Cobalt has advised the European Investment Bank on a EUR 50 million venture debt facility to Bolt, the Estonian developer of a ride-hailing app. The borrowers were advised by Sorainen on the financing, which is supported by the European Fund for Strategic Investments.

Triniti has advised ANMKinnisvara, K.E.D.S, and Faroc on the sale of Birger to Finland's Fincumet Group, which was advised by Sorainen.

Partner Aivar Pilv and Attorney Marko Pilv from the Leadell Pilv firm successfully defended businessman Alexander Kofkin in the Harju County Court.

Sorainen has successfully represented Eesti Kontsert, a state-owned philharmonic foundation, in a dispute against claimants United Capital and Brutus Inkasso.

Tark has successfully represented Solaris Bus & Coach in a dispute over the procurement of gas buses for Tallinna Linnatranspordi. 

Cobalt has successfully represented jewelry artist Keiu Kulles in a copyright infringement dispute with AS Saaremaa Piimatoostus and advertising agency La Ecwador.

Piret Blankin has taken over from Partner Hanens Vallikivis as Managing Partner of Derling Primus's Estonian office as part of what the firm describes as its “novel management rotation system.”

Sorainen and Allen & Overy have advised Sage, a UK based company specializing in integrated accounting, payroll, and payment systems, on its acquisition of CakeHR, a Latvian startup that offers a native cloud solution that for HR tasks for small businesses.

PwC Legal has advised DncOne OU, managed by Estonian entrepreneur Ullar Jaaksoo, on its acquisition of iD Susteemide OU.

“The Estonian general election took place in March this year, and we are finally able to see the results,” says Martin Simovart, Partner at Cobalt in Estonia. “Politics in Estonia is now quite a mess. The new government is a populist coalition – this means that the situation is unstable and a polarized sentiment has been created.”

Finland's Castren & Snellman and Sorainen have advised the OP Corporate Bank on its provision of financing to Finland's Veho Group for Veho's acquisition of Silberauto. Finland's Dittmar Law Firm and Ellex's three offices in the Baltic advised Veho on the financing, as they had on the acquisition itself.

Cobalt has advised Karma Ventures on its follow-on investment in career app MeetFrank. Eversheds Sutherland reportedly advised MeetFrank.

Cobalt has advised Danske Bank on the sale of its main building in Tallinn to KEK Arendus OU, a company controlled by local entrepreneur Neinar Seli.

Cobalt has advised Salv, an anti‑money laundering startup founded by ex-TransferWise employees, on its successful raising of USD 2 million in seed funding.

Estonia's Nove law firm has successfully represented Tallinn Notary Triin Sild in a dispute involving the scope of notary duties, in which the Estonian Supreme Court clarified when a notary may refuse to perform a notarial act.

Ellex Raidla has advised IM Arvutid AS on its sale to UP Invest OU, an investment company controlled by Margus Linnamae. Eversheds Sutherland advised the buyers.

Earlier this year the Estonian parliament enacted long-awaited dedicated covered bond legislation, finally allowing local banks to enter both regional and European-wide covered bond markets and to gain access to a reasonably priced and stable source of long-term funding for their key banking businesses (most importantly for funding the issuance of mortgage loans). Additionally, under the new legislation, local covered bond issuers able to meet prudential requirements under the Capital Requirements Regulation (CRR) will be able to benefit from certain forms of preferential treatment afforded to covered bonds. For the local banking sector that, at the moment, remains dominated by Scandinavian banking groups, the new legislation also creates a viable alternative to the parent funding.

Ellex Raidla has advised Auto-Bon Oy on the acquisition of Veho’s Estonian subsidiary, Veho Eesti AS. Veho was advised by TGS Baltic. Financial details were not disclosed, and the acquisition remains subject to approval by competition authorities.