Cobalt has advised Storent Holding on its EUR 16.5 million public bond issuance, the second series under the company’s EUR 50 million bond program. 

Sorainen has advised BlockBen on obtaining a crypto-asset service provider licence under the EU’s Markets in Crypto-Assets Regulation in Latvia.

Tegos has advised INVL Bridge Finance Fund on its exit from SIA Finto Capital.

Cobalt has advised Estravel Group on the implementation of its employee share option program.

Ellex has advised Luminor Bank on a EUR 37.9 million financing granted to Baltazar for the development of a hybrid renewable energy project in Saldus Municipality. Cobalt advised Baltazar's owner, European Energy.

Tegos has advised the shareholders of Ipas Vairo on the sale of 100% of their shares to Ipas Indexo.

Cobalt, working with Clifford Chance, has advised Latvenergo on the successful issuance of its inaugural EUR 400 million five-year EU Green Bond bearing a 3.612% coupon. Tegos, working with Baker McKenzie, advised the arrangers and dealers, BNP Paribas and J.P. Morgan.

Sorainen has advised Desktop Commander on its EUR 1.1 million pre-seed round led by venture capital funds 42CAP and BADideas.fund.

Sorainen has successfully represented Digmatix in obtaining a positive advance ruling from the Latvian tax authorities, confirming that the thin-capitalization exemption applies to interest payments made to an investment fund established in another EU member state.

Cobalt has advised Nextwood Two, a member of the HS Timber Group, on obtaining unconditional merger clearance from the Latvian Competition Council for the acquisition of Kurekss and its subsidiary Kurzemes Granulas.

Sorainen has advised Linstow Baltic on the development leasing of the Satekles Biznesa Centrs project in Riga. Cobalt advised SEB Banka on leasing the space for its new office.

Sorainen has advised the shareholders of Kurekss on the sale of the company and its subsidiary Kurzemes Granulas to HS Timber Group. Cobalt advised HS Timber Group.

Cobalt has advised Nordomatic on its acquisition of Echoo Group from ZGI-4 Fund and GK Capital. Ellex advised the sellers.

Sorainen has advised Sodra Skogsagarna Ekonomisk Forening on the divestment of its Latvian and Estonian forest holding companies covering approximately 153,000 hectares to Ingka Investments via a transaction valued at EUR 720 million. Ellex advised Ingka.

Latvia’s defense sector is taking off, drawing fresh investments and reshaping legal work, while renewable energy projects move into full swing and law firms race to keep up with talent and tech changes, according to Cobalt Partner Gatis Flinters.

Greenberg Traurig and Sorainen have advised the joint venture of Taaleri Energia and Lords LB Asset Management on the financing for the construction and operation of a 112-megawatt wind farm in Latvia, expected to generate approximately 283-gigawatt-hours annually. Clifford Chance and Tegos advised the banks involved.

Cobalt has advised Agrimatico Latvia on its merger with Agrimatco Eesti, combining the two Baltic operations into a single entity. 

In recent years, Latvia has faced various challenges in the energy sector while simultaneously transposing European Union regulations into national legislation. In May 2025, the Ministry of Climate and Energy (MoCE) developed long-term planning guidelines titled Energy Strategy Latvia 2025. This marks a significant step in implementing domestic energy policy, with the defined objectives including Latvia becoming a regional leader in energy pricing, achieving high energy self-sufficiency, and ensuring that the energy infrastructure in Latvia is used efficiently and sustainably.