Cobalt > Vilnius, Lithuania > Firm Profile

Lvivo 25
09320 Vilnius

Lithuania > Banking, finance and capital markets Tier 1

Cobalt is highly skilled in cross-border instructions, and often utilises its offices in Latvia and Estonia for pan-Baltic mandates and is also known to handle matters involving wider Europe and the US. This workload has entailed advising on financing, capital markets and corporate transactions within the financial services sector, as well as more niche areas such as aviation finance and fintech. Akvilė Bosaitė jointly leads the team and is highly skilled in the aforementioned areas, with additional strengths in the insurance sector. Also leading the team is Eva Suduiko, who is also skilled in advising on major financings, corporate transactions and capital markets mandates. Elijus Burgis, who is noted financings and corporate transactions, is another key name.

Other key lawyers:


‘Open-minded and agile.’

‘In our experience no other Lithuanian top tier legal firm could do a better job for us.’

‘What we need in legal advice is speed, efficiency, effectiveness, reliability, completeness, understanding of our needs, creativity and proactivity in providing solutions. That’s what we get with Cobalt individuals, particularly Akvile Bosaite, Elijus Burgis and Eva Suduiko.’

Key clients

Luminor Bank AS


European Investment Bank





Nordic Investment Bank

PZU investment fund management company



B4Payment GmbH (SEPAexpress)


Kevin EU

AB East West Agro

Practica Capital

Change Ventures

Work highlights

  • Advised the European Bank for Reconstruction and Development (EBRD), Swedbank and Citadele banks on providing a syndicated loan for the development of UAB Vakarų medienos grupė.
  • Advised Luminor Bank AS on the issuance of covered bonds.
  • Advised an Irish aircraft lessor Genesis on its strategic alliance with Heston Aviation to create Heston Airlines.

Lithuania > Commercial, corporate and M&A Tier 1

A leading pan-Baltic firm, Cobalt is highly skilled in cross-border transactions, most recently assisting Aviva with the sale of its Lithuanian and Polish operations to Allianz. Juozas Rimas advised on that transaction and specialises in M&A and private equity transactions. Managing partner Irmantas Norkus has a similar focus on M&A and PE, with additional strengths in competition law. Corporate transactions are also a specialty of Elijus Burgis, especially within the banking and energy sectors.


‘Cobalt is a market leader in the Baltics (full service but with a particular focus on transactional work).’

‘Pro-business approach and commercial awareness at Cobalt are on a very high level since the beginning of the project (quotation and understanding of the background) through its implementation (structuring transaction in line with client’s business expectations) to its completion (corporate integration aimed at reaching ultimate business aim).’

‘We worked only with partner Juozas Rimas. He did an excellent job of working with the clients in parallel to manage their expectations regarding the scope, pricing, and overall project management. We are looking forward to having more joint projects (his commercial awareness adds efficiency to joint projects, especially in a cross-border context).’

Key clients

Mid Europa Partners

Johnson & Johnson


Levine Leichtman Capital Partners



INVL Baltic Sea Growth Fund

Barings BDC

Moog Inc

Resource Partners



Lithuanian Railways




Work highlights

  • Advised Mid Europa Partners on the acquisition of  platforms Pigu and Hobby Hall Group.
  • Assisted Aviva with the sale of its entire shareholding in Aviva Poland, with the Lithuanian subsidiary, to Allianz.
  • Advised  Levine Leichtman Capital Partners on the acquisition of Creditinfo Group in partnership with its founder and management team.

Lithuania > Dispute resolution Tier 1

Cobalt has been very active in cases concerning energy, transport and banking, particularly in relation to damages claims, bankruptcy and procurement. The aviation sector is an industry of particular prominence and the firm counts Air Baltica and Riga International Airport as clients. Practice head Rimantas Simaitis’ work has a strong emphasis on energy and transport law, and expertise in litigation and arbitration. He is supported by Deividas Soloveičik, a well regarded name for public procurement cases. Paulius Markovas is a key figure for the firm’s bankruptcy and restructuring disputes work. Insurance disputes specialist Marius Inta and senior associate Milda Markevičiūtė, who assists Simaitis’ on numerous matters, are also noted. Žygimantas Pacevičius was a new arrival in September 2020.

