Cobalt has helped Fortumo file a complaint to the Press Council regarding incorrect and misleading articles and headlines in the Aripaev and Postimees publications. 

Sorainen has advised state-owned Swedish energy group Vattenfall on its EUR 1 million seed investment into Fermi Energia.

On January 18, 2021, CEE Legal Matters reported that Cobalt had advised Practica Capital on its investment in Lithuanian start-up Biomatter Designs – part of the latter's EUR 500,000 investment round. CEEIHM spoke with Donatas Keras, Co-Founding Partner at Practica Capital to learn more about the matter.

PwC Legal Estonia has advised Krauss-Maffei Wegmann on its acquisition of a 24.9% stake in Milrem Robotics.

Sorainen has helped Estonian mortgage loan provider Clementer obtain a creditor’s license.

Cobalt has advised the Nordic Secondary Fund on its acquisition of shares in Estonian financing facility company Fiizy.

Cobalt has advised Lixea on an investment of EUR 2 million into the company by the European Innovation Council Fund.

Eversheds Sutherland Ots&Co has advised Estonian investment firm MM Grupp OU on its acquisition of control over Forum Cinemas OU in Estonia, as well as its branches in Latvia and Lithuania.

Cobalt has advised Estonia's Aktiva Finants on its acquisition of Viena Saskaita, the first and largest specialized payment platform in Lithuania, from ME Investicija.

The Tallinn office of Sorainen has helped Estonian non-governmental organization Eesti Tsiviilallianss submit proposed amendments to Estonia's Communicable Diseases Prevention and Control Act to the Estonian parliament.

Sorainen has advised Graphic Packaging International on the Estonian aspects of its approximately USD 1.45 billion cash acquisition of the AR Packaging Group from the CVC Capital Partners Fund VI. DLA Piper Stockholm was lead counsel to GPI on the deal.

Sorainen, working alongside Taylor Wessing in Germany, has advised IT lifecycle company Foxway on its acquisition of recommerce business Flip4 from shareholders including its founders and Media-Saturn-Holding GmbH. Financial details were not disclosed.

The Tallinn office of Sorainen has advised YIT on the sale of its paving and mineral aggregates business in Estonia to KMG Inseneriehitus. Cobalt reportedly advised the buyer.

Sorainen has helped Estonian payment service provider Wallester obtain a license from the Estonian Financial Supervision and Resolution Authority to provide services cross-border in all EU and EEA states.

TGS Baltic has advised FitSphere on a seed-round involving multiple investors.

Cobalt has successfully advised Wolt Eesti in proceedings before the Estonian Competition Authority relating to the company’s price parity conditions.

Ellex Raidla has advised Superangel on an investment in ParcelSea, made as part of a EUR 935,000 financing round.

Estonia’s real estate market is going strong despite the uncertainties and hardships caused by the COVID-19 pandemic. The number of real estate transactions was 20% higher and the total value of transactions 31% higher in the fourth quarter of 2020 than the same quarter the year before (and up 11% and 31% from the third quarter of 2020). As prices also continue to rise – the composite real estate index rose 10% year-on-year – Estonia remains an attractive place for real estate investments. Recent changes, further digitizing the transactions, are making it easier than ever for foreign investors.