Latest Assignments

TRINITI advised an Isle of Man company with the sale of a Hawker 850XP Business Jet to Fort Aero AS, an Estonian air operator specialising in the provision  of charter flight services  and management of corporate jet fleet. The transaction involved registration of the aircraft in Estonia, setting up a security structure using the aircraft as security for the payment of the sales price and agreement of terms and  conditions for provision of chartered flight services to the seller with Fort Aero’s fleet of aircraft. TRINITI senior associate Sten Veidebaum and partner Tõnis Tamme were advising the client.

Seven Bombardier CRJ900-type aircraft owned by Transpordi Varahaldus OÜ (TVH) are now fully financed by LHV Bank, while Estonia’s national airline Nordica continues as their lessee. Government-owned TVH refinanced its previously issued bonds with a 23 million euro loan from an Estonian LHV Bank. TRINITI attorneys Ergo Blumfeldt, Ain Kalme, Tõnis Tamme ja Sten Veidebaum were advising TVH in drafting the legal documentation of the transaction and related negotiations, necessary changes in the civil aircraft registry, amendment of the existing aircraft lease agreements as well as in other legal documentation. Read moreIn 2017 and 2018, TVH issued bonds for a total of 35 million euros which were purchased in equal parts by LHV Pension Funds and LHV Pank. TVH used the financing to purchase additional CRJ900-type aircraft and lease them to Nordic Aviation Group AS (Nordica). The outstanding amount of the bonds was now refinanced with a bank loan obtained from LHV Bank. Indrek Nuume, Head of Business Banking at LHV Pank, said that the local bank and the local aircraft owner were a perfect match. “Our cooperation with TVH has been long-standing, successful and reliable. We’re glad to be involved in their investment plans. As LHV Pension Funds are always on a lookout for new investment opportunities with a higher rate of return, we agreed on new suitable bank financing terms with TVH. We can see that the sector is recovering well and wish all the success to Estonian aviation,” Nuume added. According to TVH the two past years have been exceedingly complicated for aviation but due to reliable and long-standing cooperation with the lessee and the financiers alike, the assetco has weathered the crisis well, managing to keep its current commercial activities profitable.

TechX Technologies Inc. (OTC: TECXF) entered into a share purchase agreement to acquire a 100% interest in Mobilum OÜ for C$16,000,000. TRINITI’s team consisting of Ergo Blumfeldt, Ain Kalme, Sten Veidebaum and Peeter Mõtsküla advised TechX Technologies Inc. in Estonian local law matters for the share purchase agreement and in conducting a legal due diligence. Read moreTechX Technologies Inc. is a company focused on emerging technologies across growth sectors including: crypto, blockchain, AI and cloud technologies. Mobilum, a financial technology start-up that provides the fiat infrastructure to the cryptocurrency industry, is a licensed plug-and-play fiat-to-crypto gateway and payment processing technology solution for exchanges, wallets, brokers, liquidity providers, and cryptocurrency businesses. Its on-ramp and off-ramp solution enables integration for businesses with users who buy and sell cryptocurrencies with credit and debit cards. TRINITI is a Pan-Baltic law firm specializing in business law.

TRINITI advised and assisted real estate developer in erecting of commercial center and giving it to lease in Tallinn resulting in additional option for local community to do shopping close to home.

Tiniti Estonia assisted Smartlynx Airlines Estonia OÜ to lease three Airbus A320-200 passenger aircrafts and register the aircrafts in Estonian civil aircraft register.

In co-operation with Norton Rose Fullbright Frankfurt, we advised Deutsche Bank to launch cross-border payment services. Triniti advised on Estonian law matters  pertaining to the T&C of the service.

We advised Estonian Environmental Research Centre in acquisition of IP rights in Airviro air quality management system. Estonian Environmental Research Centre replaced the former co-operation partner Swedish Meteorological and Hydrological Institute among the owners of the Airviro system and  continues to develop the Airviro software in co-operation with Apertum IT AB as software and commercial partner

TRINITI provides the security agent’s service to the investors of the Alexela Tanklad OÜ bonds. The bond securities provided by the issuer are held in the interests of the investors by TRINITI’s 100% subsidiary company

TRINITI transactions team advised the transfer of one of Estonia’s largest travel Agencies GoAdventure OÜ to Lithuanian listed company AB Avia Solutions Group, total value of the transaction ca 2.611 million Euros. By closing the transaction, AB Avia Solutions Group acquired 100% of the shares of GoAdventure. The buyer aims to merge GoAdventure with its group company Kidy Tour and continue to provide travel services in Estonia

Our M&A team advises AS Amalfi, an Estonian private equity company in its acquisition of shares is Porto Franco, €160 million real estate development in Tallinn City Harbour