Practice head(s):


‘I have worked with Marius Inta who is bright, responsive and creative with solutions. I think Marius is a good all rounder with litigation and insurance expertise. He has a good manner with clients and reports clearly.’

‘Cobalt are represented across the Baltic countries and are clearly an integrated firm, uniquely positioned in the region in my view, to offer a comprehensive and sophisticated legal service to corporate clients in particular, requiring specialist advice and support in these markets. I found their costs to be very reasonable given the scale and complexity of the work that was instructed and never had any billing issues with them.’

‘I worked primarily with Marius Inta. I found him to be responsive, balanced in his advice and highly astute on key decisions regarding strategy and legal interpretation. A very trust worthy advocate.’

‘We are very pleased with dispute resolution team: we are mainly dealing with partner Rimantas Simaitis and senior associate Milda Markeviciute and we value the depth and the quality of legal advice. We are comfortable and quite at ease knowing that our cases are being managed in the top level. The team is very thoughtful and has high competence in managing disputes. They like to get to the bottom of disputes in question and we value the understanding of the kind of disputes we are having.’

‘We would like to highlight partner Rimantas Simaitis for his one-of-the-kind point of view to disputes and senior associate Milda Markeviciute for her ability to manage any dispute put before her in an efficient manner. They manage their team very well.’

Key clients

AB Lietuvos geležinkeliai

Veolia Group

Enercon GmbH

Citadele Leasing

Riga International Airport

AB ORLEN Lietuva

UAB Merko statyba and Merko Ehitus AS

Lithuanian Car Roads Administration

UAB ATEA Baltic, UAB ATEA, UAB ELSIS and related group of ATEA/Ementor companies

Air Baltic Corporation A/S

Vakarų medienos grupė


UAB Pramonės energija

BOD group

Suek AG

UAB Alna, UAB Alna Business Solutions, UAB Alna Software


Steinmuller Babcock GmbH

Rituals Cosmetics enterprise B.V.


Work highlights

  • Represented a major Latvian airport as a respondent in a case initiated by formerly one of the biggest air carriers in Lithuania which is currently undergoing bankruptcy proceedings.
  • Represented AirBaltic as a co-respondent in a standalone case involving claims for damages from another air carrier and its former shareholders.
  • Represented UAB Vilniaus energija (a Veolia Group company) in a dispute against a Lithuanian distribution network operator Ignitis, AB regarding discrimination against other CHP plants and a state-owned electricity plant.

Lithuania > Employment Tier 1

Cobalt represents a number of multinational clients and has been particularly active in advising companies on employment issues relating to entry into the Lithuanian market, setting up subsidiaries and the employment aspects of M&A transactions. Specialist counsel Dalia Foigt-Norvaišienė leads the team and is highly skilled in advising on transactions as well as day-to-day employment activities. Žilvinas Kvietkus, who has a particular interest in the life sciences and pharmaceuticals sectors, is another name of note, as is senior associate Jovita Valatkaitė, who specialises in employment and migration law.


‘Good response times and knowledgeable on Lithuanian employment law.’

‘Response, reliability of the information, and ease of access.’

‘Friendly, responsive, and pragmatic.’

Key clients

Western Union

Wolt Enterprises Oy




Stada Arzneimittel







Ministry of Health of the Republic of Lithuania

Arxan Technologies, Inc



LIDL Stiftung

Global Blue

Evolution Gaming

ALD automotive





Kevin EU

Work highlights

  • Providing AT&T with continued advice regarding complex employment law issues, such as transfer of business and of the employees, confidentiality, non–compete undertakings etc.
  • Advised Evolution Gaming regarding establishing its activities in Lithuania as well setting up the employment and remuneration structures.
  • Advised Stada Arzneimittel on employment-related matters in its acquisition of Walmark.

