Cobalt has successfully represented Germany's Bauer Spezialtiefbau before the Administrative District Court in a dispute related to a VAT refund for the company against the State Revenue Service of Latvia.
Wolf Theiss and Ozog Tomczykowski Advise on Sale of 70% Stake in Metal-Plast to INVL and Eco Baltia
Wolf Theiss has advised Latvian private equity fund INVL Baltic Sea Growth Fund and its portfolio company Eco Baltia on the acquisition of a 70% stake in Polish PVC recycler Metal-Plast. Ozog Tomczykowski advised the target's shareholders on the sale. Sorainen reportedly advised INVL and Eco Baltia as well.
From Sea to Sea to Shining Sea: 12 CEE Law Firms Band Together To Launch the Three Seas Legal Alliance
During the Three Seas Initiative annual general meeting in Bucharest in September 2023, Austria's Dorda, Bulgaria's Boyanov & Co., Croatia's Divjak Topic Bahtijarevic & Krka, the Czech Republic's Kocian Solc Balastik, Estonia's Ellex Raidla, Hungary's Lakatos Koves & Partners, Latvia's Ellex Klavins, Lithuania's Ellex Valiunas, Poland's Wardynski and Partners, Romania's Nestor Nestor Diculescu Kingston Petersen, Slovakia's Barger Prekop, and Slovenia's Selih & Partnerji announced they formed the Three Seas Legal Alliance, in recognition of the progress made by the Three Seas Initiative.
Cobalt Advises Astor Group on EUR 25 Million Loan for Riga Hotels
Cobalt has advised the Astor Group on its EUR 25 million loan from Rietumu Banka to support the development and operation of its hotel properties in Riga.
Cobalt Advises Change Ventures on Leading EUR 3.6 Million Round for Monetizr
Cobalt has advised Change Ventures on leading a EUR 3.6 million investment round into Latvian advertising experience platform Monetizr, with the participation of Techstars and Ludus Ventures.
Njord Advises Latvia's EKA on Student Works IP Issues
Njord has advised Latvia's University College of Economics and Culture on the topic of intellectual property protection issues related to student works created within the "Innovation grants for students in interdisciplinary fields of art, culture, economics, and IT (MaKE IT)" European Regional Development Fund project.
Cobalt Advises BaltCap and Draugiem Capital on Pepi Rer Majority Stake Acquisition
Cobalt has advised the BaltCap Private Equity Fund III and investment company Draugiem Capital on their acquisition of a majority stake in Latvia-based multi-sector production company Pepi Rer. RER Lextal reportedly advised Pepi Rer.
Closing: Eesti Gaas Acquisition of Gaso from Latvijas Gaze Now Closed
On August 2, 2023, Ellex announced that Eesti Gaas’s acquisition of Gaso from Latvijas Gaze (reported by CEE Legal Matters on April 28, 2023) had closed in July 2023.
Implementation of the EU Directives on Work-Life Balance and on Transparent and Predictable Working Conditions: Latvia
The EU Directives on Work-life balance and on Transparent and predictable working conditions were introduced into the Latvian national legislation in August 2022 and brought about significant changes and obligations for the employers. What do they mean for businesses?
Ellex Advises Baltic Rezo on EUR 30 Million Loan from SEB Bank
Ellex has advised telecommunications infrastructure company Baltic Rezo on a EUR 30 million loan from SEB Bank.
Latvia: At the Forefront in Provision of European Crowdfunding Services
At the end of 2021, the Regulation (EU) 2020/1503 of the European Parliament and of the Council of October 7, 2020, on European crowdfunding service providers for business (EU Crowdfunding Regulation) entered into force. In light of the regulatory requirements, existing crowdfunding platforms with prior authorizations under national rules shall receive authorization under the new regulatory framework by November 10, 2023.
Cobalt Advises Amber Trust on Sale of Toode to Kingspan Group
Cobalt has advised AS Toode majority shareholder Amber Trust II SCA on the sale of its shares to Kingspan Group company Joris Ide NV.
Cobalt Advises Storent Holdings on EUR 10.5 Million Bond Issuance
Cobalt has advised Latvian construction equipment rental company Storent Holdings on its EUR 10.5 million issuance of bonds with an 11% interest rate and December 2025 maturity as well as on their listing on the Baltic Bond List of Nasdaq Riga on June 27, 2023.
Cobalt and Vilgerts Advise on Hepsor Latvia's Sale of StokOfiss U30 in Riga to East Capital
Cobalt has advised Hepsor Latvia on its sale of the property located at Ulbrokas Iela 30 in Riga to the East Capital Real Estate Fund IV in a share deal. Vilgerts advised the East Capital fund.
Cobalt Advises BaltCap on Acquisition of HansaMatrix
Cobalt has advised BaltCap Private Equity Fund III on its acquisition of HansaMatrix via subsidiary SIA Emsco.
Arbitration Association of Central and Eastern Europe Launches in Bratislava
On June 7, 2023, the Arbitration Association of Central and Eastern Europe – ArbCEE – was officially launched in Bratislava.
Latvia: Supreme Court Sheds Light on Liability of Building Owners for Accidents on Premises
At the end of 2022, the Latvian Supreme Court finally made a judgment in one of the dozens of civil cases stemming from the so-called Zolitude tragedy. 54 people died and dozens were injured back in 2013, when the roof of a trade center located in one of the suburbs of Riga, Zolitude, collapsed.
Cobalt and Walless Advise on Linas Agro Group's Acquisition of Grybai LT
Cobalt has advised the Linas Agro Group on its acquisition of Grybai LT from Auga. Walless advised Auga.