Cobalt has successfully represented Latvian metalworking company East Metal before the Zemgale District Court in being granted legal protection.

Walless has advised Affidea Lietuva on its acquisition of the Lithuanian business of Synlab Lietuva. Cobalt, working with CMS' office in Germany, advised the sellers.

On 1 September 2024, the National Cyber Security Law came into force, replacing the Law on the Security of Information Technologies. 

Cobalt has promoted former Specialist Counsl Edgars Pastars to Partner in its office in Latvia. Pastars will also Head the firm's Financial Regulatory and Compliance Practice.

Cobalt, working with Watson Farley & Williams, has advised NORD/LB and Swedbank on the EUR 87 million financing for Aidu Wind Park’s development of 67.5 megawatts of the 75-megawatt Aidu wind farm in Estonia.

Cobalt has advised the Warsaw Equity Group on its investment in UP Catalyst in a EUR 2.36 million round that also saw the participation of SmartCap.

Cobalt has advised Aquila Clean Energy-managed project company Windfarm Akmene Two on securing a EUR 125 million green loan from SEB Bank.

Although Lithuania no longer has a national airline, charter companies are popular in the market, especially during holiday periods. Although the Lithuanian aviation industry was heavily affected by the COVID-19 pandemic, no charter company has gone bankrupt. In fact, just recently in spring 2024, one charter company undergoing restructuring finished restructuring procedures earlier than planned and successfully continues its operations from Lithuania.

Cobalt has advised Elektrum Eesti on its acquisition of Solarpark Kuusalu from Justkull.

Cobalt has advised BaltCap on its investment in Fitekin and Onea software platforms of the Unifiedpost Group.

Cobalt has advised Karma Ventures on leading the USD 20 million Series B funding round for Pactum AI with other investors including 3VC, Atomico, Project A, Superangel, PortfoLion, and Maersk.

Cobalt has advised C.D Holding Internationale on its acquisition of Stebby from Livonia Partners.

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.