Cobalt has advised Sten Tamkivi and Silver Keskkula, the founders of the start-up Teleport, on the sale of the company to British technology company MOVE Guides, which moves and manages the mobile workforce. Terms of the deal were not disclosed.
Cobalt has advised the Estonian Development Fund and its investment company SmartCap on the transfer of their venture capital direct investment portfolio to private fund manager Tera Ventures. The portfolio consists of 12 companies, among them international success stories like Jobbatical, Cleveron, Lingvist, Monese and Realeyes.
Njord's Estonian office has advised AS Testfilm on the acquisition of a business line focusing on the cure of sleeping disorders and the provision of different specialized medical services from Unimed Grupp OU. Rask Attorneys-at-Law advised Unimed Grupp on the deal, which is expected to close before May 1, 2017.
Arsi Pavelts of Nove and Paul Varul from Varul — the Estonian office of Tark Grunte Sutkiene — have successfully represented Netica OU before the Estonian Supreme Court in a dispute with Paldiski Logistikapark OU and OU Riigiressursside Keskus revolving around, according to Nove, "acknowledgement of obligation."
According to Estonia's Nove law office, a study conducted by two of its lawyers that was commissioned by Estonia's Ministry of Justice and the Government Office and carried out in cooperation with the Estonian Center for Applied Research (CENTAR) has revealed that in order to better protect the interests of creditors and shareholders, cross-border mobility of companies should be easier and more expressly regulated.