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Nove Successful for AS MV Kaubad in Estonia's Supreme Court

Nove Successful for AS MV Kaubad in Estonia's Supreme Court

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Nove has successfully represented AS MV Kaubad in a dispute before the Estonian Supreme Court.

On June 19, 2019, the Supreme Court partially satisfied the appeal of AS MV Kaubad in a dispute concerning its purchase of AS Jahipaun shares. 

The dispute involved representations about the financial situation of AS Jahipaun that were made to AS MV Kaubad by the unidentified seller in the transaction and other pre-sale information. 

According to Nove, both the County Court and the Circuit Court found that the seller provided incorrect information [about] the value of AS Jahipaun's assets, but that AS MV Kaubad's claim was time-barred by a provision in the sale contract. According to the firm, the Supreme Court reversed the decisions of the lower courts and ruled that the claim was not time barred after all.

AS MV Kaubad was represented by Nove Partners Kristjan Tamm and Arsi Pavelts.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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