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Cobalt has advised the SEB Bank and Public Investment Development Agency on their provision of a EUR 8.4 million loan to BaltCap Infrustructure Fund and the Kaunas District Municipality, designed to finance the renovation of schools in the the towns of Zapyskis, Kacergine, and Mastaiciai and the modernization of the Mastaiciai swimming pool.

Cobalt’s Riga office has successfully represented SIA Latsson Licensing, the owner of online gaming platform Betsafe Latvia, before the Constitutional Court of Latvia regarding the restrictions on its provision of interactive gaming services during a state of emergency.

The Vilnius office of Cobalt has advised Practica Capital on the EUR 1 million investment it made along with a group of other, unidentified, private investors in the RRR.lt online platform for the sale of used car parts. Wint advised the owner of the platform on the deal.

Cobalt has advised Estonian fintech company Modularbank on raising EUR 4 million of late seed funding. The round was led by Karma Ventures and BlackFin Capital Partners, with additional support from Plug and Play Ventures, Siena Capital, and angel investor Ott Kaukver. 

The Vilnius District Prosecutor's Office has terminated a pre-trial investigation against the former Speaker of the Lithuanian Parliament, Arunas Valinskas, involving charges of incitement of hatred. Cobalt represented Valinskas in the process.

Cobalt has advised  AS Ekspress Grupp, a Baltic media group listed on the Tallinn Stock Exchange, on the conclusion of the employees share option program and the setting up of a new option program. LHV Pank was involved as the arranger in carrying out the issue.

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.