News not to be missed

Two court instances have ruled in favour of COBALT’s clients whose funds were seized by the Economical Police on suspicion of a criminal origin. Throughout the litigation, COBALT secured favourable ruling for the clients that resulted in release of the..

The Riga Regional Court has ruled in favour of COBALT’s client, awarding the recovery of ten years of unpaid land lease payments. In this case, the court assessed the landowner’s right not only to receive land lease payment debts for..

CREDITREFORM LATVIJA SIA has completed its multi-stage reorganisation by transferring its credit information operations to Crefo Rating SIA (now CREDITREFORM Rating SIA). Additionally, its sister company B2Kapital SIA has been merged into CREDITREFORM LATVIJA SIA. Therefore, the debt recovery and..

The Austrian HS Timber Group has acquired 100% of the shares of Latvian wood processing company Vika Wood SIA from its Swedish owner, Bergs Timber AB. Based in Vienna, HS Timber Group is one of the leading wood processing companies..

The Estonian subsidiary of Apollo Group, Treeland OÜ, has finalized a transaction to increase its ownership in Latvian restaurant chain Lido AS to 96%. The acquisition of an additional 21% of shares solidifies Treeland Group’s position as the majority shareholder...

The Polish deep tech investment fund Radix Ventures has invested EUR 1.5 million in Naco Technologies, a Latvian leader in advanced nano-coating solutions for green energy systems. This funding is part of a larger pre-Series A round totaling EUR 2.5..

Law firm COBALT successfully represented the German company Rheinmetall in its investment in a new factory in Lithuania. The project’s ultimate goal is to build a 155 mm artillery ammunition manufacturing plant in Baisogala, in cooperation with Lithuanian state-owned companies..

The Ministry of Transport of Latvia, airBaltic, and Lufthansa Group have announced the signing of an agreement for Lufthansa Group to invest EUR 14 million in airBaltic to acquire a minority stake and the Supervisory Board seat.  In return for..