Lithuania > EU and competition Tier 1

Cobalt’s position as one of the largest law firms in both Lithuania and the Baltics means it is a popular choice for major merger clearances, state aid, cartel investigations, price fixing and abuse of dominance cases. Rasa Zaščiurinskaitė specialises in EU and competition and is particularly prominent in the energy, pharmaceutical, and aviation sectors. Managing partner Irmantas Norkus and corporate partner Elijus Burgis are very experienced in merger clearances; the former also handles disputes. Senior associate Laura Ryzgelyte, who formerly worked in the Brussels office of Norton Rose Fulbright, is a recent arrival.

Practice head(s):


‘ COBALT lawyers always find precise and knowledge-based solutions for every problem.’

‘I’d like to note Rasa Zasciurinskaite. It’s a great pleasure to work with such a highly qualified lawyer. She always provides very clear and ingenious advice. Her strategic thinking, careful attention to details and extensive experience create value for every client. I would highly recommend Rasa Zasciurinskaite as an advisor to anyone.’

‘Partner Rasa Zasciurinskaite leads this team very well and is very helpful.’

‘Serious, capable and likeable team. Very responsive and responsible.’

‘Rasa Zasciurinskaite stands out as the anchor of the team and the client relationship.’

‘One of the leading practices, if not the leading practice for competition law in Lithuania. Huge experience with difficult cases (esp mergers), a lot of useful practical know-how, excellent relationship with the national competition authority of Lithuania (Competition Council).’

‘Cobalt keeps us constantly informed about news in the market – new regulations, requirements, especially in regulatory and competition area. We appreciate the urgency and high attention of COBALT lawyers to each problem or inquiry question we forward them. In addition, we always feel the team provides full concentration on the issue and a high level of teamwork. We are comfortable when delegating our issues to COBALT as we are in good hands.’

In competition issues we mostly communicate directly to Rasa Zasciurinskaite, who is a top-level professional in this area, in our opinion. Rasa is sensitive to details. She can provide urgent advice, if necessary, but her advice always remains  very diligent and extensive.

Key clients

Air Baltic Corporation

Moller Auto


Estrella Baltics (part of Intersnack Group)

Lietuvos geležinkeliai (Lithuanian Railways)

Riga International Airport


KJK Management

ARX (official Skoda importer in Lithuania)

Kesko Senukai Lithuania

Media bitės

Lords LB Asset Management



Innovative Pharmaceutical Industry Association (IFPA)

Kauno grūdai



Vilniaus energija

Novian Technologies


ORLEN Lithuania

Lyra Group

European Investment Bank

Lithuanian Business Support Agency



Lietuvos paštas (Lithuanian Post)

Biržų ranga


Lietuvos radijo ir televizijos centras

Benu, Tamro (Phoenix group)

Tolimojo keleivinio transporto kompanija

Lithuanian basketball league

AkzoNobel Baltics

Concretus Group

Rokiškio pienas

Pieno žvaigždės


Mediterranean Shipping Company

Work highlights

  • Represented ATEA Baltic (a major international provider of IT services) in two investigations into alleged cartel agreements.
  • Represented the shareholders of KG Group (an internationally active Lithuanian conglomerate primarily focused in agriculture) in obtaining merger clearance for selling their business to a major competitor.
  • Represented the Lithuanian Basketball League and one of the basketball clubs in the investigation by the Lithuanian Competition Authority on the compliance of actions of the Lithuanian Basketball League and basketball clubs concerning the conditions of payment of salaries to basketball players.

Lithuania > Intellectual property Tier 1

Cobalt is a leading firm in the market for patent litigation, most recently assisting big names such as Novartis and Bayer with infringement disputes. The team also has experience of handling contentious matters involving trade mark and copyright law, particularly in relation to infringements and oppositions. Practice head Žilvinas Kvietkus is an expert in life sciences and pharmaceutical law matters. Managing associate Julija Beldeninovienė, who has a similar focus on pharmaceutical law, is another name to note.

