COBALT Legal

🚀 HANZA AB, a global knowledge-based manufacturing company, is set to acquire Leden Group, a billion SEK Finnish advanced mechanics manufacturer. With production sites across Finland and Estonia, Leden Group brings expertise in sheet metal, machining, and complex assembly to the table. This strategic move boosts HANZA’s capacity and strengthens its offering in Finland and the Baltics, taking their advanced mechanics manufacturing to the next level. The deal is expected to close in Q1 2025. ✨ We’re proud to have played a role in making this happen! COBALT advises HANZA AB as local counsel in Estonia. Our team is lead by Partners Martin Simovart and Jesse Kivisaari, together with Senior Associate Getter Villmann-Nõgene.

As the year comes to a close, we wish you a season of reflection, recharging, and inspiration for brave steps ahead.✨ Let’s embrace 2025 with bold visions and endless possibilities. Thank you for being part of our story - we look forward to creating new paths together!✨✨ Happy holidays from all of us at COBALT!✨✨✨ #SeasonsGreetings #NewBeginnings

We congratulate COBALT’s Specialist Counsel Dr. Dalia Foigt - Norvaišienė on a remarkable achievement – during the Lithuanian Bar Association awards ceremony, Dr Dalia Foigt-Norvaišienė was presented with the Advocate's Badge of Honor, which is awarded for exceptional contributions to the State of Lithuania, the Lithuanian Bar Association, and the advocacy community, as well as significant professional achievements. ✨ #COBALT #Law #Leadership

✨ We’re proud to have contributed to the 2024 edition of Clifford Chance’s Unilateral Option Clauses Survey. This comprehensive study explores the treatment of unilateral option clauses across 120 jurisdictions, providing critical insights for international businesses navigating cross-border agreements. Unilateral option clauses are: ▪️ clauses that refer disputes to arbitration while granting one party the exclusive right to choose litigation before the courts instead, or ▪️ clauses that refer disputes to a court but allow one party the exclusive right to opt for arbitration instead. 📖 Read the full survey here: https://lnkd.in/df3QJMxT 👏 A big thank you to our experts Managing Associate Kristina Schotter & Associate Anna-Riin Brett (COBALT Estonia), Senior Associate Dr. Toms Krumins (COBALT Latvia) and Partner Rimantas Simaitis, Prof. Dr., MCIArb & Senior Associate Donatas Ramanauskas (COBALT Lithuania) for their contributions to this project! Clifford Chance is one of the world's largest law firms, offering extensive resources and expertise across five continents to support clients globally. #internationalarbitration #unilateraloptionclause #asymmetricalarbitrationclause #arbitrationclause 

MTÜ Eesti Roheline Rist wins appeal to revoke Muuga soybean oil factory construction permit On December 3, the Supreme Court affirmed the Tallinn Circuit Court's decision from April 27, 2024, which supported the claim of MTÜ Eesti Roheline Rist to revoke the construction permit of the planned soybean oil factury in Muuga port. Other parties in the dispute included Jõelähtme Municipality, AS Tallinna Sadam, and MPG Agroproduction OÜ. The central issue in the case was whether the proposed soybean oil factory aligned with the nearly 20-year-old detailed plan, which designated the area for a coal terminal. According to the Circuit Court's reasoning, if a developer intends to construct a building with a significantly different purpose than outlined in the detailed plan, a new planning process must be initiated. COBALT advised MTÜ Eesti Roheline Rist during administrative proceedings prior to issuance of the building permit as well as throughtout all court instances. The client was represented by Senior Associate Sandra Sillaots.

Inbank's First Synthetic Securitisation with EIB Group   Inbank has successfully signed its first synthetic securitisation deal, backed by EUR 147 million (PLN 635 million) in solar panel loans, aimed at accelerating Poland's green energy transition. In collaboration with the European Investment Bank (EIB) and the European Investment Fund (EIF), this landmark transaction will provide capital relief, enabling Inbank to offer up to EUR 163 million (PLN 701 million) in new loans for solar panels and heat pumps to Polish households over the next three years. This initiative supports climate change mitigation, reduces CO2 emissions, and contributes to RepowerEU targets. COBALT advised Inbank on all Estonian law aspects of the transactions. Our team included Partner Marina Kotkas, Specialist Counsel Kaarel Eller and Senior Associate Christine Mägi.

Today, we celebrate a significant milestone: Egon Talur marks 20 incredible years with COBALT! ✨✨✨ Egon is a Partner at COBALT Estonia, leading our Tax and IP-IT teams. With extensive expertise and a dynamic approach, he has become a go-to advisor on a wide range of matters, including corporate taxation, tax litigation, Intellectual Property, Information Technology, and Data Protection. Beyond his legal prowess, Egon is also responsible for overseeing the IT sector of our office, ensuring seamless tech operations. Outside the office, Egon treasures family time, loves traveling, and is currently discovering the joys of playing padel. Egon, congratulations on this incredible milestone! Your dedication, skills, and leadership have made a lasting impact, and we are so proud to have you on our team. Here’s to the next chapter of your journey with COBALT! 🎉 #COBALT #WorkAnniversary #TeamCOBALT

On 21 December 2024 the European Green Bond Regulation will come into force, introducing new and clearly defined criteria for issuing European Green Bonds (EuGB) for financing environmentally sustainable products.   What does the new EuGB Standard entail, and how will it shape the bond issuance process? Our Capital Markets and ESG experts Krisjanis Buss and Kristīne Rāviņa break it down into four key insights.   For more details read the article in Latvian on Delfi Latvia: https://ej.uz/633y

Nasdaq Vilnius has announced that bonds issued by the Lithuanian media company 15min will be admitted to trading on the First North market starting from 11 December.   In October, 15min Group placed a EUR 16 million bond issue with an annual interest rate of 9.8%, attracting 713 participants during the placement. This marks a historic achievement, as 15min is the first Lithuanian-owned media group to issue bonds to the public.   According to Tomas Balžekas, Founder and CEO of 15min, the listing of the bonds reflects investor confidence and underscores the company's commitment to operating responsibly.   UAB 15min was advised on the bond placement by the COBALT team, led by COBALT Partner Eva Suduiko. #COBALT #NASDAQ #Bonds