Cobalt has advised Schwenk Latvija on its long-term power purchase agreement with BaltCap Infrastructure fund and AJP Capital Solar Core Plus fund joint-venture PV Power.

Cobalt has advised the Nordic Secondary Fund II on its acquisition of a 10% stake in Cleveron AS. Eversheds Sutherland reportedly advised the sellers.

Cobalt has advised Italian company Italferr on its successful participation in the EUR 141.5 million Rail Baltica public procurement process for the provision of engineering consultancy and construction supervision services for the construction of the mainline in Latvia.

Cobalt has advised Karma Ventures on its additional investment in its portfolio company and traffic ecosystem solution provider Commsignia, part of the company's USD 15 million Series B round led by PortfoLion Capital Partners, Inventure, Day One Capital, and Inference Partners, together with Partech, and Credo Ventures.

Cobalt has successfully represented Germany's Bauer Spezialtiefbau before the Administrative District Court in a dispute related to a VAT refund for the company against the State Revenue Service of Latvia.

Cobalt has advised the Astor Group on its EUR 25 million loan from Rietumu Banka to support the development and operation of its hotel properties in Riga.

Cobalt has advised Change Ventures on leading a EUR 3.6 million investment round into Latvian advertising experience platform Monetizr, with the participation of Techstars and Ludus Ventures.

Cobalt has advised the shareholder of the Adfactory Group on selling part of their shares in the company to German signage and advertising technology specialist Marahrens, with the two companies entering a strategic partnership.

Cobalt has successfully represented Lithuanian poultry farm Gireles Paukstynas before the Supreme Court of Lithuania in a dispute with insurer Lietuvos Draudimas regarding the insurer's refusal to recognize the state-mandated slaughter of sick birds as an insured event.

Lithuania hopes for the best and prepares for the worst by further tightening its banking and fintech regulations, following the latest decisions and position papers issued by the supervisory authority. Despite talks of a recession, the banking and finance market remains active, according to Cobalt Partner Akvile Bosaite.

Cobalt has advised Change Ventures on leading a EUR 2 million investment round in Formaloo. Other investors included Hyde Park Venture Partners, Mana Ventures, and Startup Wise Guys.

Cobalt has advised Highland Europe on its investment in PVcase, together with Elephant and Energize. 

Cobalt successfully represented TREV-2 Group in a lawsuit involving a former employee sending several sensitive employer materials to their personal e-mail address shortly before the termination of his employment.

Cobalt has advised the European Bank for Reconstruction and Development on an equity investment in Sunly. 

Did You Know that 12 firms in Central and Eastern Europe worked on more than 16 client matters reported by CEE Legal Matters in the first half of the year? According to the Activity Rankings function of the CEELMDirect website, two firms worked on more than 40 client matters reported by CEE Legal Matters in the first six months of 2023: Schoenherr, which worked on 42, and Clifford Chance, which worked on 41.

Cobalt has advised the City of Tallinn on renegotiating the PPP contracts with Vivatex Holding and the BCA Center for the lease of ten school buildings in the city. Walless advised the BCA Center.

Cobalt has advised the Enery group in obtaining funding from Swedbank for the construction of a new solar park.

Cobalt has advised Mirova Energy Transition in obtaining construction funding from Swedbank for the development of new solar parks in Estonia.