As the main trends of the transaction market in the first half of 2022, the boom of startups and the changes in their valuations, the undiminished confidence of foreign investors despite the geopolitical situation, and the ongoing consolidation of the health care and renewable energy sectors can be singled out.
Noerr has advised Rebelle as the target company of a public takeover offer made by Lithuania's Vinted. Gernandt & Danielsson reportedly also advised Rebelle. Roschier and Hengeler Mueller reportedly advised Vinted.
Fort Legal has advised Eften Capital on the acquisition of the Talino real estate project from Rewo. Walless advised the seller.
Constantly expanding and becoming increasingly diverse, complex, and risk-laden, the environmental, social, and governance landscape affects and challenges most businesses. New laws and regulations are having broad implications for organizations. According to EY Global Law Leader Cornelius Grossmann, “we are seeing a major pivot from a world in which sustainability was about messaging and voluntary commitments, to a world in which implementation is key and reputational risks are becoming more acute.” Nowadays, society no longer expects companies to simply do no harm, but also expects them to appropriately address environmental and social matters. In order for those matters to be properly addressed, it is crucial to focus on legal requirements for compliance in terms of ESG.
Cobalt has successfully defended and later represented Jurgita Jankauskiene, pro bono, in a traffic accident case.
On July 12, four leading lawyers from Croatia, Lithuania, Poland, and Romania sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the latest in ESG developments with a focus on green financing, its regional and local drivers and roadblocks, its impact on non-financial reporting, and what it all means for the legal profession.
Cobalt has advised Practica Capital on its investment in a wellness and rehabilitation center in Druskininkai operated by UAB Upa MCT. Walless advised UAB Upa MCT.
Cobalt has advised Asgaard Oriens on its investment in a vertical farm in Lithuania co-developed by the Leafood Group. Motieka and Audzevicius advised the Leafood Group.
Cobalt, working with Mayer Brown, has advised Aurelius on the acquisition of McKesson UK. Sorainen advised the seller.
Cobalt has advised Bewi on its acquisition of the Lithuanian insulation company UAB Baltijos Polistirenas. Triniti advised the sellers on the deal.
Cobalt has advised Norwegian technology company Kongsberg Defense & Aerospace on the acquisition of the Lithuanian small satellite manufacturer NanoAvionics. TGS Baltic advised NanoAvionics founders Vytenis Buzas and Linas Sargautis who, together with AST & Science, sold NanoAvionics. Ellex advised AST & Science.
Managing Associate Jovita Valatkaite has been appointed as the Head of the Employment Law practice group in Cobalt’s Lithuanian office.