Practice head(s):

Other key lawyers:


‘Brilliant legal knowledge=,= as well as great commitment to the client’s needs.’

‘Kvietkus and his team are always within reach with open ears and minds.’

‘Excellent service, quick response, easy to work with.’

Key clients

DPD Lietuva, UAB


Berlin-Chemie AG


Bayer Cropsience AG

Bayer Intellectual Property GmbH

Novartis Pharma AG


Švaros broliai, UAB

Amadeus IT Group, S.A

MB Rideris


Work highlights

  • Advised DPD Lietuva on a dispute before the State Patent Bureau regarding cancellation or revocation of the trademark initiated due to the request of another parcel delivery company to cease using its trademark.
  • Advised Novartis International AG in respect of the request to grant a cross-border PI against Mylan’s generic deferasirox product in the patent/SPC infringement proceedings in the Netherlands.
  • Advised Bayer Intellectual Property GmbH on complex issues related to the potential patents infringement litigation.

Lithuania > Real estate and construction Tier 1

Cobalt is a leading adviser to investment funds on their interests in the construction of major infrastructure projects. One of its clients is BaltCap Infrastructure Fund, which is a major investor in this space. The team is also highly skilled in real estate transactions and leasing agreements, with a particular interest in commercial, retail and hospitality properties. The practice is led by Simona Oliškevičiūtė-Cicėnienė, who is ‘a really strong professional in the real estate field‘.  Artūras Kojala, who specialises in real estate and infrastructure developments, is another name to note.


‘They take time to explain the issues, and really think about ways to solve the issues. They are able to give real opinion on the risks of each issue. Very reactive and professional.’

‘Have a relevant & experienced team with deep knowledge of the sector. Easy with communication & accessible team (on demand).’

‘Team is very motivated, strongly oriented to the result and clients’ interests.’

‘Simona Oliškevičiūtė-Cicėnienė is easy to communicate with and a really strong professional in the real estate field. All tasks were done in the fastest terms, professionally.’

Key clients

Lietuvos geležinkeliai, AB

Corum Asset Management

BaltCap Infrastructure Fund

Prosperus Asset Management

Orion Asset Management

Union Asset Management

UAB Vilbra



LCN Capital Partners

ATEA Group

KS Boulevard C.V.

Evolis, UAB

Merko statyba, UAB


Invest in Lithuania

Šiauliai Free Economic Zone Management Company

Kėdainiai Free Economic Zone Management Company

Amberwind, UAB

Imlitex Holdings, UAB

LIM Verslo Trikampio NT Fondas, UAB

Šiauliai Free Economic Zone Management Company

European Energy A/S

Lords LB Asset Management

Nordecon Betoon OÜ

E Energija Group

Enefit Green UAB

UAB “IREC Baltic”

UAB Sandworks


Work highlights

  • Advised AB Lietuvos geležinkeliai, a state-owned railway company, on a planned brownfield project to convert over 33 ha territory near the train station of Vilnius, Lithuania, to an integrated transport (train and bus), services and office hub with all related infrastructure and public areas.
  • Advised BaltCap Infrastructure Fund, a fund managed by private equity and venture capital funds manager BaltCap, in connection with its investment in a new multifunctional complex for sports, health, education and culture in Vilnius – National Stadium.
  • Advised Western Union Processing Lithuania on the biggest office premises lease transaction of 2020 involving 15,346 sq. m of lettable space.

Lithuania > Tax Tier 1

Cobalt handles tax structuring, transfer pricing and the tax aspects of M&A for clients. Practice head Rokas Daugėla is ‘a very experienced lawyer with in-depth understanding of complex international and local tax topics‘ and is particularly skilled in transfer pricing. He is supported by senior associate Nerijus Jurkus, who specialises in tax and customs, and advises on both tax due diligence and disputes.

