In April 2007, Estonia made global headlines — not for a military conflict or natural disaster, but for one of the first coordinated large-scale cyberattacks against a nation-state. Sparked by the relocation of a Soviet-era war memorial in Tallinn (known as the Bronze Night), the country’s digital infrastructure was flooded with denial-of-service attacks. Government websites, banks, media outlets, and essential services were knocked offline. It was a wake-up call: digital threats could now paralyze a country just as effectively as tanks and missiles. 

Cobalt has advised RINA on the acquisition of the Foreship Group from Vaaka Partners and other shareholders.

Walless has advised Nordwood on its acquisition of Flexa Eesti from Flexa4Dreams. KPMG Law advised Flexa4Dreams.

Pohla & Hallmagi has successfully represented Rein Valk and Luite Arendus OU before the Civil Chamber of the Supreme Court of Estonia against Harju Infra OU in a case concerning limitation periods applicable to claims between companies and shareholders.

TGS Baltic has advised Lendurai on a EUR 5.5 million investment round led by Expeditions Fund, HCVC, and Vsquared Ventures. Ellex advised the investors.

Cobalt has promoted former Managing Associate Rauno Ligi to Partner.

Ellex has advised venture capital fund Superangel on its participation in the USD 20 million Series A funding round for UK-based technology company Labrys.

Walless has advised Iron Wolf Capital on the launch of its EUR 100 million early-stage fund.

Walless has advised Estonian investment company Millerhawk on its acquisition of a portfolio of four retail properties in Estonia from Swedish investor Sobra Arikeskus. Cobalt advised Sobra Arikeskus.

TGS Baltic has advised OneMed on its acquisition of ITAK.

TGS Baltic has advised Invego Latvia on its EUR 8 million secured bond issue, with the bonds now admitted to trading on the Nasdaq Baltic First North alternative market in Tallinn. Triniti reportedly acted as the collateral agent.

Walless has advised Saare Wind Energy on securing the seabed use rights for an offshore wind farm project in Estonia. 

Cobalt has advised Combiwood Grupp on its acquisition of Toftan from its existing shareholders Mattsbo Sag, Wigert Invest, Lars Lindgren Invest, Marnefeldt Invest, Investyno, Martin Arula, Jaanus Lehes, and Merli Randoja. Eversheds Sutherland and Vinge reportedly advised the sellers.

On June 3, 2025, Sorainen announced that ICA Gruppen's sale of Rimi Baltic Group to Salling Group (as reported by CEE Legal Matters on March 12, 2025) has now closed.

Cobalt has advised Hansab Group on its acquisition of a majority stake in Finnish smart lighting company C2 SmartLight.

Sorainen has advised SafePAS on a EUR 700,000  investment round that saw the participation of Securetec Detektions-Systeme, the Estonian Business Angels Network, PurposeTech, BSV Ventures, and the Beamline Accelerator.

Cautious optimism defines the current mood in Estonia, as the country navigates modest economic growth alongside persistent geopolitical and regulatory uncertainty, according to Ellex Partner Gerli Kivisoo, who reports subdued investor activity, ongoing tax debates, capital market shifts, and a growing M&A pipeline that suggests momentum may be gradually returning.

Pohla & Hallmagi, working with Wikborg Rein, has advised Marine Energy Solutions on its acquisition of the PRIME oil tanker. Reed Smith reportedly advised the unidentified sellers.