Cobalt has advised plywood producer Latvijas Finieris on the investment project for the expansion of its RSEZ SIA Verems production facility in the Rezekne district.
Cobalt has successfully ensured the dismissal of bodily harm charges filed against Latvian journalist Olga Dragileva.
After a bit of a slowdown following the start of the war in Ukraine, the Latvian markets bounced back, with the financial and energy sector being particularly active, according to Cobalt Partner Dace Silava-Tomsone.
Cobalt has advised Practica Capital on its investment in a wellness and rehabilitation center in Druskininkai operated by UAB Upa MCT. Walless advised UAB Upa MCT.
Cobalt has advised Asgaard Oriens on its investment in a vertical farm in Lithuania co-developed by the Leafood Group. Motieka and Audzevicius advised the Leafood Group.
Cobalt, working with Mayer Brown, has advised Aurelius on the acquisition of McKesson UK. Sorainen advised the seller.
Cobalt has advised Bewi on its acquisition of the Lithuanian insulation company UAB Baltijos Polistirenas. Triniti advised the sellers on the deal.
Cobalt has advised Norwegian technology company Kongsberg Defense & Aerospace on the acquisition of the Lithuanian small satellite manufacturer NanoAvionics. TGS Baltic advised NanoAvionics founders Vytenis Buzas and Linas Sargautis who, together with AST & Science, sold NanoAvionics. Ellex advised AST & Science.
Cobalt has advised the BaltCap Latvia Venture Capital Fund and other shareholders on their sale of Vendon to Azkoyen. Garrigues reportedly advised the buyer.
Cobalt has advised Asuntosalkku on its listing to the Nasdaq First North Growth Market in Finland. Bird & Bird reportedly also advised Asuntosalkku.
Cobalt has advised vehicle parts distributor Meko on its EUR 122 million acquisition of spare parts and services provider Koivunen.
Cobalt has successfully represented AirBaltic and the Riga International Airport before the Supreme Court of Lithuania against antitrust claims brought by bankrupt carrier FlyLAL.
Cobalt has advised Hepsor on its EUR 3.6 million acquisition of the 30,624 square-meter Ganibu Dambis 17A commercial property in Riga from unidentified sellers.
Stable markets and an increase in start-up and tech sector professionals are looking good for Lithuania right now, but there are some standing hurdles within competition regulations that could stifle the free movement and growth of business, according to Cobalt Partner Elijus Burgis.
Cobalt has successfully represented Food Union group company Rigas Piena Kombinats in a court dispute against a former employee regarding the invalidation of the termination notice and the recovery of unpaid wages.
Cobalt has advised real estate developer VPH on the development of a shopping complex on the site of the former Riga Dairy Factory, in the center of Riga, with a total investment of up to EUR 40 million.
Cobalt has successfully represented Eolus Vind subsidiary Pienava Wind before Latvia's Administrative Regional Court in a dispute against the Tukums Municipality for the approval of the construction of a 22-turbine wind farm.