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2024 - 02 - 23
Two court instances have ruled in favour of COBALT’s client whose funds were seized by the Economical Police on suspicion of a criminal origin. Throughout the litigation, COBALT secured favourable ruling for the client that resulted in release of the..
2024 - 02 - 21
On 15 February 2024, the Administrative District Court ruled in favour of a Latvian construction company Basu Projekti SIA in case No A42-00889-24/16 annulling the decision of the State Revenue Service of Latvia to recover the overdue tax payments from..
2024 - 02 - 21
Arbo Windows, a Latvian manufacturer of wooden windows, has acquired one of the largest Lithuanian wooden window manufacturing companies UAB Arlanga Wood, which was previously owned by Arūnas Mažonis, the founder of the Arlanga Group. The merger will provide an..
2024 - 02 - 16
YOOK Production AS raised 13 million euros from investors to establish the first oat drink factory in the Baltic States. The factory was built in Türi, where the production started. According to Katre Kõvask, the CEO of YOOK Production, the..
2024 - 02 - 13
The Latvian national carrier, airBaltic, has entered an agreement with UPB Nams SIA for construction of the Baltic Cargo Hub at RIX Riga Airport. This state-of-the-art facility is set to become the largest dedicated air cargo handling center in the..
2024 - 02 - 12
Modular Technologies OÜ (TUUM) secured 25 million euros in a series B financing round, which was led by CommerzVentures and bolstered by Speedinvest, along with the continued support of their existing investors. This investment will enable TUUM to spearhead a banking revolution with agile and expansive solutions. TUUM, founded..
2024 - 02 - 12
COBALT advised and represented AS Baltika in the reorganization procedures. AS Baltika is Estonia’s largest clothing manufacturer with a long history, which together with its subsidiaries employs more than 100 people. Baltika develops and operates the clothing brand Ivo Nikkolo...
2024 - 02 - 07
The sole owner of the software company Avalanche Laboratory OÜ sold the company to the Swedish IT company Insuro Technologies. Rain Kirjanen, the sole owner of Avalanche, stated that he had thought long and hard about involving an investor, as..