News

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.

Minni-Triin Park is honoured among world’s leading female experts by IFLR1000 Women Leaders

IFLR1000 Women Leaders edition has named our partner Minni-Triin Park to its list, an elite ranking of leading female attorneys.

Minni-Triin has almost 20 years of transaction experience and during her career she has advised on various fascinating transactions. Some examples of her recent excellent work are advising Elisa Corporation on the acquisition of AS Starman and advising LHV bank in several transactions where she has been the leader of FORT team.

The IFLR1000 Women Leaders Guide 2021 is available here.

FORT represented Eika Real Estate Fund by investing in the new logistics center of BENU pharmacy manager, Tamro UAB, in Kaunas

FORT team has represented Eika Real Estate Fund managed by the investment management company Eika Asset Management in concluding a deal regarding the development of a “built-to-suit” type logistics and business center and its lease in Kaunas district.

The fund invests in commercial real estate (developed or under development) and is intended for informed investors.

FORT has assisted the client from the stage of execution of the letter of intent until the closing of the transaction. Legal services consisted of preparation of all documents an representation during negotiations.

FORT team consisted of Andrius Mamontovas and Rūta Radzevičiūtė-Meizeraitė

FORT has represented the real estate investment company EfTEN Capital AS in acquisition of the three buildings in Vilnius

The latest EfTEN‘s acquisition – three modern office and industrial buildings situated in the developing innovation and technology hub. Arginta Group – a well renown developer of water management and renewable energy projects – becomes the master tenant of the buildings. Such tenant perfectly matches the investment portfolio of the green fund EfTEN Real Estate Fund 4.

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 master lease agreements and represented the client in concluding all acquisition documents. The team included: Rūta Radzevičiūtė – Meizeraitė, Aurelija Grigoravičiūtė – Rimeisienė.

This is the 12th EfTEN‘s acquisition in Lithuania, which was trusted to FORT.

Please find the public announcement of EfTEN under this.

FORT represented Eika Real Estate Fund in acquisition of Audi and Volkswagen agencies‘ buildings

FORT team has represented Eika Real Estate Fund managed by the investment management company Eika Asset Management with regard to the acquisition of Audi and Volkswagen agencies‘ buildings. The fund invests in commercial real estate (developed or under development) and is intended for informed investors.

Audi agency operates in the building of more than 2,000 sq. m, Volkswagen – almost 3,000 sq. m.

FORT has assisted the client from the stage of execution of the letter of intent until the closing of the transaction. Legal services consisted of preparation of all documents, representation during negotiations, performance of legal due diligence.

FORT team consisted of Andrius Mamontovas, Vadimas Maksimenka.