Europe Guide 2026 : Estonia
Ranked Individuals
Provided by Ellex Raidla
Our Banking & Finance team has advised the Republic of Estonia and Estonian issuers in connection with the offering of debt and equity securities in Estonia and on listings on foreign stock exchanges (London, Dublin, Luxembourg, Stockholm, Oslo and Helsinki) as well as a variety of local and foreign clients in regulatory, financing and debt restructuring matters.
Our team members have years of experience with new and innovative instruments and structures including:
• drafting of the Rules of the Nasdaq Tallinn Stock Exchange,
• the first IPO and use of GDR in Estonia,
• the first IPO based on the EU Prospectus Directive in Estonia,
• the first bond issue by the Republic of Estonia,
• the setting up of the Republic of Estonia’s treasury bill programme,
• advising on the first AT1 bond issue and first T2 bond issue by an Estonian bank.
Provided by Chambers
Ellex Raidla has an impressive banking and finance practice noted for its outstanding transactional and regulatory capabilities, often with cross-border elements. The law firm is skilled in capital markets matters, including the issuance of bonds and IPOs. Its prominent client base features major domestic and international banks and financial services companies. The lawyers also advise tech start-ups on financing rounds.
Provided by Chambers
Ellex Raidla advised European Bank for Reconstruction and Development on a EUR22 million loan facility agreement for the Pihlaka solar park.
Provided by Chambers
Ellex stands out for its high level of industry knowledge and insights as well as its excellent network and relationship with regulatory bodies.
They are knowledgeable in what they do and always open to look into different options, thinking outside the box for newer or simpler ways to approach issues.
They have a lot of knowledge of what the trends are and what is happening in Estonia in recent years and what direction the core practice is going.
They have a deep sector knowledge and impressive bench strength. They are responsive, efficient, knowledgeable and informed.
They have very good knowledge and understanding as well as a large enough practice to be able to always select the best person for any job.
Provided by Chambers
Raino Paron is a highly regarded lawyer who is recognised for his position at the forefront of the finance market. He offers considerable experience assisting with equity and debt capital markets transactions and frequently advises banks on regulatory matters.
Raino knows our business thoroughly and helps us very quickly. He gathers information and is ready to act.
He is very easy to communicate with and has a great sense of humour, which is helpful during difficult negotiations. He also thinks many steps ahead and acts proactively.
Gerli Kivisoo has extensive practical experience across the market and willingness to share that knowledge, which instils a strong sense of confidence in her clients.
Gerli has a strong network with other parties.
Head of Banking & Finance
Banking & Finance
Banking & Finance
Provided by Ellex Raidla
Kevin Gerretz
Toomas Kasesalu
Martin Mäesalu
Anneli Krunks
Gerd Laub
Gerli Kivisoo
View profile of Gerli KivisooErmo Kosk
View profile of Ermo Kosk
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