Cobalt has advised Coffee Address Holding on its EUR 5 million unsecured bond issuance. Eversheds Sutherland Bitans advised on collateral agent matters and undertook collateral agent functions for the term of the bonds. Signet Bank was the arranger of the issuance.

The first half of 2022 has not (yet) yielded such high profile deals as seen in 2021 (like Printful becoming the first Latvian “unicorn”) but there has been a steady trickle of transactions following the larger wave of 2021.

Green Public Procurement (GPP) is a process whereby public authorities seek to procure goods, services, and works with a reduced environmental impact throughout their life cycle, to achieve environmental policy goals relating to climate change, sustainable consumption, etc., ensuring that tenderers abide with a minimum level of compliance with environmental legislation.

Cobalt has advised plywood producer Latvijas Finieris on the investment project for the expansion of its RSEZ SIA Verems production facility in the Rezekne district.

Cobalt has successfully ensured the dismissal of bodily harm charges filed against Latvian journalist Olga Dragileva.

After a bit of a slowdown following the start of the war in Ukraine, the Latvian markets bounced back, with the financial and energy sector being particularly active, according to Cobalt Partner Dace Silava-Tomsone.

Sorainen has advised Ipas Indexo on the development and implementation of a share option plan for the management and employees of the company.

Sorainen has represented Primekss in a composite concrete flooring-related patent dispute.

TGS Baltic has advised the City Development Company on its sale of four real estate properties in Riga to Estmak Capital group company Riga Properties 3.

Ellex Klavins has advised GoCardless on its acquisition of Nordigen. Sorainen advised Nordigen.

Cobalt has advised the BaltCap Latvia Venture Capital Fund and other shareholders on their sale of Vendon to Azkoyen. Garrigues reportedly advised the buyer.

Ilyashev & Partners has announced it has started a cooperation with Glimstedt to expand the firm's capabilities in EU countries.

Cobalt has advised vehicle parts distributor Meko on its EUR 122 million acquisition of spare parts and services provider Koivunen.

Sorainen has advised IK Partners and the Renta Group on the acquisition of the Uprent Group.

Cobalt has successfully represented AirBaltic and the Riga International Airport before the Supreme Court of Lithuania against antitrust claims brought by bankrupt carrier FlyLAL.

TGS Baltic has advised BlackSheep Ventures on its planned EUR 2 million investment into geospatial advertising platform developer Roibox.

On July 1, 2022, Sorainen announced that INVL’s acquisition of the Mandatum Life Baltic insurance business (reported by CEE Legal Matters on June 29, 2021) had closed, after obtaining all the necessary licenses and permits from the Baltic and Finnish supervisory authorities (as reported by CEE Legal Matters on March 18, 2022).

Cobalt has advised Hepsor on its EUR 3.6 million acquisition of the 30,624 square-meter Ganibu Dambis 17A commercial property in Riga from unidentified sellers.