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Margus Kõiva gave a presentation on public procurement promoting innovation

FORT Law Office had the privilege of contributing to DeltaE Engineering Office’s conference on energy saving and industrial solutions for industry and business real estate (13-14 October 2021).

FORT advised cross-border transaction valued over 15 million USD

Control was acquired over an international company that employs proprietary machine learning techniques for providing liquidity to the cryptocurrency platforms. The business model of this unique quantitative trading company relies on a strictly data-driven approach, artificial intelligence, and time series analysis.

Associate Tõnis Loorits criticised Estonian FIU in press

Associate Tõnis Loorits represents 8 companies who filed a lawsuit against the procrastination tactics of the Estonian Financial Intelligence Unit (FIU). FIU is an independent institution in the area of government of the Ministry of Finance.

FORT tax counsel Ivo Vanasaun gave a presentation in the International Fiscal Association webinar

International Fiscal Association  (IFA) Poland and the Young IFA Network organises international 2 days webinar entitled  ” Source taxation/withholding tax (WHT) in different countries”. In webinar discusses experts from 12 countries, including representatives from UK, Germany, Spain, Italy and also Baltic countries.

FORT represented leading real estate development companies regarding the potentially unlawful state aid given to Porto Franco

Law Firm FORT represented six leading real estate development companies in submitting a complaint with the European Commission regarding the potentially unlawful state aid given to Porto Franco. According to partner Kuldar-Jaan Torokoff the real estate developers´ objective was to draw attention to the problem as, in their view, the state´s interference with the real estate development market is unfounded and distorts the latter.

Intertax publishes article by tax counsel Ivo Vanasaun

The international journal Intertax published an article by FORT’s tax counsel Ivo Vanasaun “Transition from Soviet Union’s Tax Regime to Estonia’s Own Tax System”.

Legitimate Source of Funds Proven before the Economic Court

In representing an Estonian company before the Economic Court (EC) in proceedings regarding property acquired through a criminal offence, Law Firm FORT has proven legitimate source of the client’s funds. By the EC decision of 27 August 2021 it is resolved not to recognize the arrested funds to be acquired through a criminal offence and terminate the proceedings regarding the property acquired through crime. The court decision forms a methodology of evaluation that is of crucial importance in other proceedings concerning property acquired through a criminal offence as well.

FORT advised Capitalica Asset Management in its first Estonian investment: acquisition of logistics complex by Capitalica Green Logistics Fund

Capitalica Asset Management – investment management company of SBA Group – has acquired a complex of green concept logistics buildings near Tallinn. This is the first investment of the Capitalica Green Logistics Fund. Over EUR 100 million is planned to be accumulated in the fund in the coming years, following the strategy to invest in sustainable core assets.

Associate Tõnis Loorits joined FORT Tallinn

In June 2021 associate Tõnis Loorits joined our team. His main practice areas are cryptocurrency service licenses, labour issues, contracts, residence issues, dispute resolution in civil and administrative court proceedings.

FORT has represented the real estate investment company EfTEN Capital AS in acquisition of the industrial buildings in Panevėžys

The latest EfTEN‘s acquisition – two 20.000 sq.m production buildings in a convenient location within the limits of Panevėžys. AQ Wiring –  a manufacturer of electric systems and Adax – a manufacturer of domestic and commercial heating products – now are the tenants of the acquired buildings. EfTEN Real Estate Fund III fund’s investment portfolio after the acquisition of industrial buildings in Panevėžys encompasses 18 objects.

FORT conducted legal due diligence of the assets, advised on a structure of the transaction as well as financing and securitisation arrangements, negotiated sale-purchase as well as lease agreements and represented the client in concluding all acquisition documents. The team included: Rūta Radzevičiūtė – Meizeraitė, Aurelija Grigoravičiūtė – Rimeisienė, Gabrielė Velta Mickevičiūtė, Andrius Mamontovas, Vadimas Maksimenka.

This is the 13th EfTEN‘s acquisition in Lithuania, which was trusted to FORT.

Please find the public announcement of EfTEN under this.