Cobalt has advised Treeland OU on the acquisition of a 51% stake in Latvian catering company Lido AS for an undisclosed amount.
On January 18, 2021, CEE Legal Matters reported that Cobalt had advised Practica Capital on its investment in Lithuanian start-up Biomatter Designs – part of the latter's EUR 500,000 investment round. CEEIHM spoke with Donatas Keras, Co-Founding Partner at Practica Capital to learn more about the matter.
Ellex Klavins and Ellex Valiunas have advised Livonia Partners on the sale of 100% of the shares in Santa Monica Networks to LMT in Latvia and Lithuania, respectively. Eversheds Sutherland advised the buyer.
Eversheds Sutherland Bitans has successfully represented the Latvian Privatization Agency and its subsidiaries in litigation against former Parex Bank shareholders. The agency was awarded EUR 124 million in damages and EUR 600,000 in legal expenses, after proceedings extending over ten years.
TGS Baltic has advised the representatives of the European Central Bank on Latvian law matters related to the rejection of the appeals of ABLV Bank AS and its largest shareholders, Ernests Bernis, Olegs Fils, OF Holding SIA, and Cassandra Holding Company SIA, of the orders of the General Court of the European Union of May 6, 2019 (in ABLV Bank v ECB (Case C‑551/19 P) and in Bernis and Others v ECB (Case C‑552/19 P)), dismissing as inadmissible their actions for annulment of the ECB's February 23, 2018 declaration that ABLV Bank and its subsidiary, ABLV Bank Luxembourg SA, were failing or were likely to fail.