Cobalt has advised Interchemie on the court dispute and resulting agreement with competitor Kepro regarding the termination of Interchemie's lease agreement and eviction from their factory.
Interchemie Werken De Adelaar Estonia is a pharmaceutical company that produces veterinary products, including veterinary medicines, nutritional products, and disinfectants.
According to Cobalt, the dispute started as a company controlled by a former Interchemie board member sold the Viimsi property on which the Interchemie factory is located to its competitor, Kepro. The new owner sought to terminate the lease with Interchemie and demanded that they move out.
"Important results were achieved in court for Interchemie since a new lease agreement with the term of use of the Viimsi factory was obtained until the summer of 2038. The victory was existential for Interchemie's future operation, and failure to achieve it would have caused a loss of tens of millions of euros," the firm reported.
The Cobalt team was led by Managing Associate Lembit Tedder and included Partner Karina Paatsi, Managing Associate Annika Peetsalu, Senior Associates Tavo Tiits and Sandra Sillaots, Junior Associate Saara Maria Puur, and Assistant Lawyers Anette Jaani, Kristi Ojala, Jaanus Randma, and Rachel Sermat.