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Cobalt Successful for Astro Vara in Lease Termination Dispute with Kermon

Cobalt Successful for Astro Vara in Lease Termination Dispute with Kermon

Estonia
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The Estonian office of Cobalt has successfully represented Astro Vara in a dispute with Kermon Hekta and Kermon, companies held by Kersti Kracht.

Astro Vara is an Estonian developer and manager of commercial real estate.

According to Cobalt, the conflict ensued after Kermon declared itself unable to pay rent for office space it was leasing in a building belonging to Astro Vara. According to the firm, Astro Vara exercised its right of security and terminated the lease agreement in order cover the debt, which Kermon alleged caused around EUR 1 million in damages to itself and Kermon Hekta.

On April 6, 2021, Cobalt reported, the Tallinn District Court upheld the judgment of the County Court, which had ruled that Astro Vara did not cause any damage to Kermon or Kermon Hekta.

Cobalt’s team included Managing Partner Jaanus Mody and Senior Associates Merle Veeroos and Kadri Michelson.

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