` Elo Tamm | COBALT

Elo Tamm

Partner / Estonia


Elo Tamm is a Partner and the Head of EU and Competition practice in COBALT Estonia, heading Healthcare practice and co-heading the Energy. She is one of the most recognised professionals in Estonia in her practice areas.

She has represented leading local and international companies in Estonian Competition Authority in cartel and abuse of dominant position proceedings. Elo regularly assists companies in getting their transactions cleared by the Estonian Competition Authority to enable the mergers to go ahead. In state aid, Elo advises client on how to get state aid, what are the conditions attached to state aid and whether state aid is lawful. Elo has successfully represented clients in Estonian and EU courts and administrative bodies.

EU law is very familiar to Elo. She also excels in Estonian and EU energy law, healthcare and waste regulations. Elo advises clients on climate change.

Elo contributes to the development of her specialisation areas by participating in the work of the Competition Law Committee of the Estonian Bar Association and acting as a Chairwoman of the Healthcare Committee of American Chamber of Commerce in Estonia. She is a regular speaker on the conferences and seminars.


  • Chambers Europe, Competition/Antitrust, Ranked Lawyer, Band 1 – 2007 – 2024
  • The Legal 500, EU and Competition, Hall of Fame – 2020 / 2022 / 2023 / 2024
  • IFLR 1000, Project Development, Highly Regarded – 2022
  • The Legal 500, Competition, Hall of Fame – 2021
  • Chambers Europe, Energy, Ranked Lawyer – 2019
  • The Legal 500, EU and Competition, Leading Individual – 2019


  • Estonian, English, Russian

Membership & education

  • AmCham Estonia member of the Management Board (2022)
  • AmCham Estonia Healthcare Committee chairwoman (2016)
  • Competition Law Commission of the Estonian Bar Association (2015)
  • Energy and Natural Resources Practice Group, Lex Mundi (2009)
  • Antitrust, Competition and Trade Practice Group, Lex Mundi (2008)
  • Postgraduate course in International Trade and Business Law, T.M.C. Asser Institute, the Netherlands (2001)
  • Master of Laws (LL.M) degree in International Business Law, Central European University, Hungary (2001)
  • Estonian Academic Law Society (1999)
  • Estonian Bar Association (1999)
  • Bachelor of Laws (LL.B.) degree (equal to master’s degree qualifications), University of Tartu, Faculty of Law, Estonia (1999)

    AS Terminal defends its rights in the liquid fuel market regarding violations committed by Olerex

    VKG sold VKG Elektrivõrgud to Baltcap

    COBALT advised the sale of district heating network company VKG Soojus to Gren

    COBALT advises Neo Performance Materials Inc. upon development of magnet manufacturing plant in Estonia

    COBALT advises AS PRFoods in selling its Swedish business

    COBALT assisted the client in an internal investigation and successfully defended the client in a cartel criminal case

    COBALT successfully represented VKG in a civil competition damages claim

    COBALT advised Ekspress Group in the Estonian Competition Authority proceedings

    COBALT advised the client in supervision proceedings of the Estonian Competition Authority

    COBALT advised OÜ Mirrow Institute on acquiring a majority stake in DAS Group OÜ

    COBALT advised IBM on reorganization for separation of Kyndryl regarding Baltic jurisdictions

    COBALT advised KMG Inseneriehitus and its shareholders in the acquisition of a 100% stake at YIT Teed

    COBALT advised Wolt in supervision proceedings of the Estonian Competition Authority

    COBALT advised Mid Europa Partners on acquisition of leading Baltics e-commerce platforms

    COBALT advised on sale of 50% of logistics company Nordassets

    COBALT advised BaltCap on acquiring Baltic Ticket Holdings

    COBALT advises Ardian on acquiring Nevel Oy

    COBALT assisted in obtaining the state aid authorisation from the European Commission

    COBALT advised STADA Arzneimittel on the acquisition of Walmark

    COBALT advised funds advised by Apax Partners on acquiring the Baltic Classifieds Group

    COBALT analysed compliance of activities of AS Eesti Teed with rules on state aid

    COBALT advised Ministry of Economic Affairs and Communications in drafting model energy performance contract

    COBALT advises AS RAGN-SELLS on OSA project

    COBALT advised shareholders of TMB Group on selling a major part of its business to Consolis

    COBALT successfully represented UEFA

    COBALT successfully represents AS RAGN-SELLS in a dispute with City of Tallinn

    COBALT successfully represented AS RAGN-SELLS

    COBALT advised shareholders of TMB Group on selling its business to Consolis Group

    COBALT successfully represented AS RAGN-SELLS against City of Tallinn

    COBALT advised Port of Tallinn on its IPO and listing on Nasdaq Tallinn Stock Exchange

    COBALT advises HHLA on acquiring Estonia’s biggest terminal operator Transiidikeskuse AS

    COBALT advised Baltic Horizon Fund on acquisition of Postimaja shopping center

    COBALT advised DNB on the creation of Luminor – largest ever transaction in the Baltic banking market

    COBALT advises Nordea and DNB banks on issues concerning insolvent dairy producer Tere

    COBALT advises DAVA Agravis Machinery Holding on acquisition of 45% of shares in Konekesko Ltd

    COBALT advised AS TMB, one of the largest manufacturers of concrete elements in the Baltics, on its acquisition of Betonimestarit-Group

    COBALT advises DNB upon combining its operations with Nordea in the Baltics

    COBALT advised Circle K (Statoil) upon acquisition of Premium 7 filling stations

    COBALT analysed transposition of energy efficiency directive to the Estonian legislation

    COBALT advises BaltCap in acquiring Baltic operations of financial automation company OpusCapita

    COBALT advises ELKO Group in acquisition of DL Distributors OÜ

    COBALT represented Hanza Holding AB in obtaining merger clearance from the Estonian Competition Authority

    COBALT advised Naspers on the sale of its Estonian and Lithuanian classifieds business to Eesti Meedia

    COBALT advised East Capital Explorer upon acquisition of majority stake in leading Estonian communication services provider Starman

    COBALT advised one of Europe’s leading suppliers of industrial coatings Teknos Group Oy on the acquisition of Kemiflora’s paints and coatings business

    COBALT advised children’s furniture manufacturer AS Flexa Eesti in a complex real estate sales transaction

    COBALT analysed the ownership unbundling of natural gas transmission system operator

    We are driven by your recognition

    "Competition law can be tough to understand, but she makes everything clear and super easy. She is able to understand specifics of our business and provide solutions to the most complex situations," explains an impressed client.
    Chambers and Partners 2021, Competition / Antitrust