Martti Peetsalu

Senior Associate

Tallinn, Estonia

+372 626 4300, +372 5554 4530

Estonian, English, German, Russian


Advising Danish company A/S Em. Z. Svitzer (part of A.P. Moller – Maersk group) in a complex dispute related to the collision of vessels in Estonian territorial waters.

Successfully representing the leading independent main financial services provider in the Baltics, Luminor (DNB Bank Estonian branch), in the Supreme Court. The dispute was related to interpretation of a surety agreement, which is very important for the bank, as its main activity is to lend money against security (surety).

Assisting DVB Bank America N.V. in a restructuring of financing agreements and takeover of the chartered and sub-chartered vessels operating in Germany and Estonia.

Representing Eesti Raudtee, the largest Estonian railway infrastructure company, in a dispute with the Estonian government over the return of PHARE funds.

Representing RLS Finance SA in arbitration and in the Supreme Court in a dispute with the Bank of Moscow on the acquisition of the shares of Krediidipank.

Representing Swedbank in the Supreme Court on insolvency issues regarding the sale of shares of a co-ownership in the enforcement and bankruptcy proceedings.

Representing the Estonian branch of Turkish Airlines against a client disputing the terms and conditions that allow the airline to cancel all subsequent flights after a no-show on the first flight.

Advising Oribalt in a matter related to the road carriage of pharmaceutical products and a subsequent claim of damage against the actual carrier.

Representing Russian bank OJSC Bank St Petersburg in several cross-border cases related to arrest and sale of a vessel, which has led to considerable clarification of maritime law practice.

Representing Operail (formerly EVR Cargo), the largest and oldest existing railway transport company in Estonia, in a dispute over rail carriage fees (interpretation of SMGS treaty).


2010 Estonian Bar Association
Estonian Association of Young Lawyers


Since 2017 Senior Associate, law firm TGS Baltic (formerly VARUL)
2014–2017 Senior Associate, law firm VARUL
2012 Intern, Law Firm Dabelstein & Passehl (Hamburg)
20082014 Senior Associate, law firm Glimstedt
20062008 Lawyer, Ministry of Foreign Affairs


2009 University of Tartu, Faculty of Law, MA
2006 University of Tartu, Faculty of Law, BA
2005 University of Rostock (Student Exchange Program)