Cobalt has advised the European Investment Bank on granting a EUR 39 million loan to plywood manufacturer Latvijas Finieris Group.
Cobalt Advises EIB on EUR 39 Million Loan to Latvijas Finieris Group
Latvia: Restrictions to Freedom of Expression in Light of Informational Warfare
Following Russia’s war in Ukraine, Latvia has adopted preventive legislation in the name of its national security and interests. In particular, in May and September 2022, the Latvian Parliament adopted amendments to the law aimed at strengthening its information space. Thus, it is no longer allowed to retransmit programs whose jurisdiction undermines or threatens the territorial integrity, sovereignty, or national independence of another country.
(Re)constructing Restructuring and Insolvency in CEE
There is a growing concern, across CEE, about a potential wave of insolvency and restructuring proceedings. Given the economic aftermath of COVID-19, coupled with the ramifications of rising inflation and interest rates, energy crisis concerns, and the war in Ukraine – the road ahead seems bumpy at best.
Cobalt Advises Helmes on TeleSoftas Acquisition
Cobalt has advised Helmes on its acquisition of Lithuanian software developer TeleSoftas.
Cobalt and Ellex Advise on HKScan Sale of Baltic Business to Maag Grupp
Cobalt, working with DLA Piper, has advised the HKScan corporation on the sale of its Baltic subsidiaries to the Maag Grupp. Ellex advised the buyer.
Cobalt Advises Bidcorp on Acquisition of Fruit Xpress
Cobalt has advised South Africa's Bidcorp on its acquisition of a majority stake in Fruit Xpress.
Cobalt and KPMG Law Advise on Mirova and Evecon Agreement for Solar Park Development in Estonia
Cobalt has advised Mirova Energy Transition 5 on signing an agreement with Evecon to develop solar plants in the Laaneranna, Pohja-Sakala, and Jarva municipalities in Estonia. KPMG Law Estonia advised Evecon.
Sorainen Advises Encavis on 69-Megawatt Wind Farm Acquisition in Lithuania
Sorainen has advised Encavis on its acquisition of a 69.3-megawatt onshore wind farm in Lithuania. Cobalt reportedly advised the sellers.
Cobalt Advises 3VC on Leading Pactum Round
Cobalt has advised 3VC on leading a USD 20 million investment round in AI-powered negotiation platform Pactum.
Did You Know: Five-Year Real Estate Leaderboard in Estonia
Did You Know that, according to the Activity Rankings function of the CEELMDirect website, Cobalt Partner Aivar Taro has worked on ten reported Estonian Real Estate deals over the past five years – more than any other lawyer?
Cobalt Successful for UAB Grifs Before Lithuanian Court of Appeal
Cobalt has successfully represented security services company UAB Grifs before a first-instance court and the Lithuanian Court of Appeal in a dispute regarding the company's alleged failure to properly perform its obligations toward a client.
Cobalt Advises BaltCap on Entering Latvian Social and Healthcare Sector
Cobalt has advised the BaltCap Private Equity Fund III – acting through its subsidiary Adoro – on acquiring the assets of Dzives Abece.
Cobalt Advises on Sale of VKG Soojus to Gren
Cobalt has advised district heating network company VKG Soojus on its sale to Gren.
Cobalt and Ellex Advise on Taba Invest and SBA Urban JV for Kaunas Project Development
Cobalt has advised Taba Invest on the development project for a 3.3-hectare area on the left bank of the river Nemunas in Kaunas through a joint venture with the SBA Group. Ellex advised the SBA Group.
Cobalt Advises Neo Performance Materials on Manufacturing Plant Development in Estonia
Cobalt has advised Neo Performance Materials – the parent company of NPM Silmet OU – on establishing a sintered rare-earth magnet manufacturing facility in Estonia.
Cobalt and Tark Advise on Modash USD 2 Million Pre-Seed Round with Change Ventures
Cobalt has advised Change Ventures on leading the USD 2 million pre-seed financing round for influencer marketing software start-up Modash. Tark advised Modash and its founders on the round.
Cobalt Advises Danone on Intra-Group Restructuring
Cobalt, working with Bech-Bruun, has advised Danone company Nutricia on its intra-group restructuring by incorporating Danone SIA into Nutricia SIA.
Cobalt Advises Rubylight on Investment in Yaga
Cobalt has advised Rubylight on its investment in the buy-and-sell platform Yaga.
Cobalt at a Glance
COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.
The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.
Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. 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 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony.
More information on COBALT can be found at www.cobalt.legal.