Practice head(s):

Other key lawyers:


‘They have a number of qualified lawyers who have their areas of expertise and know those areas very well. Our private banking clients appreciate that they can receive expert consultations on the most complex matters and in many cases very specific situations. The team also has a very positive and attentive attitude and are always very quick to react.’

‘Rokas Daugela is a very experienced lawyer with in-depth understanding of complex international and local tax topics, yet he has a gift of communicating the most difficult and technical aspects in a very straightforward and easy to understand manner. He also has loads of experience that he relies on when advising or simply speaking to our clients and I know that the clients appreciate that.’

‘The team responds promptly and provides qualified assistance.’

Key clients


Practica Capital

Linas Agro Group

Lidl Lietuva

Bennet Distributors

Skonis ir kvapas

G4S Lietuva

NEPI Rockcastle

East West Agro



Kauno Grūdai





Work highlights

  • Advised 7-Industries on all tax matters related to the acquisition of 25% shares of UAB Light Conversion.
  • Advised the shareholders of AB Kauno grūdai group companies on selling shares to AB Linas Agro Group.
  • Represented Lithuanian residential property development fund in a tax dispute with the Lithuanian tax authorities relating to tax exemptions applied by the fund.

Lithuania > Fintech Tier 2

Cobalt acts for both local and international fintech players on licensing and regulatory compliance matters, as well as capital raising rounds. It also advises foreign fintech companies on entering the market in Lithuania, as well as assisting Lithuanian companies with expanding across Europe. Akvilė Bosaitė and Eva Suduiko jointly lead the team.

Practice head(s):

Other key lawyers:

Aurelija Balčiūnė; Lina Aleknaitė-van der Molen; Greta Kvedaravičienė; Justina Aužbikavičienė

Key clients




ValorPay, UAB

TeslaPay, UAB

Wittix, UAB

Wallter, UAB

Paydoo Payments, UAB


B4Payment GmbH (SEPAexpress)

Work highlights

  • Advised a US-based “buy now, pay later” unicorn Sezzle Inc. on acquiring an electronic money institution (EMI) licence in Lithuania.
  • Advised PayPal on Lithuanian law requirements applicable to provision of payment services in Lithuania.
  • Advised Kevin EU, UAB, a payment initiation FinTech company and standard payment services disruptor, in a European roll-out of its activities as well as raising seed round investment from venture funds.

Lithuania > Projects and energy Tier 2

Cobalt is notably skilled in assisting investment funds with their ventures in the infrastructure arena and counts the BaltCap Infrastructure Fund as a key client. The team advises on all areas of infrastructure, most recently assisting with projects pertaining to education, health, transport and recreation. Practice head Simona Oliškevičiūtė-Cicėnienė focuses exclusively on real estate and infrastructure projects.

Other key lawyers:

Artūras Kojala; Vydmantas Grigoravičius; Aušrys Šliavas; Andrius Kazlauskas; Ignas Jurkynas

Key clients

Lietuvos geležinkeliai, AB

Corum Asset Management

BaltCap Infrastructure Fund

Prosperus Asset Management

Orion Asset Management

UAB Vilbra



LCN Capital Partners

ATEA Group

KS Boulevard C.V.

Evolis, UAB

Merko statyba, UAB, a member of Merko Ehitus Group


Invest in Lithuania

Šiauliai Free Economic Zone Management Company

Kėdainiai Free Economic Zone Management Company

Amberwind, UAB

Imlitex Holdings, UAB

LIM Verslo Trikampio NT Fondas, UAB

Šiauliai Free Economic Zone Management Company

European Energy A/S

Lords LB Asset Management

Nordecon Betoon OÜ

E Energija Group

Enefit Green UAB

UAB “IREC Baltic”

