On January 18, 2021, CEE Legal Matters reported that Cobalt had advised Practica Capital on its investment in Lithuanian start-up Biomatter Designs – part of the latter's EUR 500,000 investment round. CEEIHM spoke with Donatas Keras, Co-Founding Partner at Practica Capital to learn more about the matter.
TGS Baltic has advised the representatives of the European Central Bank on Latvian law matters related to the rejection of the appeals of ABLV Bank AS and its largest shareholders, Ernests Bernis, Olegs Fils, OF Holding SIA, and Cassandra Holding Company SIA, of the orders of the General Court of the European Union of May 6, 2019 (in ABLV Bank v ECB (Case C‑551/19 P) and in Bernis and Others v ECB (Case C‑552/19 P)), dismissing as inadmissible their actions for annulment of the ECB's February 23, 2018 declaration that ABLV Bank and its subsidiary, ABLV Bank Luxembourg SA, were failing or were likely to fail.
On February 26, 2021, CEE Legal Matters reported that Eversheds Sutherland had advised Valmieras Stikla Skiedra on the sale of 83.14% of the share capital from the company’s controlling shareholder group to Duke I S.a.r.l. CEEIHM spoke with Ilze Saviele, Legal Counsel at VSS, to learn more about the sale.