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67 New Articles

Attendees to the 2019 CEELM Winter Party were cornered, over the course of the evening, and asked, without warning or an opportunity to prepare, what achievement over the past 12 months they were proudest of.

Read more: The Viennese Waltz

Cobalt has successfully represented Estonia's largest waste handler Ragn-Sells AS in a dispute regarding the public procurement of a waste removal concession organized by the Vinni municipality in northern Estonia.

Read more: Cobalt Represents Ragn-Sells in Estonian Public Procurement Dispute

Cobalt Advises Luminor Bank on First-Ever Covered Bonds Issuance in Baltics

Cobalt has advised Luminor Bank on its inaugural issue of covered bonds, with an aggregate nominal value of EUR 500 million. The covered bonds are to be listed on the Euronext Dublin Stock Exchange.

Read more: Cobalt Advises Luminor Bank on First-Ever Covered Bonds Issuance in Baltics

Cobalt Helps Nuctech Warsaw Win Public Procurement Procedure for Tallinn Airport Deal

Cobalt has successfully helped Nuctech Warsaw Company Limited Sp. z o.o. win a public procurement procedure to sell the Tallinn Airport two baggage-scanning devices.

Read more: Cobalt Helps Nuctech Warsaw Win Public Procurement Procedure for Tallinn Airport Deal

Cobalt Successful for PNB Banka Before Latvia's Constitutional Court

Cobalt has successfully represented AS PNB Banka before Latvia’s Constitutional Court in a case involving the fee calculation for credit institutions for financing the Financial and Capital Market Commission’s operations.

Read more: Cobalt Successful for PNB Banka Before Latvia's Constitutional Court

Ellex and Cobalt Advise on Fan19's Acquisition of Engagecraft

Ellex Valiunas has advised Fan19 on its acquisition of 100% of shares of Engagecraft. Cobalt advised the unidentified seller on the deal, and financial details were not disclosed.

Read more: Ellex and Cobalt Advise on Fan19's Acquisition of Engagecraft

We will start the overview of the transport and logistics sector in Lithuania by showing the key figures of carriage of goods performed by Lithuanian carriers. The amount of goods carried by all means of transport in Q1 and Q2 of 2019 was 35,025 billion tonne-kilometres – over 16% more than over the same period in 2018, when the amount was 30,175 billion tonne-kilometres.

Read more: Transport & Logistics Overview of Lithuania in 2019

The law on carriage of goods is a well-harmonized area of international law –  a streamlined set of rules that allows cargo owners and carriers to save valuable time and resources. While freight forwarders are an important element of every consignment it is surprising that many elements of forwarder’s liability are still regulated by national law.

Read more: Forwarder or Carrier? Liability of a Freight Forwarder Under Latvian law

On 30 January 2020 the Latvian Parliament adopted amendments to the CIT Law. The amendments have not been promulgated and, therefore, the exact wording of the adopted amendments is not available yet. The amendments will come into force on the next day after their promulgation, which most likely will happen already this month.

Read more: Recent Amendments to the Latvian CIT Law Will Have an Impact on Foreign Real Estate Investors

Cobalt at a Glance

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.