In April 2007, Estonia made global headlines — not for a military conflict or natural disaster, but for one of the first coordinated large-scale cyberattacks against a nation-state. Sparked by the relocation of a Soviet-era war memorial in Tallinn (known as the Bronze Night), the country’s digital infrastructure was flooded with denial-of-service attacks. Government websites, banks, media outlets, and essential services were knocked offline. It was a wake-up call: digital threats could now paralyze a country just as effectively as tanks and missiles. 

Cobalt has advised Eolus on the sale of its greenfield Pienava wind power project to Latvenergo.

Sorainen has advised Activate Capital on its investment in Aerones as part of a USD 62 million round. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo reportedly advised Activate Capital as well.

TGS Baltic has successfully represented LDZ Cargo and its parent company in overturning a EUR 5.7 million fine imposed by the Latvian Competition Council for alleged abuse of dominant position in the rail freight sector.

Cobalt has advised Rigas Udens on its EUR 20 million European Green Bond issuance and admission to trading on the Nasdaq Baltic Bond List with Signet Bank as the bond program arranger and dealer.

A privatization certificate is a dematerialized security issued by the state, which can be used only once as a means of payment for state or municipal property subject to privatization.

Ellex has advised Trodo on a senior debt facility from SEB Latvia to finance a shareholder buyout.

Walless has advised Iron Wolf Capital on the launch of its EUR 100 million early-stage fund.

Cobalt has advised Luminor Bank as the sole lead manager on Altum's issuance of five-year bonds in the amount of EUR 70 million. 

On June 3, 2025, Sorainen announced that ICA Gruppen's sale of Rimi Baltic Group to Salling Group (as reported by CEE Legal Matters on March 12, 2025) has now closed.

Sorainen has successfully defended Nasdaq CSD SE in a dispute brought by AS Grindeks concerning the recovery of shareholder dividends. 

Latvia is seeing a rise in disputes and public infrastructure work, according to Klauberg Baltics Managing Partner Theis Klauberg. At the same time, corporate activity is slowing, as regional and global uncertainties reshape priorities for both firms and clients.

Big law firms can coast on boring slogans. They’ve got the clout, the infrastructure, and the impressive list of past clients to do the talking. But if you’re a smaller firm and your website sounds like everyone else’s, you are disappearing into the beige background of legal marketing noise.

Ellex has advised FIFAA Latvija on its acquisition of the concept store and online retailer Bang Bang Shop & Coffee from RB Projekts.

The European Accessibility Act (EAA), approved in 2019, takes effect on June 28, 2025. The Act requires a wide range of products and services – such as consumer electronics, vending machines, websites, and mobile apps – to meet accessibility standards for people with disabilities.

Sorainen has advised Eiffel Investment Group on a EUR 20 million debt financing provided by the Eiffel Energy Transition III fund to Envolve Capital.

Sorainen has advised Noda on registering its trademark in the European Union.

Cobalt has advised Creditreform Latvija on a multi-stage reorganization.