Cobalt has successfully represented the interests of the Suislepp family against false allegations published in Postimees and Louna-Eesti Postimees relating to Ilvi Suislepp's tenure as a school principal.
Cobalt Advises BayWa and EdgeCap Partners on Investment in Roofit.Solar
Cobalt has advised BayWa r.e. Energy Ventures and EdgeCap Partners on leading the EUR 6.45 million investment round into Roofit.Solar.
Estonia: Developments in Corporate Criminal Liability
White-Collar Crime is commonly thought of as something only a natural person can be held liable for. Although this might be the case in some jurisdictions, it does not apply in Estonia. The Estonian legal system allows companies to be held criminally liable alongside or separately from their representatives.
The Estonian Approach to Foreign Direct Investment Control
On May 1, 2023, the Foreign Investment Reliability Assessment Act, currently under adoption by the Estonian Parliament, will likely enter into force. Looking at the European Union as a whole, the push towards more supervision over foreign investors is not novel. What is new, is the Estonian approach to it and why this approach was taken.
New Exclusion Grounds in Latvian Procurements: Fair Play?
As of January 1, 2023, new rules regulating exclusion grounds will be applicable in Latvian procurements. This comes after the Latvian Competition Council discovered a bid-rigging scheme in the construction sector involving almost all of the largest Latvian construction companies. Notably, the period of exclusion will be extended, and the commencement date will be brought forward.
Commercial Real Estate in Latvia
Latvia’s commercial real estate market saw a high volume of transactions in the past few years, involving shopping centers, stores, offices, and other types of properties. Cobalt Managing Partner Dace Silava-Tomsone, Ellex Klavins Partner Ilga Gudrenika-Krebs, and BDO Law Head of Legal Raivis Leimanis chart the market’s performance in a foggy 2022.
The CEE Winter Shutdown
With numerous reports of energy-related business shutdowns, we reached out to local experts across CEE to understand what different markets have been dealing with, in terms of work and production stoppages, and look into the broader impact.
Cobalt Advises on Sale of SBS Group to Arkance
Cobalt has advised the shareholder of the SBS Group on the sale of the company to Monnoyeur subsidiary Arkance.
Cobalt Advises on EUR 50 Million Latvenergo Green Bond Issuance
Cobalt has advised Latvenergo on its EUR 50 million issuance of six-year green bonds with a fixed annual interest rate and a yield to maturity of 4.952%.
Did You Know: Early 2023 CEE Leaderboard
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, nine law firms in Central and Eastern Europe got off to an exceptionally strong start in 2023, with five client matters or more reported on by CEE Legal Matters in the first month of the year alone?
Cobalt Successful for UAB Grifs Before Competition Council in Lithuania
Cobalt has successfully represented UAB Grifs before the Competition Council of Lithuania in an investigation concerning potential market-sharing agreements.
Cobalt Advises Salv on EUR 4 Million Seed Investment Round
Cobalt has advised Salv on its EUR 4 million seed investment round led by ffVC with participation from German G+D Ventures.
Cobalt Advises Lightrock and Haniel on USD 30 Million Round for Aerones
Cobalt has advised Lightrock and Haniel on leading a USD 30 million investment round into Aerones.
Despite Fears, War Did Not Tip the Scales of the M&A Market in 2022
As the year draws to a close, we traditionally check the results. Therefore, let's review the transaction market of 2022. If I had to choose, I would consider the birth of the second unicorn to be the most significant event in Lithuania. Globally, it must be the USD 44 billion deal between Elon Musk and Twitter, which has probably boosted popcorn sales worldwide.
Cobalt Advises Joint Lead Managers on EUR 750 Million Republic of Latvia Eurobond Issuance
Cobalt, working with Clifford Chance, has advised joint lead managers Deutsche Bank, Citigroup Global Markets Europe, Erste Group, and Nomura Financial Products Europe on the EUR 750 million issuance of five-year eurobonds by the Republic of Latvia. Allen & Overy reportedly advised the Treasury of the Republic of Latvia.
Cobalt Advises EECP on Sale of Retail Store Portfolio in Lithuania
Cobalt has advised Norwegian investment company EECP on its sale of a grocery-anchored retail store portfolio in Lithuania.
Cobalt Advises Samsung C&T on Investment in Forta Pro
Cobalt has advised Samsung C&T on its investment and business collaboration with Latvian industrial manufacturer Forta Pro.
Did You Know: CEE 2022 Leaders According to CEELM Direct
Did you know that Dentons worked on more reported client matters in Central and Eastern Europe in 2022 – 86 – than any other firm (with Sorainen only one behind), and that Andrzej Stosio of Clifford Chance in Poland worked on more client matters than any other lawyer in the region – 13 (with Mantas Petkevicius of Sorainen in Lithuania and Roxana Ionescu of Radu Taracila Padurari Retevoescu in Romania both only one behind, with 12)?