CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
RASK attorney-at-law Siret Saks has provided pro bono advice to the Estonian National Culture Foundation, helping it resolve issues concerning the will and testamentary estate of Tiiu Alliste, important to the launch of the new Harmatali scholarship fund dedicated to the support of Estonian children’s literature.
Sorainen Estonia has advised BoostMe, a manufacturer of superfood blends, on its successful raising of approximately EUR 220,000 through the Funderbeam crowdfunding platform.
Cobalt has advised Karma Ventures on a series A round investment in Estonia's Xolo. Eversheds Sutherland Ots & Co advised Xolo on the deal.
TGS Baltic has advised early-stage venture capital firm Creandum on its investment into the Tallinn-based startup Klaus (formerly Qualitista). The Tark law firm advised Klaus.
Nove has advised Futurma OU on its sale of 100% shareholding in Mercurio OU to OneMed OU in Estonia. PwC Legal advised OneMed on the acquisition.
Mari Matjus has been promoted from Associate Partner to Partner at the Nove law firm in Estonia.
Ellex Raidla has advised ISS on the sale of its Eesti AS subsidiary to private investors Triinu Reinold, Ulo Kallas, Roberto de Silvestri, and Elio Cravero.
Pohla & Hallmagi has advised Norwegian Karmsund Group on the EUR 7 million acquisition of an office and warehouse block near the Tallinn Airport from local real estate developer Waiper Invest OU.
According to Alterna Partner Annika Vait, on July 1, 2019, Estonia enacted more than 25 legal acts, “changing the current legislation.”
Ellex Raidla has advised Estonian telecommunications company Levikom regarding its bond emission, expected to raise capital in the amount of over EUR 5 million. The issuer of the bonds is the parent company Levikom Holding OU.
Nove has successfully represented AS MV Kaubad in a dispute before the Estonian Supreme Court.
Nove has successfully represented PKM Grupp OU in a road construction dispute before the Estonian Supreme Court.
Squire Patton Boggs has successfully defended the Republic of Estonia against a USD 100 million investment treaty claim brought under the Netherlands-Estonia Bilateral Investment Treaty by Estonian water provider AS Tallinna Vesi and its Dutch shareholder United Utilities B.V., over the state’s refusal to allow an annual increase in water tariffs.
TGS Baltic's Latvian and Estonian teams have helped Cryptofex, a fintech specialized in cryptocurrency exchange and customer wallet services, obtain a license from the Estonian Financial Intelligence Unit.
Ellex Raidla has helped the Estonian Ministry of Finance draft the documents for Estonia’s short-term treasury bill program.
Sorainen Estonia has advised Intrum on the purchase of Danske Bank's Estonian portfolio of overdue loans.
Ellex Raidla and Clifford Chance have advised Enefit Green, a fully owned subsidiary of Eesti Energia, on its acquisition of 20 solar park projects in Poland from GEO Group’s subsidiaries. Dentons' Warsaw Office advised GEO Group on the deal.
Sorainen has successfully represented the Polybius Foundation in a dispute with a participant in Polybius's initial coin offering, who was attempting to force a reversal of his token purchase.
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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