advised on the largest EMTN programme in Estonian history worth EUR 2 billion and the largest ECP programme worth EUR 1 billion. In addition to advising on financial transactions, we also have advised a number of Estonian and international banking and investment banking clients on various regulatory matters, including the set up and acquisition of banking businesses, customer contracts, payment systems and supervisory issues. Insurance matters are also dealt with by our banking and finance lawyers. We have advised clients on cross-border services, insurance brokerage, and handled insurance disputes. Our attorneys have drafted main banking and insurance laws and regulations for the central bank and financial supervisory authority. We are actively monitoring implementation of CAD3 in Estonia.

European Legal 500 has always given Tark & Co its top ranking in the banking and finance practice area.

• The 2006 issue quotes one of our clients: "[Tark & Co] attorneys are incredibly confident in an international setting whilst being well connected locally."
• The 2007 issue writes: Tark & Co's status as a leader in this field is indisputable, with excellent credentials comprising headline deals and A-list clients. ... The firm acted as local counsel in two of the largest IPOs of the year.

Chambers 2007 published about Tark & Co:

• Observers view the team as a unit that "complies with clients' needs with extremely high quality and exact professional advice." They concur that "the whole team's knowledge in banking and finance matters is outstanding." Securities is one of its particular areas of expertise, in addition to its historical accomplishments in representing banks in some of the country's most high-profile transactions.
• The firm's primary banking and finance lawyer is "goal-oriented" Hannes Vallikivi. Sources admire the fact that "his objective is always to get transactions done. He is not ruthless, he compromises when need be, but his ego is always second and the client is always first."
• Hannes Vallikivi is described as an "excellent corporate lawyer, who is extremely active in banking and finance."

Follow-up on MiFID implementation in Estonia - July 2008
Maximum liability of an insurance company - December 2006
E-money directive finally transposed - March 2006
Notarisation of pledges becomes cheaper - January 2006
Financial assistance laws clarified - December 2005
Estonian Legislation Guide in IFLR 1000 (2006) - July 2005
Damages of storm or flood? - January 2005