Cobalt has advised Treeland OU on the acquisition of a 51% stake in Latvian catering company Lido AS for an undisclosed amount.
Cobalt Advises Treeland OU on Acquisition of Majority Stake in Lido AS
Real Estate and Project Development News
During the last few months number of laws and regulations have been passed in Latvia which have an impact on construction processes, investment in the Latvian real estate and project development.
Cobalt Helps Fortumo with Press Council Complaint
Cobalt has helped Fortumo file a complaint to the Press Council regarding incorrect and misleading articles and headlines in the Aripaev and Postimees publications.
Cobalt Advises European Energy on Wind and Solar Farms Projects in Lithuania
Cobalt has advised Danish renewable energy producer European Energy on its acquisition and development of wind and solar farms in Lithuania.
Cobalt Advises Nordic Secondary Fund on Acquisition of Shares in Fiizy
Cobalt has advised the Nordic Secondary Fund on its acquisition of shares in Estonian financing facility company Fiizy.
Cobalt Advises Aktiva Finants on Acquiring Viena Saskaita
Cobalt has advised Estonia's Aktiva Finants on its acquisition of Viena Saskaita, the first and largest specialized payment platform in Lithuania, from ME Investicija.
Orrick, Cobalt, and Withers Advise on Interactio Series A Funding
Orrick, working with the Lithuanian office of Cobalt, has advised Interactio, a Lithuania-based remote interpretation platform, on its recent USD 30 million Series A funding round, which was co-led by Eight Roads Ventures and Storm Ventures included Notion Capital and Practica Capital and angel investors such as Jaan Tallinn, the co-founder of Skype, and Young Sohn, ex-chief strategy officer of Samsung. Withersworldwide advised the investors.
Cobalt Advises Banks on Latvenergo’s Green Bonds Issuance
Cobalt has advised joint lead managers Luminor and Swedbank on Latvenergo AS’s EUR 50 million green seven-year maturity bonds issuance.
Sorainen Advises YIT on Sale of Paving and Mineral Aggregates Business in Estonia
The Tallinn office of Sorainen has advised YIT on the sale of its paving and mineral aggregates business in Estonia to KMG Inseneriehitus. Cobalt reportedly advised the buyer.
Belarus: Improvements on Property Sale in Insolvency Proceedings
On November 13, 2019, the Resolution of the Ministry of Economy of the Republic of Belarus dated April 01, 2019 No. 9 “On electronic auction for the sale of property in economic insolvency (bankruptcy) proceedings” entered into force (the “Resolution”).
Cobalt Advises Wolt in Competition Supervision Proceedings in Estonia
Cobalt has successfully advised Wolt Eesti in proceedings before the Estonian Competition Authority relating to the company’s price parity conditions.
Cobalt Advises Reefo on Acquisition of Nidos Banga Hotel in Lithuania
Cobalt has advised real estate developer Reefo on its EUR 6 million acquisition of the Nidos Banga hotel in Lithuania.
Cobalt Advises Prosperus Asset Management on Acquisition of Lithuanian Shopping Center
Cobalt has advised Prosperus Asset Management on its acquisition of a shopping center in Klaipeda, Lithuania, from Raseiniu Pletra.
Cobalt Successful for Astro Vara in Lease Termination Dispute with Kermon
The Estonian office of Cobalt has successfully represented Astro Vara in a dispute with Kermon Hekta and Kermon, companies held by Kersti Kracht.
Walless and Cobalt Advise on KJK's Acquisition of Shares in Alwark Group
The Vilnius office of Walless has advised the unidentified founders of the Alwark Group on the sale of 66% of their shares in the company to the KJK Fund III. Cobalt advised the buyer on the deal.
Cobalt Provides Pro Bono Legal Assistance to Association of LGBT and Their Friends Mozaika in Proceedings Before Latvian Constitutional Court
Cobalt has filed an Amicus Curiae brief on behalf of the Association of LGBT and Their Friends Mozaika in the Constitutional Court of Latvia in a case regarding the state fee applicable to testator’s same-sex partner.
Cobalt Advises Estonian Institute of Historical Memory in Procurement of Design for Anti-Communism Museum
Cobalt has advised the Estonian Institute of Historical Memory foundation in the planning and carrying out a public procurement process for the design of the International Memorial Museum for the Victims of Communism planned for Tallinn's Patarei Prison.
Estonia: Extended Salary Subsidies in March and April
The subsidies will be paid for March and April 2021.
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.