Restructuring & Insolvency

In the dynamic economic landscape of the Baltic region, businesses often encounter financial challenges that necessitate expert legal guidance. COBALT’s Restructuring & Insolvency experts have a proven track record of assisting companies in overcoming solvency issues as well as debt collection from entities under financial stress. Our innovative solutions and proactive approach, supported by a large team of specialists across various legal areas, allow us to tackle obstacles that may impede the revitalization of your company.

Our clients encompass a diverse range of entities, including financial institutions, corporate entities across various industries, insolvency practitioners, and stakeholders seeking proficient guidance in restructuring and insolvency matters. We also assist investors aiming to acquire distressed assets, offering comprehensive support throughout the transaction process.

Our restructuring & insolvency services include, among others:

  • Debt collection and enforcement – utilising a hands-on approach to assist clients in recovering debts, working closely with financial institutions to enforce and recover claims in insolvency and restructuring proceedings.
  • Corporate restructuring and reorganisation – crafting and implementing strategies to realign business operations and capital structures, ensuring long-term viability and growth.
  • Turnaround strategies – developing plans to restore operational and financial stability, including performance improvement initiatives and management restructuring.
  • Insolvency proceedings and bankruptcy filings – guiding clients through legal processes to achieve orderly resolutions, including representation in court proceedings and liaising with regulatory authorities.
  • Restructuring-related litigation – representing clients in disputes arising from restructuring proceedings, such as disputes over the approval of the restructuring plan, claims and their restructuring, preliminary measures, financing, etc.
  • Insolvency-related litigation – representing clients in disputes arising from insolvency situations, such as claw-back proceedings, pledge enforcement proceedings, management liability, etc.

Our deep understanding of the Baltic market, combined with our extensive experience, enables us to provide practical and effective advice, ensuring that our clients can navigate either their own or business partner’s financial challenges with confidence.

 

Recognitions
Legal 500 2024, Dispute Resolution, Latvia office
“An excellent and reliable team. Pleasure to work with.”
Chambers Europe 2024, Dispute Resolution, Lithuania office
“COBALT's diplomacy, strategic planning, perfection in implementation and unwavering dedication to client satisfaction are exceptional.”
Legal 500 2024, Dispute Resolution, Lithuania office
"COBALT is a unique, full-service law firm with considerable expertise as well as deep relationships in the various countries in which it operates. The firm consistently excels in its field and is a pleasure to work with. Their service standards are comparable to the best London firms."
Chambers Europe 2024, Dispute Resolution, Estonia office
"It is a strong and thorough team that always sticks to the schedule."
Legal 500 2024, Dispute Resolution, Estonia office
"What is remarkable is that COBALT has a large number of female partners. Their team also has a wide choice of professionals covering the majority of legal subjects for companies."
Chambers Europe 2024, Dispute Resolution, Estonia office
"The lawyers are responsive and offer different strategies to tackle the issue. They listen to clients and understand their needs and commercial reasons."
Legal 500 2024, Dispute Resolution, Estonia office
"What makes COBALT outstanding is covering a broad variety of fields, meaning the client can rest assured in having one partner for all legal needs. Having leaders in the team with loads of previous experience adds further comfort in knowing the quality of advice is always filled with practical experience rather than just theory."
Chambers Europe 2024, Dispute Resolution, Lithuania office
“The lawyers are very thorough in the preparation of the facts, very strong in proposing clear guidance in complex cases and very experienced in presenting complex issues in an understandable manner.”
Legal 500 2024, Dispute Resolution, Estonia office
"COBALT is incredibly professional and helps to take a close look at the issues by giving detailed legal opinions. COBALT also assists its clients by keeping them informed with the latest practices and impacts in law."
Chambers Europe Awards 2024
According to Chambers, COBALT is a clear market leader in the Baltics. It is unsurpassed in its number of rankings and unrivalled in its number of top-tier departments. Furthermore, the law firm has more top-ranked practitioners than any other firm in the region. This Baltic powerhouse consistently acts on the largest transactions and disputes across Estonia, Latvia and Lithuania.
Chambers Europe 2023, Dispute Resolution, Latvia office
“COBALT has a well-established dispute resolution team with highly respected team members, who are reliable in handling complex legal disputes.”
The Legal 500 2022, Dispute Resolution, Latvia office
"The practical experience, technical strength and strategic insight of COBALT lawyers is unmatched. From the very first meeting I felt very well informed and supported – on a human level, in terms of my rights and in terms of what settlement would be workable and fair. Highly recommended."
Chambers and Partners 2021, Dispute Resolution, Estonia
Sources attest to the team's commercial approach, with a client reporting: "The advice is always very clear: what are the options, what are the pros and cons."
The Legal 500 2021, Dispute resolution, Lithuania office
"There are many litigation experts, however, we have been working with COBALT for some time now. What makes them exceptional in this field is that even having advised us for many years, they still have many ideas, they brainstorm, they find solutions and their creativity is admiring."
The Legal 500 2021, Dispute resolution, Lithuania office
"The service we have received from COBALT has been outstanding so far. The advice is always promptly received, strategy has been agreed in advance and the different scenarios and potential outcomes clearly explained. The work put in by COBALT has also been reflected in terms of the court decisions to date."
Chambers Global 2020, Dispute Resolution, Latvia office
Clients appreciate the team's dedication to clients and market understanding, highlighting the team as one of the best in Latvia.
Chambers Europe 2015
"It is a delight to work with them. We get rational and deeply analysed advice. The team has some great lawyers and is easy to deal with."
The Legal 500 2015
"What stands out is an ability to deal with difficult business issues, showing a responsive approach, keeping clients updated, being totally professional."
The Legal 500 2015, Lithuania office
"COBALT Lithuania has developed expertise in areas including collective litigation, alternative dispute resolution, and administrative proceedings against public bodies."
Chambers Europe 2015, Latvia office
“Active dispute resolution team with significant experience in arbitration and cases before constitutional courts. The team is noted for its industry-specific knowledge [...].”