Cobalt has advised IISUTIB Raft Capital Baltic Equity Fund on raising EUR 50 million in investments.

Estonia's legal landscape in dispute resolution remains surprisingly stable amid economic turmoil, Cobalt Managing Associate Annika Peetsalu reports. Despite a surge in bankruptcies, particularly in the construction sector, the volume of legal disputes has not significantly increased.

Cobalt has advised Balti Autoosad on its acquisition of Automeister.

Cobalt has advised Esgrid on its pre-seed funding.

Latvia has recently taken significant steps to amend its arbitration law, introducing a set-aside mechanism among other necessary changes. This article provides an overview of the background to these changes, the specifics of the new set-aside mechanism, and other amendments made to the Latvian arbitration law.

Cobalt has advised BPM Capital on financing for Estonian paint manufacturer Eskaro via the BPM Mezzanine Fund II.

Cobalt has advised the privately held investment fund Livonia on its acquisition of a stake in Telema. Ellex advised Telema. Eipre & Partners reportedly advised the target company.

Former Managing Associates Jesse Kivisaari and Lembit Tedder have been promoted to Partner at Cobalt Estonia.

After prolonged delays, the Estonian Parliament finally incorporated the EU Whistleblowing Directive into national law on 15 May 2024 by passing the Act on the Protection of Whistleblowers of Work-Related Violations of European Union Law (referred to as the Whistleblower Protection Act).

Cobalt, working with Dentons, has advised Latvian national airline AirBaltic on its EUR 340 million issuance of senior secured bonds with a maturity of 5.25 years to be listed on the Euronext Dublin stock exchange. TGS Baltic, working with Linklaters, advised joint global coordinators BNP Paribas, Citi, and JP Morgan, joint bookrunners Morgan Stanley and SEB, and co-managers LHV and Signet Bank.

Across Europe, defense sectors are experiencing significant transformations and budgetary escalations, driven by a need for enhanced military readiness and modernization. Avellum Partner Andriy Romanchuk, Cobalt Partner Deividas Soloveicik, Nagy es Trocsanyi Partner Gyorgy Kiszely, and Tuca Zbarcea & Asociatii Partner Serban Paslaru take a closer look at defense spending in their respective countries.

In a compact nation like Estonia, the prominence of construction projects can swiftly transcend local interests and become matters of national interest. The escalation of public attention toward large-scale construction projects invites heightened scrutiny by different interest groups. Notably, several recent projects have become entangled in legal disputes, profoundly impacting anticipated timelines and financial forecasts. This article aims to delineate emerging patterns from recent cases and offer recommendations aimed at preventing and avoiding legal contentions.

Linklaters and Cobalt have advised Mirova on its investment in the Estonia-based Baltic Storage Platform energy storage project, a joint venture between Corsica Sole and Evecon established in 2023.

On the occasion of this year’s recent Deal of the Year Awards Banquet and GC Summit in Warsaw, did you know that, according to the Activity Rankings feature of the CEELMDirect website, partners of pan-Baltic law firms dominated the list of the ten lawyers who worked on the most client matters reported by CEE Legal Matters in the first decade of its existence?

Did you know that, according to the Activity Rankings function of the CEELMDirect website, of the 88 law firm partners who have reported working on disputes in CEE over the past 12 months, only nine have reported working on more than one?

Cobalt has advised Latvian construction equipment rental company Storent Holdings on a new bond issuance, which raised EUR 8.7 million for notes with a 10% interest rate.

Did you know that the early 2024 deal leaderboards are already available via the Activity Rankings function of the CEELMDirect website?

Cobalt has advised the owners of Lithuanian wood pellet manufacturer Granulita on the sale of the company to Zalvaris. PwC Legal advised the buyers.