
The ‘business oriented, pragmatic’ group at Ellex has a strength in listing and bond offering projects, as well as licensing, with which the group assisted the Ministry of Finance of the Republic of Estonia in 2024. Practice head Raino Paron is well supported by Gerli Kivisoo, who is a standout contact for M&A-related banking and finance matters. The group also counts fund managers as key clients, and Helen Ratso is a standout figure in this regard. The group is also active in the fintech space and has expertise in the cross-border expansion of fintech companies. Toomas Kasesalu stands out for his bond issuance and trade finance expertise. Ermo Kosk focuses on areas such as mezzanine loans and mezzanine financing.
Testimonials
Collated independently by Legal 500 research team.
- 'Business-oriented, pragmatic, and to the point. They empathise with specific client needs.'
- 'Ermo Kosk is a standout transactional lawyer.'
Key clients
- AS Inbank
- LHV Pank AS
- Swedbank AS
- Danske Bank A/S
- SEB Pank AS
- AS Bigbank
- Luminor Bank AS
- Republic of Estonia (through Ministry of Finance)
- Jobbatical OÜ
- Neoinvesteeringud OÜ
Lawyers

Practice head
The lawyer(s) leading their teams.
Raino Paron