Rain Raa



+372 511 5062

Rain Raa is a counsel specialising in banking and finance. Before joining Ellex in Estonia, Rain worked as a corporate and commercial banking lawyer for AS SEB Pank and UniCredit Bank AS Estonian Branch (formerly HypoVereinsbank AG Estonian Branch) and has advised banks on several major domestic and international financing and syndicated loan transactions.

Rain is a graduate of the Faculty of Law of the University of Tartu and holds a masters degree in LL.M. Finance from the University of Frankfurt in Germany as part of the masters program at the Institute for Law and Finance.

Rain previously worked at the Ministry of Finance and the Financial Supervision Authority, and also completed banking law practice at Dresdner Bank AG (now Commerzbank AG) in Hamburg and at Shearman & Sterling law firm in Frankfurt.


University of Tartu, Estonia

University of Tartu, Estonia Bachelor of Laws (LL.B.), officially equivalent to MA


Goethe University Frankfurt (Germany), Institute for Law and Finance

Master of Laws (LL.M.), Finance


Sündikaatlaen on võimalus suureks finantseeringuks (Syndicated loan is an opportunity for great financing)

Talgre, M., Raa, R.. Portfolio. SEB Eesti Newsletter, Spring 2011.


Juridica, 5, 301–311

Sidorenko, N., Raa, R. (2009). The Character of and Legal Issues related to Syndicated Loans.


Juridica, 3, 171–176

Raa, R., Siibak, K. (2002). Banking secrets.


Juridica, 3, 147–152

Raa, R. (2001). Introduction to banking law.