Experts / Kaarel Eller

Kaarel Eller

Specialist Counsel / Estonia

About

Kaarel Eller is a Specialist Counsel of the COBALT Estonian banking and finance practice group and he co-leads the Insurance industry.

Kaarel has extensive experience in the public sector, including long experience in the Ministry of Finance, where he held various positions in the Financial Markets Department and later on as the Head of the Legal Department. There he was tasked with drafting some major legislative acts for the Estonian financial sector, including the first Estonian covered bond act and transposing PSD2 into the Estonian payment institutions and e-money institutions act. Prior to joining COBALT, Kaarel worked for an international law firm.

Kaarel is a member of the Estonian Bar Association since 2020.

Practice

Recognition

Experience

Banking, Finance and Capital Markets – Hall of Fame, The Legal 500 2025
FinTech – Leading Associate, The Legal 500 2025
Banking, Finance and Capital Markets/Fintech – Rising Star, The Legal 500 2024

Languages

Estonian, English, German

Membership & education

Estonian Bar Association (2020)
Bachelor of Arts degree, (equal to master´s degree qualifications), Faculty of Law, University of Tartu (2006)
Humboldt University Berlin, guest student (2008)

AS LHV Pank successfully defended its position in proceedings with the Financial Intelligence Unit

2025 - 03 - 13

Inbank signs its first synthetic securitisation with the European Investment Bank Group

2024 - 12 - 12

Coop Pank AS received an additional license for issuing covered bonds

2024 - 11 - 22

C.D Holding Internationale acquires a majority stake in Stebby OÜ

2024 - 06 - 26