Raidla Lejins & Norcous is considered a powerhouse in the Estonian legal market. "They are the best without a doubt," says a competitor....
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Raidla Lejins & Norcous is considered a powerhouse in the Estonian legal market. "They are the best without a doubt," says a competitor. However, it is felt that other firms have narrowed the gap in recent years. The firm is strong in both banking and finance and in M&A work, but the market also notes it is establishing a presence in the burgeoning restructuring and insolvency practice area.
For banking and finance Raino Paron is consistently singled out as an expert, as is Sven Papp for M&A. In R&I the firm can turn to Martin Käerdi for expertise, as he worked on the new law relating to reorganisations.
Clients like the depth of service the firm can offer and the professional approach it brings. "The firm is able to cover any and all areas of law," says one client, who adds: "It is constructive in giving business-oriented advice and effective solutions."
Despite paralysis in the banking market, there is still financing available for the right project. Paron advised Tallink Grupp, a ferry operator, on securing a €132 million syndicated facility for the acquisition of a new ferry.
The firm worked on a pan-Baltic deal together with Roschier Raidla's offices in Latvia and Lithuania. The deal involved structuring the finance for acquisition of a real-estate portfolio in the Baltics worth €150 million. The firm represented Skandinaviska Enskilda Banken.
On the regulatory side, the firm has secured mandates advising Borse Dubai on Estonian law aspects of its proposed acquisition of the OMX and gave American law firm Davis Polk & Wardwell Estonian law advice regarding Visa's IPO.
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