Tue, Dec
60 New Articles

Cobalt Estonia has advised venture capital firm Karma Ventures on its investment in SpectX, a startup founded by former security engineers at Skype and Swedbank that is developing an analytics software solution for rapid processing of unlimited amounts of data.

The 2017 CEE Legal Matters General Summit took place at the Intercontinental Hotel in Warsaw on June 1-2, 2017, once again bringing together well over a hundred General Counsel and Heads of Legal from across Central and Eastern Europe for two full days (and one entertaining evening) of seminars, panel discussions, best practices review, and networking. This year’s event — the third annual, following the 2015 GC Summit in Budapest and the 2016 GC Summit in Istanbul — was the biggest and most successful yet.

On May 31 and June 1, 2017, CEE Legal Matters was proud to host a rare event: A gathering of those senior lawyers from each Central and Eastern European country identified by peers as being most influential, most important, most uniquely responsible for having created the country’s modern commercial legal market.

Sorainen advised CPA:17-Global on the acquisition of a 70% position in a joint venture with Baltic Retail Properties. The portfolio includes eighteen retail stores and one logistics facility in locations throughout Lithuania, Estonia, and Latvia. The assets are leased on a long-term basis to Kesko Senukai, a prominent do-it-yourself retailer in the Baltic States.

Cobalt Estonia has advised a newly launched venture capital fund, Change Ventures, on Estonian law issues with respect to fund formation and on their first three investments, into Interactio (a Lithuanian startup that provides a simultaneous translation app that fully replaces interpretation hardware for live events), Timbeter (an Estonian startup that offers a smart-device solution for accurate timber measurement and data management), and Guaana (an Estonian startup that provides an online platform for allocating scientific research grants based on peer evaluation).

Glikman Alvin's Paul Keres has successfully defended Kaur Kender, who the firm identifies as "Estonia’s most controversial writer," against the criminal charge of creation and dissemination of child pornography in his work.

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.