Cobalt has advised Karma Ventures on its additional investment in its portfolio company and traffic ecosystem solution provider Commsignia, part of the company's USD 15 million Series B round led by PortfoLion Capital Partners, Inventure, Day One Capital, and Inference Partners, together with Partech, and Credo Ventures.

Nove has advised Estonian renewable energy company Sunly on the construction agreements for a 45-megawatt solar park in Estonia with contractors Smartecon and Connecto.

Cobalt has advised the shareholder of the Adfactory Group on selling part of their shares in the company to German signage and advertising technology specialist Marahrens, with the two companies entering a strategic partnership.

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.

Cobalt has advised Change Ventures on leading a EUR 2 million investment round in Formaloo. Other investors included Hyde Park Venture Partners, Mana Ventures, and Startup Wise Guys.

Cobalt successfully represented TREV-2 Group in a lawsuit involving a former employee sending several sensitive employer materials to their personal e-mail address shortly before the termination of his employment.

Cobalt has advised the European Bank for Reconstruction and Development on an equity investment in Sunly. 

Cobalt has advised the City of Tallinn on renegotiating the PPP contracts with Vivatex Holding and the BCA Center for the lease of ten school buildings in the city. Walless advised the BCA Center.

Cobalt has advised the Enery group in obtaining funding from Swedbank for the construction of a new solar park.

Cobalt has advised Mirova Energy Transition in obtaining construction funding from Swedbank for the development of new solar parks in Estonia.

Cobalt, working with Allen & Overy's London office, has advised the Luminor Bank on the update of its EUR 5 billion euro medium-term note and covered bond program along with a EUR 600 million tender offer for existing notes and a EUR 300 million issuance of new restricted senior preferred notes. The London office of Clifford Chance advised the dealers.

PwC Legal Estonia has advised the Wolf Group on the acquisition of the assets of its Libace business partner.

Cobalt has advised SmartCap on its investment in Tartu-based start-up eAgronom in a EUR 5 million financing round joined by Icos Capital and Soulmates Ventures.

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 has successfully represented Estonian citizen Ivan Turogin before the Supreme Court on the admissibility of electronic surveillance as an alternative to arrest for defendants during extradition proceedings.

Pohla & Hallmagi has advised Restate Property Development on its acquisition of development land in Saku Parish from Mannilatv Kapital.

Pohla & Hallmagi has advised the minority shareholders of the Mobire Group on the sale of part of their shareholding in the company to InBank. Ellex advised InBank.

In one of our previous texts we wrote about the recent decision of the Spanish personal data protection authority, by which it fined an employer as the controller of personal data for using the option of audio recording within the employees surveillance system, which data were subsequently used for termination of an employment contract.