Cobalt has advised AS Toode majority shareholder Amber Trust II SCA on the sale of its shares to Kingspan Group company Joris Ide NV.
Cobalt Advises Storent Holdings on EUR 10.5 Million Bond Issuance
Cobalt has advised Latvian construction equipment rental company Storent Holdings on its EUR 10.5 million issuance of bonds with an 11% interest rate and December 2025 maturity as well as on their listing on the Baltic Bond List of Nasdaq Riga on June 27, 2023.
Cobalt and Vilgerts Advise on Hepsor Latvia's Sale of StokOfiss U30 in Riga to East Capital
Cobalt has advised Hepsor Latvia on its sale of the property located at Ulbrokas Iela 30 in Riga to the East Capital Real Estate Fund IV in a share deal. Vilgerts advised the East Capital fund.
Cobalt Advises BaltCap on Acquisition of HansaMatrix
Cobalt has advised BaltCap Private Equity Fund III on its acquisition of HansaMatrix via subsidiary SIA Emsco.
Arbitration Association of Central and Eastern Europe Launches in Bratislava
On June 7, 2023, the Arbitration Association of Central and Eastern Europe – ArbCEE – was officially launched in Bratislava.
Latvia: Supreme Court Sheds Light on Liability of Building Owners for Accidents on Premises
At the end of 2022, the Latvian Supreme Court finally made a judgment in one of the dozens of civil cases stemming from the so-called Zolitude tragedy. 54 people died and dozens were injured back in 2013, when the roof of a trade center located in one of the suburbs of Riga, Zolitude, collapsed.
Cobalt and Walless Advise on Linas Agro Group's Acquisition of Grybai LT
Cobalt has advised the Linas Agro Group on its acquisition of Grybai LT from Auga. Walless advised Auga.
Cobalt and Ellex Advise on BaltCap's Acquisition of Senior Baltic
Cobalt has advised BaltCap on its acquisition of Senior Baltic from Orpea. Ellex advised the seller.
Cobalt Advises 888 Holding on Sale of Two Latvian Businesses to Paf Consulting
Cobalt has advised the 888 Holding on its sale of two Latvian businesses – Mr. Green Latvia and William Hill Latvia – to Paf Consulting for a total consideration of up to EUR 28.25 million. QAP Legal reportedly advised Paf Consulting.
Skrastins & Dzenis Advises Darta on Acquisition of Riga Real Estate
Skrastins & Dzenis has advised Darta on its acquisition of a real estate property in Riga from Gulf RE and Grandlion RE.
Capital Markets in Latvia
Contributed by Cobalt.
Sorainen and Cobalt Advise on BaltCap Acquisition of Hansab
Sorainen has advised BaltCap on its acquisition of a 70% stake in the Hansab Group. Cobalt advised Hansab's majority shareholders on the sale.
Cobalt Successful for Tukuma Auto Against Autotransporta Direkcija
Cobalt has successfully represented the interests of Tukuma Auto in a dispute against the Road Transport Administration in Latvia regarding amendments to procurement agreements executed with Nordeka for the provision of public transport services by buses on regional route networks.
Maris Liguts Returns to Private Practice as Fort Legal Partner
Former Baltic International Bank Management Board Member Maris Liguts has returned to private practice by joining the Riga office of Fort Legal as a Partner, starting May 2023.
Ellex Advises Adven Group Companies in Latvia on Joining Global Financing
Ellex has advised the Latvia-based companies of the Adven Group on joining the consolidated financing available to the Adven Group globally, secured by commercial pledges.
Cobalt and Ellex Advise on Amber Beverage Group EUR 30 Million Bond Issuance
Cobalt has advised the Amber Beverage Group on its EUR 30 million issuance of four-year senior secured bonds with Signet Bank as the arranger. Ellex was the collateral agent on the issuance.
Sorainen Successful for AS Cata Before Administrative Court
Sorainen has represented Latvian transport company AS Cata before the Administrative Court in a dispute over the right to conclude a public contract for passenger transport in the region of Vidzeme.
Ellex and KPMG Law Advise on Eesti Gaas’ Acquisition of Gaso from Latvijas Gaze
Ellex has advised Eesti Gaas on its EUR 120 million acquisition of Gaso from Latvijas Gaze. KPMG Law advised the seller.