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Sorainen Latvia has advised Rpax One on the sale of telecommunications company Baltcom to mobile communications operator Bite Latvija for an undisclosed price. Fort Legal advised Bite on the transaction, which is pending regulatory approval.

TGS Baltic has helped Latvian hotel operator Mogotel register Melliore Asset Management, an alternative investment fund manager, and Melliore EF 1 closed-end AIF (with two sub-funds, Melliore EF 1 and Melliore RF 1), with Latvia's Financial and Capital Market Commission.

TGS Baltic has advised Vika Wood and Byko-Lat, members of the Bergs Timber group, on Latvian aspects of a refinancing transaction with Danske Bank and Svensk Exportkredit of senior term and revolving facilities worth SEK 622 million and EUR 12 million, where the Latvian companies acted as guarantors. Ellex advised Danske Bank and Svensk Exportkredit.

In late 2018, the Competition Council of the Republic of Latvia published the final report on its most recent in-depth sector inquiry on the distribution practices of reimbursed medicines on the wholesale market and potential competition restrictions therein. The sector inquiry had lasted for almost two years, during which the Competition Council gathered information from both the public and the private sectors, approaching seven producers, twelve wholesalers, and several public institutions, such as the State Agency of Medicines and the Health Inspectorate, among others. Although the Competition Council proclaimed that the main goal of the sector inquiry was to analyze potential competition restrictions on the wholesale market, which could be apparent because of the vertical integration of wholesalers and leading pharmacy chains and the exclusivity status of the wholesalers, no infringements proceedings were initiated as a result. Notwithstanding the lack of subsequent infringement proceedings, however, some crucial conclusions were drawn.

Dentons and Cobalt have advised Latvia's airBaltic airline on its July 23, 2019 placement of 200 million euro issue 6.75 percent 5-year bonds — the largest corporate bond issuance ever originating from Latvia. Linklaters advised J.P. Morgan as global coordinator and it andSEB as joint bookrunners.

Sorainen and Mannheimer Swartling have advised telecommunication company Bite on its agreement with Tele2 to create a shared radio access network in Lithuania and Latvia. TGS Baltic and Vinge advised Tele2.According to Sorainen, the partnership is expected to boost the 5G network development process and benefit for the development of modern economies in Latvia and Lithuania. It will also enable companies to increase service quality for their clients by offering a wider, stronger network and optimizing each party’s network infrastructure maintenance and development costs.

Latvian 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

All News about Cobalt can be found here.

 

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