Cobalt has successfully represented Lennuabi in a dispute with SmartLynx Airlines Estonia.

Karl-Erich Trisberg has been promoted to Equity Partner at Walless in Estonia.

Ellex Raidla has helped Tallinn-based R8tech obtain EUR 900,000 in funding from multiple investors.

Cobalt’s Riga office has advised Alexela Logistics on its acquisition of a majority stake in Kotka Tank Storage Oy.

Giedre Aukstuoliene at Ellex Valiunas in Lithuania and Martin Maesalu at Ellex Raidla in Latvia have made Partner, and Olga Petroseviciene has joined Ellex Valiunas as a Partner.

Lithuanian lawyer Asta Augutyte-Rapkeviciene and Estonian lawyer Norman Aas have been promoted to partner at at Sorainen.

Cobalt has advised AS Nordic Aviation Group on a EUR 8 million revolving loan facility agreement with Sihtasutus KredEx.

Triniti has advised Estonian national airline Nordica on the acquisition of the remaining 49% of Regional Jet OU (Xfly), a joint venture between it and Polskie Linie Lotnicze LOT. 

On November 10, 2020, CEE Legal Matters reported that Cobalt had advised Passion Capital on its USD 1.4 million seed-round investment into Warren.io. CEEIHM spoke with Tarmo Tael, Co-Founder & CEO at Warren.io, to learn more about the deal.

Ellex Raidla has advised Capital Mill and Estmak Capital on their sale of the Energate gas company  to the De Maria Project investment company. TGS Baltic advised the buyer on the deal.

Cobalt’s Tallinn office has advised early-stage investment fund Change Ventures on its investment in Tallinn-based computer vision startup Fyma. Hedman Partners advised Fyma on the deal.

“Since the spring of 2019 we have had a new parliament and government,” says Kadri Kallas, Partner at TGS Baltic in Estonia. “Much like in a number of countries around the world we have a populist party in our government. However, the party which had most votes was unable to form the government, so the second-ranked party, along with two others, formed it instead.” 

Ellex Raidla has advised Tera Ventures on its investment in Estonian property rental start-up Rendin.

Ellex Raidla has advised real estate development company Liven on its EUR 2 million bond issuance.

The Tallinn office of Sorainen, working with DLA Piper Helsinki, has advised paints producer PPG on a voluntary recommended public cash tender offer for all the shares in Tikkurila, a Nordic paint and coatings company. 

TGS Baltic’s Estonian office has successfully represented Pipes Building OU in a dispute against Narva Vesi AS, a company belonging to the Estonian city of Narva.

Ellex Raidla has advised the BaltCap Growth Fund on an acquisition of a majority stake in Tradehouse from founders Avo and Angela Kivimaa. PwC Legal advised the selling shareholders on the deal.

Nove has advised Elering on its agreement with Siemens Energy for the construction of three synchronous compensators for frequency stability of the electricity systems at the 330 kilovolt substations in the Estonian communities of Viru, Pussi, and Kiisa.