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Cobalt Advises AS DNB Pank on Application for Additional Authorization

Cobalt Advises AS DNB Pank on Application for Additional Authorization


Cobalt Estonia advised Aktsiaselts DNB Pank, a subsidiary of Norway’s DNB Bank ASA, in applying for an additional credit institution authorization from the European Central Bank and the Estonian Financial Supervision Authority.

This additional authorization allows Aktsiaselts DNB Pank to broaden its product and service portfolio, and provide investment and ancillary services to its clients.

Cobalt advised Aktsiaselts DNB Pank on all matters related to applying for a new credit institution authorization, including preparing for the application process, drafting the application and other documents required in relation to the process, and communicating with the supervisors carrying out the application proceedings. The firm's team included Partner Kristel Raidla-Talur, Associate Mattias Tammeaid, and Senior Associate Heleri Tammiste.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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