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Primus Derling has successfully helped Skoda Vagonka, the manufacturer of electric passenger trains, draft an application to challenge the decision of Latvia's Pasazieru Vilciens public transport service provider relating to its decision to award a tender to deliver passenger trains and related equipment to another bidder.

Primus Derling has advised the Lumi Retail Property Fund on its acquisition of the shares of SIA Anninmuizas Iela, owner of the Anninmuizasa retail shopping center in Riga, from Latvian investment fund Hipo Latvijas Nekustama Ipasuma Fonds I, which was advised by Ellex Klavins.

The Riga office of TGS Baltic has assisted Finland's Nordea Bank Abp register a change of the pledgee in a commercial pledge provided by OneMed from Sweden's Nordea Bank AB to Nordea Bank Abp as the result of the Nordea Group's relocation of its head office from Sweden to Finland in the form of a cross-border merger of the bank into its wholly-owned Finnish subsidiary.

Sorainen has advised Hili Properties on its acquisition of SIA Tirdzniecibas Centrs “Dole” from AMD Holding. The target company is the owner and operator of the Dole shopping center in Riga, which has a total leasable area of 8,000 square meters.

Sayenko Kharenko, working with global counsel Allen & Overy, has provided Ukrainian advice to Greenyard N.V. on the EUR 120 million sale of 100% shares of its horticulture business to independent investment group Straco BVBA. Clifford Chance, working with Redcliffe Partners in Ukraine and TGS Baltic in Latvia, advised the buyers.

BNT Attorneys Riga Managing Partner Theis Klauberg has announced that he will be taking his team from that pan-Baltic firm on January 1, 2019, to launch an independent firm, Klauberg Baltics, leaving behind former senior associates and now partners Henning Jensen and Karlis Svikis to lead BNT Riga going forward. 

Latvian 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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