CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Cobalt has successfully represented the Central Election Commission of Latvia before the Latvian Administrative District Court in a case regarding the cancellation of 2019 EP election results.
Cobalt has advised Karma Ventures as a lead arranger on its USD 3.65 million investment in Infermedica, a provider of artificial intelligence technology solutions for healthcare companies.
Cobalt has helped UAB Wittix obtain an electronic money institution license for unrestricted activity.
Cobalt has advised AB SEB Bankas on arranging the EUR 70 million notes issue program of AS Attistibas Finansu Institucija Altum and issuance of EUR 15 million notes with a yield of 0.95%.
Cobalt Estonia has advised venture capital firm Karma Ventures and Sorainen Latvia has advised Practica Capital on their co-financing of EUR 5 million series A investment in Sonarworks.
Motieka & Audzevicius has advised Orion Private Equity Fund I on the acquisition of a stake in Lithuania's Alna Business Solutions, Alna Software, and DocLogix IT companies. Cobalt advised Alna Group, the seller.
Cobalt Estonia has compiled instructional materials for KredEx regarding the general principles of public procurement.
Cobalt Vilnius has advised Interactio, a Lithuanian start-up that developed a smart interpretation system, on attracting an investment of EUR 435,000 from business angels and the Co-Investment Fund.
Cobalt has advised Estonia's Ministry of Economic Affairs and Communications on drafting a model energy performance contract for the public sector in compliance with the EU Energy Efficiency Directive.
Cobalt has analyzed the compliance of activities of AS Eesti Teed with the rules on state aid in Estonia.
Cobalt has advised Tallinna Linnatranspordi AS, a public transportation company owned by the City of Tallinn, on the addition of bus routes.
Cobalt is advising its long-term client AS Ragn-Sells on an agreement it entered into with Eesti Energia to to research the possibility of recycling and increasing the value of oil shale ash.
Cobalt is advising Roche Latvija on the reconstruction of Roche's historic headquarters in Riga, as well as on an agreement with Italian contractor Novatek to level the building.
Cobalt has advised the shareholders of the TMB Group on the sale of its Finnish and Latvian operations to the Consolis Group, a European supplier of precast concrete solutions, acting through is Finnish entity, Parma Oy. Ellex Raidla, acting with Finland's Krogerus and Sweden's Setterwalls law firms, advised the buyers.
Cobalt has advised the BaltCap Growth Fund on investing almost EUR 3 million of growth capital in Viru Haigla AS to expand the Pihlakodu chain of elderly care homes. As a result of the transaction, BaltCap will acquire a minority shareholding in Viru Haigla AS.
Cobalt has advised BaltCap on the sale of its 95% stake in Baltic-based Fitek Holding to the UnifiedPost Group, which was advised by Belgian law firm Quorum and Ellex Raidla.
Cobalt has advised Nextclinics International GmbH on the acquisition of a 100% stake in reproductive medical services provider F-Est OU, the owner of the Fertility Clinic Nordic assisted reproductive technology clinic. The value of the deal was not disclosed.
Cobalt has helped Earthport Payment Services UAB obtain a payment institution license from the Bank of Lithuania.
COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market.
COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.
We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.
COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables.
More information on Cobalt can be found at www.cobalt.legal.