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Civil damages awards are one of the primary – and often most important – remedies for infringements of intellectual property rights. Damages serve both as compensation to the right holder for the economic detriment that results from an infringement and as a specific and general deterrent to would-be infringers. – The European Observatory on Counterfeiting and Piracy, “Damages in Intellectual Property Rights” (2009/2010).

Cobalt has advised AS Storent Investments, a rental equipment company operating in Baltics, Finland, and Sweden, on its acquisition of Cramo operative companies in Latvia (SIA Cramo) and Kaliningrad (OOO Cramo Kaliningrad) consisting of seven rental depots with 43 employees. Storent was advised on Russian aspects of the deal by Alrud, and Cramo Plc was advised by KPMG.

Sorainen has advised Eurovia – a subsidiary of VINCI, a transport infrastructure construction and urban development company, which operates in 15 countries and has 38,000 employees – on its acquisition of 68.75% shares in Saldus Celinieks, a Latvian builder of road infrastructure.

Eversheds Sutherland Bitans in Latvia and Eversheds Ots & Co in Estonia have represented the Republic of Estonia (in the form of the Estonian Road Administration) in connection with the recognition and enforcement of an Estonian arbitral award in Latvia against a prominent Latvian road construction company, recovering EUR 4.6 million for their client in the process.

Sorainen Estonia has advised NEFCO, an institution established by the five Nordic countries to finance green investment projects in Eastern Europe, on its subscription agreement with BaltCap for a EUR 3 million equity investment in the EUR 100 million BaltCap Infrastructure Fund, which will focus primarily on investments related to renewable energy, energy efficiency, and transport, as well as social infrastructure projects in Estonia, Latvia, and Lithuania. BaltCap was advised by the Deca Legal law firm.

Sorainen has advised Linstow, a shopping center developer and manager in the Baltic states, on its acquisition of real estate consisting of several separate buildings and a site exceeding 3 hectares in Riga, near the Alfa Retail Park.

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