RB Rail AS

Lietuvos geležinkeliai

Invest in Lithuania

Lords LB Asset Management

Höegh LNG

Vilniaus energija, AB

Vėjų spektras, UAB

Vėjo gūsis, UAB

Vėjo vatas, UAB

Amberwind, UAB (SPV company belonging to Stemma Group, one of the largest groups in Lithuania operating in the field of wind park construction and operation)

European Energy A/S

UAB “Energia futura”

Work highlights

  • Advised Lithuanian Railways on a planned brown field project of regional importance to convert over 33 ha territory near the train station of Vilnius to an integrated transport (train and bus), services and office hub.
  • Advised BaltCap Infrastructure Fund in connection with its investment in the real estate development to be leased to Queen Morta school (Karalienės Mortos mokykla) and Childhood Garden pre-school (vaikų darželis “Vaikystės sodas“).
  • Advised UAB Kėdainiai Free Economic Zone (FEZ) on drafting establishment and operation agreements.

Lithuania > Shipping and transport Tier 2

Equally strong in both contentious and non-contentious matters, Cobalt primarily focuses on work connected with roads, as well as the maritime and aviation industries. Its workload covers advice on cargo compensation claims, customs procedures and commercial agreements. Team head Vaidas Mackonis counts Kuehne + Nagel as a key client. Mackonis specialises in transport law, with additional strengths in adjacent areas such as environmental and infrastructure law.

Practice head(s):


‘They have a great team.’

‘They know our business very well, especially Vaidas Mackonis.’

Key clients

Kuehne + Nagel, UAB

Alpi Baltika, UAB

Lithuanian National Road Carriers Association LINAVA


UAB “BTL Group“/ UAB “Baltic transline” / UAB “Baltic transline transport”

Riga international airport

AB Lietuvos geležinkeliai

Scania CV AB

Air Baltic Corporation A/S

MAAS Aviation

Work highlights

  • Advised KUEHNE + NAGEL on a dispute concerning an improper customs clearance operation.
  • Represented TOKIO MARINE KILN INSURANCE LIMITED in a civil case  regarding the damage caused by a fire during the carriage of goods in Belgium.
  • Advised ERA Holdings on the conclusion of a sale-purchase agreement of a yacht “Oceandrive”.

Lithuania > TMT Tier 2

Cobalt is a popular choice for international tech companies and recently assisted Huawei Technologies on the roll out of 5G technology in Lithuania. The team also advised global tech companies on video-sharing platforms, on-demand programme services, privacy and election advertising. Žilvinas Kvietkus oversees the team and has extensive experience in telecoms regulations and commercial agreements. He is supported by managing associate Julija Beldeninovienė and senior associate Renata Vasiliauskienė.

Practice head(s):


‘Cobalt law firm is able to provide all the legal services which could be requested by client. They have very good knowledge of the pharmaceutical business.’

‘Strong TMT team with impressive broad range of expertise. Really efficient lawyers and always available. They are pleasure to work with.’

‘Zilvinas Kvietkus is pragmatic and solution oriented lawyer with strong graps of dynamics in “regulated industries” such as telecommunications. Managing Associate Julija Beldeninoviene is a rising star and very capable lawyer.’

‘Zilvinas Kvietkus is incredibly knowledgeable of not only the law but the market dynamics. His advice and guidance is practical and clear.’

Key clients

Huawei Technologies (Vilnius), UAB

Evolution Lithuania, UAB

EngageCraft, Ltd.

Coral solutions, UAB

Association of Innovative Pharmaceutical Industry, S.A.

Johnson & Johnson Poland Sp. Z o.o.


Ferrero Polska Sp. Z.o.o



Ipsen Pharma


Merck Sharp & Dohme

JCDecaux Lietuva UAB

Eldes UAB

Minordija UAB

Fleet Complete Lietuva, UAB

Hoegh LNG Klaipėda, UAB

Western Union Processing Lithuania, UAB

Betonika, UAB (Consolis group)

Forum Cinemas, UAB

Elektrum Lietuva, UAB

Monetų namai

Finolita Unio, UAB

Wallter, UAB

Work highlights

  • Advised Coral Solutions on matters related to the technical and regulatory compliance.
  • Advised Volkswagen on the enrolment of on-demand functions of mobile online services and connected services in VW vehicles.
  • Advised Huawei on Lithuanian regulation related to 5G development and assisting the company in communication with the government authorities in relation to 5G development in Lithuania.

