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Elina Varendi

Associate

Tallinn, Estonia

+372 626 4300

elina.varendi@tgsbaltic.com

Estonian, English, Russian, German

PROJECTS INVOLVED IN

Advising Admiral Markets, one of the most rapidly growing Forex traders in the EU and Australia, on setting up a cross-border compliance network as well as regulatory issues across the Baltics.

Advising the peer-to-peer lending platform EstateGuru on drafting EstateGuru Ltd licencing agreements as part of its expansion to the UK, considering the requirements set by the UK FCA on outsourcing agreements.

Assisting Estonian Cooperative Bank in the EFSA proceedings for obtaining the licence of a credit institution, which will be the first operating cooperative bank in Estonia and first done under the SSM regime.

Assisting IUVO in the preliminary assessment of Estonian regulation prior to its establishment, preparing necessary documentation, and assisting IUVO in obtaining a licence for credit intermediation from the Estonian Financial Supervision Authority via a P2P platform operated by IUVO.

Assisting the Kreditex Group in the submission of the application and, subsequently, in the EFSA proceedings for obtaining the licence of a payment institution.

Advising UPP & CO KAUNO 53 in the process of admission to trading on the First North market, NASDAQ's European market for growing companies.

Advising MiniCredit, a short-term loan provider active in Estonia, Latvia, Poland and Georgia, in establishing a debit card service system under the new legal framework set by directive 2007/64/EC.

Advising cross-border money transfer provider TavexWise, operating in eight countries in Europe, in acquiring a payment institution license under the PSD.

Advising Tomson Holding on issuing debt notes in a private offering, assisting the company in preparing issue terms and collateral agreements for the debt note issuance.

Acting as a collateral agent in the Finora Capital bond issue, holding pledges on claims, bank accounts, and real estate.

Acting as a collateral agent in BBFIN1, JPFinance and UVIC bond issues.

MEMBERSHIPS

2016 Estonian Bar Association

PROFESSIONAL CAREER

Since 2017 Associate, law firm TGS Baltic (formerly VARUL)
2016-2017 Associate, law firm VARUL
2016 Junior Associate, law firm VARUL 
2015 Intern, law firm VARUL

EDUCATION

2016 Academy of European Law, Summer Course on EU Regulation and Supervision of Financial Markets
2016 University of Tartu, Faculty of Law, MA
2014 University of Tartu, Faculty of Law, BA