Category: News

2017

On 31st October until 2nd November 2017 the Estonian President’s official state visit to Georgia took place. The Estonian President met with the President of Georgia, Giorgi Margvelashvili, Georgia’s Prime Minister Giorgi Kvirikashvili and other members and representatives of the government.

President Kersti Kaljulaid was accompanied by a prominent business delegation with over 30 Estonian entrepreneurs. Aare Tark, managing partner at TARK law office, also participated in the state visit as part of the delegation.

The Georgian Chamber of Commerce and Industry held a number of business-oriented meetings with local enterprises. Over 80 Georgian business representatives shared their thoughts with the Estonian delegation, realizing mutual investment interests.

Many Estonian ministers, Members of Parliament, the Commander of the Defense Forces, Chancellors of Ministries and other officials also attended the state visit.

Photos: Mattias Tammet, the Office of the President

2017

TARK advised Tähesaju City, a leading real estate developer in Estonia, on the development and sale of a shopping centre located at Lasnamäe, Tallinn to a Russian background buyer.

TARK team was led by partners Hannes Küün and Marit Savi and included senior associate Tanel Küün.

2017

TARK has been highly recognized by IFLR1000, the international financial law publication and 2018 guide to the leading law firms specializing in financial and corporate law. IFLR1000 annual rankings are based on transactional evidence and peer and client feedback.

IFLR1000 recognizes Law Firm TARK for its broad practice in different sectors and notable number of financial and banking groups advised during the research period. TARK counts the European Bank of Reconstruction and Development among its clients, along with institutions like the Estonian Deposit Guarantee Fund.

Clients have appreciated the TARK Law Firm for great capability in assisting clients in all legal matters with very good quality and results, while covering and advising all the legal aspects.

Partner Allar Aru is mentioned as a very experienced lawyer in different areas, who understands the position of the client and ways to get the best result.

We are grateful for the trust and support and continue to offer highquality consulting for our clients even in most difficult transactions and cases.

2017

At a meeting in Keila-Joa with President of the Republic of Estonia Kersti Kaljulaid on 3 October 2017, family entrepreneurs and lawyers from the TARK law firm introduced their vision for making the Estonian economic environment stable in the long term.
“Every family requires a secure and stable environment above all else, and family businesses need the same thing,” said Aare Tark, Managing Partner at the TARK law firm. “The basis of stability is a simple and secure tax and inheritance environment. Today we are facing the challenge of how to continue in a way that ensures that the Estonian economy will be enduring and sustainable not only tomorrow and the day after tomorrow, but also for the next 25 years.”

President Kersti Kaljulaid said that, since the end of the last century, the secret of Estonia’s success has been a stable, simple and easy-to-understand tax system, although winds have been stirred up around the tax system that allude to fluctuations in the equilibrium of the society’s worldviews.
According to the president, family businesses are a stable form of entrepreneurship, which nevertheless are deeply wounded during every crisis, but their long-term prospects and aversion to a large debt burden provides them with resilience in different economic cycles.

“Small family businesses are susceptible to shifting global winds, just like small countries. They are established with one’s family, children and grandchildren in mind. It is not possible to just quit and say, ‘oh well, it didn’t work out’”, said Kersti Kaljulaid. “We have a joint responsibility to maintain our liberal economic environment and a tax environment that does not detrimentally affect entrepreneurship, while maintaining the proper balance.”

The Estonian Family Entrepreneurs Association was established in 2014 and it unites more than 70 enterprises. Lawyers Tanel Tark and Tauno Tark also participated in the meeting.

Picture gallery of the meeting:

2017

Best Lawyers®, the oldest and most respected guide to the legal profession, announced the Seventh Edition of The Best Lawyers in Estonia and several partners of TARK were recognized on that list:

Founding partner Aare Tark was selected by his peers for inclusion in The Best Lawyers® in Estonia 2017 in the fields of Arbitration and Mediation, Competition / Antitrust, Litigation, Corporate and M&A Law.

Partner Tanel Tark was recognized in The Best Lawyers in Estonia in the field of Competition / Antitrust Law.

