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Motieka & Audzevicius has advised Lithuania's KG Group on the preparation and negotiation of financing agreements from the European Bank for Reconstruction and Development for a credit facility to be used for development of the company's business in Belarus.

Cobalt has advised Santa Monica Networks Group on the sale of its Estonian and Finnish subsidiaries to the Elisa Corporation telecommunications company and its Latvian and Lithuanian subsidiaries to Livonia Partners. Bird & Bird advised the Elisa Corporation and Ellex Raidla advised Livonia Partners on the transaction, which is expected to be completed by May 1, 2017.

Working alongside global counsel Mannheimer Swartling, Sorainen has advised Providence Equity Partners on the acquisition of the Baltic businesses of Swedish media holdings Modern Times Group. Allen & Overy advised Providence on financing for the acquisition. Cobalt — working alongside Sweden's Hamilton law firm — advised the Modern Times Group on the deal.

The Court of Appeal of Lithuania has granted the appeal of Fort's Vilnius office and has decided that the court of first instance increased the risk of different court decisions arising from similar circumstances by obliging 212 investors of the bankrupt Snoras bank to submit 212 separate claims instead of one joint claim.

Cobalt has advised the shareholders of UAB Sekargas Ir Kompanija — a Lithuanian provider of cargo supervision and quality inspection services — on the sale of 70 percent of the company’s shares to J.S. Hamilton Poland S.A. Tark Grunte Sutkiene advised J.S. Hamilton Poland on the transaction, which closed in February following clearance by Lithuania's Competition Council and Commission for Approval of Conformity of Potential Participants to National Security Interests. The value of the transaction was not disclosed.

After the adoption of amendments to the Civil Procedure Code by the Parliament of Lithuania on March 13, 2014, a modern and detailed regulation of class action lawsuits came into force on January 1, 2015. After two years of its application, it is interesting to evaluate why this regulation was adopted and how it works in practice.

Lithuanian 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

All News about Cobalt can be found here.

 

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