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Raino
Paron

Partner
Head of Banking & Finance and  EU & Competition practice groups

Contact

E. raino dot paron at rln dot ee

T. +372 6407 170

Vcard 
 

Raino Paron is one of the most widely recognised banking, finance and capital markets lawyers in Estonia. He has profound international experience having worked for the International Monetary Fund and World Bank in Washington D.C. He has also been active in legislative drafting in Estonia and has participated in the drafting of the Financial Supervision Authority Act, Credit Institutions Act, Investment Funds Act, Securities Markets Act, Central Registry of Securities Act, Commercial Code, Bankruptcy Act, the Rules of the Tallinn Stock Exchange and more. He has been the Chairman of the Arbitration Court of the Tallinn Stock Exchange since the establishment of the Exchange in 1996.

Raino has participated in the development of new and innovative instruments and structures in the field including the drafting of the Rules of the Tallinn Stock Exchange, the first IPO and use of GDR in Estonia, the first IPO on the basis of the EU Prospectus Directive in Estonia, the first bond issue by the Republic of Estonia and bond issues of Estonian companies on foreign markets (London, Luxembourg, Stockholm, Helsinki).

 

Areas of Expertise

Banking & Finance, Capital Markets
EU & Competition Law, State Aid
Mergers & Acquisitions (M&A)


 

JOINED THE FIRM

1995

Partner since

1998

Education

1993 LL.M, with distinction, Georgetown University, USA
1990 BA in Law / officially equivalent to MA, cum laude, University of Tartu, Estonia
 

Participation in legislative drafting

Financial Supervisory Authority Act
Law on Credit Institutions Act
Investment Funds Act
Securities Markets Act
Central Registry of Securities Act
Commercial Code
Foreign Borrowing by the Republic of Estonia and State Guarantees for Foreign Loan Agreements Act
Bankruptcy Act
Rules of the Tallinn Stock Exchange
Good Corporate Governance
 

Memberships

Since 2012 Member of the Supervisory Board of the Baltic Institute of Corporate Governance (BICG)
Since 2011 Member of the Board of Finance Estonia
Since 1996 Chairman of the Council of the Arbitration Court of the Tallinn Stock Exchange
Since 1996 Member of the Estonian Bar Association
2004 Member of the organising committee of IBA Nordic and Baltic Regional Conference, Stockholm

 

Languages

Estonian, English, Russian

A selection of deals and cases

  • Advising Eesti Energia Aktsiaselts in the issuance and listing of EUR 300,000,000 notes due in 2018 on the London Stock Exchange
  • Advising UKRSELHOSPROM PCF LLC in the acquisition of MARFIN PANK EESTI AS and obtaining of permission for acquisition of a qualifying holding from the Estonian Financial Supervisory Authority
  • Advising Deutsche Bank AG, Nordea Bank Finland Plc and Swedbank AB in connection with the issuance and listing of EUR 225,000,000 4.625 per cent notes due in 2018 by Elering AS on the London Stock Exchange
  • Advising Amserv Grupi AS in the acquisition of SIA "Adam auto"
  • Advising Eesti Energia Aktsiaselts in its EUR 500 million bilateral loan agreements with five local banks
  • Advising Autoliv Inc. in the acquisition of aktsiaselts Norma
  • Advising Ericsson Eesti Aktsiaselts in the acquisition of certain units in Aktsiaselts Elcoteq Tallinn
  • Advising Nets Estonia AS in the acquisition of Pankade Kaardikeskuse Aktsiaselts
  • Advising in the IPO of Arco Vara AS, AS EESTI EHITUS, Aktsiaselts Tallink Grupp, and AKTSIASELTS TALLINNA VESI
  • Advising Borse Dubai Ltd in connection with the Estonian regulatory aspects of the proposed acquisition of OMX AB and on the related agreement with Nasdaq Stock Market Inc.
     

Endorsements