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Ellex Raidla has advised Nordic Trustee & Agency AB on its role in Future Gaming Group International AB's bond issuance to finance its acquisition of ViisTek Media in Estonia and Unlimited Media in Malta. Sorainen Estonia advised ViisTek Media and its shareholders on that subsequent acquisition. Counsel for Future Gaming Group was not disclosed on either transaction.

Cobalt has advised venture capital fund Change Ventures on its investment in Festivality, a platform for bringing events onto mobile devices. By combining smart technologies, Festivality offers organizers a turn-key solution for bringing their events to smartphones.

According to TRACE Matrix 2016 results, Estonia is the third least corruption prone country in the world, minimizing the risk of liability under anti-corruption regulations. To date, there is no case law under FCPA rules concerning Estonia. Nevertheless, the legal framework set by the FCPA gives rise to theoretical problems of definition which may hinder its enforcement.

On Thursday, November 30th, leading legal practitioners from across Central and Eastern Europe gathered in Prague to help CEE Legal Matters celebrate its fourth successful year as the leading chronicle of the legal industry in the region, participating in an expert Round Table conversation about the year just concluded and enjoying an evening of dinner, drinks, and bonhomie. 

Cobalt has once again advised venture capital firm Karma Ventures, this time on its investment in Minut, Inc., a Scandinavian startup that has developed and is promoting Point, a new platform that lets homeowners connect over the Internet to their home security system.