` Toms Šulmanis | COBALT

Toms Šulmanis

Partner / Latvia


Toms Šulmanis heads the Employment & Immigration practice group in COBALT Latvia. Toms has 20 years of experience in the fields of M&A, Corporate/Commercial, Real Estate and Employment, including representation of clients in acquisition and sale of trade centers, commercial and residential developments, advice on all aspects of construction process, drafting and negotiating of commercial leases. Toms has also represented clients in complex corporate and employment matters, like restructuring of operations, redundancies, dealing with trade unions.


  • Employment – Band 1, Chambers Europe 2024
  • Employment – Next generation partner, The Legal 500 2024
  • Corporate/Commercial – Band 3, Chambers Global and Europe 2024
  • M&A – Highly regarded, IFLR 1000 2023


  • Latvian, English, Russian

Membership & education

  • Latvian Bar Association (since 2007)
  • LL.M., University of Latvia, Faculty of Law (2005)
  • LL.B., University of Latvia, Faculty of Law (2003)

    E.R.B. Rail JV signs contract for the construction of Rail Baltica mainline in Latvia

    Employer wins court proceedings in an alleged discrimination case

    Astor Group receives EUR 25 million loan to develop its hotel property business in Riga

    Advertising experience platform Monetizr raises EUR 3.6 million

    COBALT is an exclusive Latvian partner of Fragomen LLP

    VPH Latvia develops a new retail and service complex in Riga

    COBALT assisted on USD 30 million investment in robotic services provider Aerones

    COBALT secures positive decision for Food Union in unfair dismissal case

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

    German retailer Lidl opens 15 stores in Latvia

    COBALT advised Swedbank on evaluating structural changes at the Baltic level

    COBALT advised Dithmarschen Baltic GmbH in acquisition of two agribusiness companies

    Legal assistance to an owner of fuel retail network in Latvia regarding environmental liability issues

    COBALT advised SEB life insurance undertakings on cross-border merger in the Baltics

    COBALT advised Workday, Inc. on the acquisition of Scout RFP

    COBALT advised Roche Latvia on reconstruction of Roche historic headquarters in Riga

    AKROPOLE multifunctional shopping and entertainment center commissioned

    COBALT advised Corum Origin in the acquisition of ELKO Group headquarters office

    COBALT advised Astor Group in the acquisition of Radisson Blu Daugava hotel

    COBALT advises BaltCap Infrastructure Fund in acquisition of biomass CHP in the Riga region

    COBALT advised the sale of A-Katsastus Group’s business operations

    COBALT advises AVS Verkehrssicherung GmbH on the Acquisition of KMK Projekts

    COBALT advised HUGO BOSS on expanding its business operations in Latvia and Estonia

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

    COBALT secures annulment of prohibition to dismiss a trade union member

    COBALT advises AS Storent Investments on the acquisition of Cramo operations in Latvia and Kaliningrad

    COBALT advises AFI Europe Latvia on large-scale residential development project in Riga

    COBALT provides general legal assistance to Snap Inc.

    COBALT advised Gjensidige on the completion of the merger of Baltic companies

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

    COBALT advises AMIC Energy Management GmbH in the acquisition in the Latvian entity of SIA LUKoil Baltija R

    COBALT secures positive decision in unfair dismissal case

    COBALT advised AKROPOLIS GROUP in development of trade centre in Latvia

    COBALT advises Mid Europa Partners on its sale of Bite

    COBALT advised Talfin Amsterdam Holding B.V. in the sale of office building

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

    COBALT advises ELKO Group in acquisition of DL Distributors OÜ

    COBALT achieves positive decision in unfair dismissal case

    COBALT advises SIA Acme Corporation in sale of its subsidiaries to Hili Properties B.V.

    COBALT advises Solvina in SIA Storent Holding share sale transaction

    COBALT in cooperation with Linklaters advises Latvian Privatization Agency in the sale of Citadele Bank to international investors

    COBALT advises Polyplastic Group in acquisition of a polymer pipe production company SIA Evopipes

    BaltCap invests in the largest privately-owned postal operator in Latvia – Post Service Group

    Bite group companies refinance

    Advising Amserv Group in the acquisition of Adam Auto SIA


    Latvian electronic identification cards now available for foreigners

    COVID-19 in Latvia: How and where to work – Ius Laboris Guide for International Employers

    COVID-19 in Latvia: Mandatory electronic registration for all persons entering Latvia

    COVID-19 in Latvia: Ius Laboris Back to Work Guide for International Employers

    Crisis solutions for HR management

    COVID-19 in Latvia: Law on measures for the management of national emergency and its consequences, state financial aid

    COVID-19 in the Baltics and Belarus: FAQs by employers

    COVID-19 in Latvia: Procedure for payment of idle time compensations

    CEELM COVID-19 Comparative Legal Guide: Contracts in Latvia

    Baltic Employment Law News – May 2019

    What preparations are being made for Brexit in terms of immigration rules in Latvia

    Baltic Employment Law News – November 2018

    Guide to employee share options in the Baltic states – August 2018

    The Littler Mendelson Guide to International Employment and Labor Law, Fifth Edition

    Baltic Employment Law News – November 2017

    Baltic Employment Law News – March 2017

    Comparative Investment Guide to the Baltics – July 2016

    Amendments to the Labour Law – June 2016

    Ius Laboris. Introduction to economic and organisational dismissals. Latvia Chapter.

    Boardroom in today’s dynamic business environment

    New legal framework in relation to construction rights and divided property – April 2015

    Invalidation of employee’s termination notice

    Amendments to the Labour Law – December 2014

    New regulatory framework for construction – December 2014

    Corporate Law News – July 2014

    To purchase business or company…What’s better?

    Corporate Law News – December 2013

    IBA Corporate and M&A Law Committee: Treasury Shares Guide 2012. Latvia chapter

    We are driven by your recognition

    “He has experience in complex deals and solutions in various litigations and negotiations concerning employment. He is always fast to respond and provides excellent management skills for the resolution of the problems.”
    Legal 500 2024, Employment
    “Toms Šulmanis provides super effective support, and is always down to earth and realistic.”
    Chambers Europe 2024, Employment
    "Toms Šulmanis is a well-recognized name, assisting with a variety of employment matters. He advises on transfers in company reorganizations as well as representing clients in disputes. He also advises on compliance involving immigration and handles employment contracts."
    Chambers Europe 2022, Employment
    "Toms Šulmanis is praised by clients for his ‘communication skills and speed.’ He is highly experienced in handling employment terminations, immigration and transfer of undertakings."
    Chambers Europe 2019, Employment