Partner Marit Savi was awarded in The Best Lawyers in Estonia in the field of Corporate and M&A Law.

Best Lawyers® is the oldest and most respected attorney ranking service in the world. For more than 30 years, Best Lawyers has assisted those in need of legal services to identify the attorneys best qualified to represent them in distant jurisdictions or unfamiliar specialties.

2017

In May 2017, the Estonian Government approved a supplementary investment program for infrastructure investment which inter alia foresees reconstruction of first section of Riisipere-Haapsalu railway in Estonia. TARK advises stateowned Estonian Railways Ltd (AS Eesti Raudtee) in preparations for the reconstruction process. Most recently our advice has focused on legal aspects and process of leaving certain unreformed lands into the ownership of the state.

TARK team includes managing partner Aare Tark, partner Marit Savi and senior associate Tanel Küün.

2017

TARK assisted Ühinenud Farmid group (owned by Austrian investors) in sale of several hundred hectares of agricultural and forest land and agricultural machinery to a buyer also owned by Austrians. We advised the client in working out the deal structure, drafting of the transaction documents and negotiating and closing of the transaction.

The client was assisted by partner Marit Savi and senior associate Tanel Küün.

2017

TARK advised Icosagen AS and its subsidiary Icosagen Technolohies Inc in a complex transaction which included the exit of one shareholder and the buy-in of two new shareholders. Transaction team consisting of partner Hannes Küün and senior associate Tanel Küün assisted the client by preparing the transaction structure and the transaction documents.

Icosagen Group is a company focused on providing and developing novel biotechnology products, services and researches to biopharmaceutical and biotechnology industries and to academia. The clients of Icosagen Group are based in Estonia, Europe, Asia and in the United States. Icosagen Technologies Inc. was established in 2016, in order to give US customers access to Icosagen’s technologies and services.

2017

International independent reputable edition The Legal 500 has published its legal market rankings for the year 2017.

The Legal 500 recognized Law Office TARK in all nine rateable categories granting the highest 1st ranking to our work in Tax Law practice. The following eight attorneys of our law firm Aare Tark, Marit Savi, Hannes Küün, Tanel Tark, Allar Aru, Lada Riisna, Tauno Tark and Tanel Küün were highlighted by name.

For 29 years, The Legal 500 has been analysing the capabilities of law firms across the world. Its rankings are based on a series of criteria, but more simply put, it highlights the practice area teams who are providing the most cutting edge and innovative advice to corporate counsel. The research of The Legal 500  is based on feedback from 300,000 clients worldwide, submissions from law firms and interviews with leading private practice lawyers, and a team of researchers who have unrivalled experience in the legal market. In Estonia The Legal 500 research for the year 2017 was carried out in nine different areas of legal practice.

Law Office TARK merits the highest ranking in Tax Law practice, led by the partners Allar Aru and Hannes Küün, who was also named a new generation lawyer.

In the Dispute Resolution area managing partner Aare Tark, partner Allar Aru and senior associate Tauno Tark were highly recognized, among others Aare Tark was named as a leading individual in this area in Estonia and Tauno Tark a new generation lawyer.

In the area of Corporate and M&A high ranking was awarded to partners Marit Savi and Hannes Küün and senior associate Tanel Küün.

In the field of Real Estate and Construction, partners Tanel Tark and Allar Aru were highlighted. Senior associate Tanel Küün was named a new generation lawyer in this area.

In the Shipping and Transportation area, managing partner Aare Tark, partner Allar Aru and senior associate Tanel Küün were highlighted.

In the field of Intellectual Property, Information Technology and Telecommunication partners Marit Savi, Hannes Küün and senior associate Tanel Küün were recognized.

In the area of Employment partner Hannes Küün and senior associates Tauno Tark and Tanel Küün were pointed out.

In the area of European Law and Competition Law partners Tanel Tark and senior associate Tauno Tark were recognized.

Partner Lada Riisna and senior associate Tanel Küün were recognized in the Banking and Finance practice area. Tanel Küün was named a new generation lawyer.

The attorneys of Law Office TARK have been nominated in The Legal 500 for more than 20 years.