Cobalt has advised the ERB Rail JV consortium – formed by France's Eiffage Genie Civil, Poland's Budimex, and Italy's Rizzani de Eccher – on the public procurement process and the EUR 3.7 billion contract for the construction of the Rail Baltica mainline in Latvia with SIA Eiropas Dzelzcela Linijas.

TGS Baltic has advised iCotton on its EUR 20 million issuance of secured bonds in collaboration with the Signet Bank. Deloitte Legal reportedly advised iCotton as well.

Looking into the historical context of Scandinavian foreign direct investment in the Baltic states, TGS Baltic Managing Partner Ivars Grunte, Walless Partner Rolan Jankelevitsh, Ellex Valiunas Partner Ruta Pumputiene, and Klauberg Baltics Managing Partner Theis Klauberg explore the economic and legal ties between the two regions.

Amendments to the Latvian Taxes and Duties Law came into effect on June 30, 2023. The aim of these amendments was to enhance the efficiency of the tax control system.

Zane Bule-Mitka and Zane Veidemane-Berzina have been appointed as Associate Partners at Ellex Klavins.

Cobalt has advised Warmeston on its EUR 32 million acquisition of the Broceni cogeneration plant and pellet factory in Latvia from Enefit Green. TGS Baltic advised Enefit Green.

TGS Baltic has advised Impact Ventures on its EUR 1.2 million investment, together with Kendris Capital, in Naco Technologies.

Drill has advised DelfinGroup on securing EUR 11 million in financing for its business development initiatives from Cyprus-based Multitude Bank.

Norton Rose Fulbright has advised Inter Cars on the extension, increase, and reorganization of its senior facilities in the aggregate amount of approximately PLN 2.54 billion (USD 642 million). Kinstellar, Magnusson, Kelemenis, and Glimstedt reportedly advised on the matter as well.

After spending one year as an Associate Partner with Walless, Zane Bormane has rejoined Triniti in Latvia as a Partner in December 2023.

Ellex, working with Stikeman Elliott, has advised Alimentation Couche-Tard on its issuance of Series 7 senior unsecured notes for an aggregate principal amount of CAD 800 million.

TGS Baltic has advised the INVL Baltic Sea Growth Fund on the agreement to fully acquire the Galinta Group. Lewben advised Galinta.

Cobalt has advised Luxembourg-based investment fund Marguerite on the closed sale of its 28.97% stake in Latvijas Gaze to Energy Investments following the fund's successful divestments of the regulated assets of Latvijas Gaze.

Kinstellar, working with Veil Jourde, has advised Jacquet Metals on its acquisition of several distribution companies from the Swiss Steel Group. Niederer Kraft Frey and Roedl & Partner reportedly advised the Swiss Steel Group.

Ellex, working alongside Baker McKenzie, has advised Culligan International on its acquisition of Primo Water Corporation’s European business in an all-cash transaction valued at up to USD 575 million.

Cobalt has advised Eco Baltia on its second EUR 10 million issuance of three-year bonds, conducted as a private placement with arranger Luminor Bank and distributor Siauliu Bankas. Eversheds Sutherland was the bondholders' trustee.

Cobalt has advised real estate developer and manager Linstow Baltic on its sale of a 3.6-hectare land plot in Riga to Rimi Latvia for EUR 8 million.

TGS Baltic has helped Lenoka obtain permission from the Competition Council to acquire the lease rights and open a Mego store at the Driksas 4 location in Jelgava – which was previously leased by Maxima Latvija.