COBALT is a closely integrated alliance of top-tier law offices across the Baltics uniting more than 250 attorneys and lawyers. The firm’s legal professionals offer leading–edge legal solutions in all key areas of business law: banking and finance, capital markets, mergers and acquisitions, EU law, competition, dispute resolution, restructuring and bankruptcy, real estate and construction, energy and infrastructure, employment, IP, IT and regulatory, environmental law, transportation and tax.

BANKING, FINANCE & CAPITAL MARKETS Kristel Raidla - 513 6997
EU & COMPETITION Elo 512 0573
EU & COMPETITION Ugis 2632 8671
EU & COMPETITION Rasa Zaščiurinskaitė 655 38008
IP, IT & DATA PROTECTION Egon 518 8579
IP, IT & DATA PROTECTION Indrikis 2928 4852
REAL ESTATE, ENERGY & ENVIRONMENT Simona Oliškevičiūtė-Cicėnienė 698 88460
TAX Sandija 2914 2856
TAX Rokas Daugė 688 84503
DISPUTE RESOLUTION Dr Rimantas 652 36366
Julija Beldeninovienė photo Julija BeldeninovienėJulija Beldeninovienė is a Managing Associate, Attorney-at-Law having over 12 years of…
Akvilė Bosaitė photo Akvilė BosaitėAkvilė Bosaitė is a Partner and Co-Head of the Banking and Finance…
Elijus Burgis  photo Elijus Burgis Elijus Burgis is a Partner and Head of the firm’s Corporate Transactions…
Simona Cicėnienė  photo Simona Cicėnienė Simona Oliškevičiūtė-Cicėnienė is a Partner and Head of Real Estate and Infrastructure…
Rokas Daugėla  photo Rokas Daugėla Rokas Daugėla is a partner and Head of the Tax Practice Group. Rokas…
Marius Inta  photo Marius Inta Marius Inta is a Partner and Head of the Commercial Disputes Practice…
Žilvinas Kvietkus  photo Žilvinas Kvietkus Žilvinas Kvietkus is a Partner at COBALT Lithuania and Head of Corporate…
Irmantas Norkus photo Irmantas NorkusDr Irmantas Norkus is the Managing Partner of COBALT Lithuania. During his career…
Juozas Rimas  photo Juozas Rimas Dr Juozas Rimas is a Partner and the Head of the Mergers and…
Rimantas Simaitis  photo Rimantas Simaitis Dr Rimantas Simaitis is Partner and Head of the Dispute Resolution Department.…
Eva Suduiko  photo Eva Suduiko Eva Suduiko is a Partner and Co-Head in the Banking and Finance…
Jovita Valatkaitė  photo Jovita Valatkaitė Jovita Valatkaitė has over 9 years’ experience of legal practice in the fields…
Rasa Zaščiurinskaitė  photo Rasa Zaščiurinskaitė Rasa Zaščiurinskaitė is a Partner and Head of the Competition Practice Group at COBALT…
Number of Partners : 40
Number of Lawyers : 203
GALA (Global Advertising Lawyers Association)
Lex Mundi
World Services Group (WSG)
Ius Laboris
INTA - International Trademark Association
IBA (International Bar Association)
Mindful Business Charter (MBC)

We are committed to continuing to build an inclusive culture and to make diversity and inclusion an integral part of our decision-making at every level of the firm.

At Cobalt, we are committed to creating a culture of equality providing an environment within which all employees have equal opportunities for development and progression. All our people are key to our future growth and ongoing success.

Some of our career development, talent acquisition and retention initiatives and principles are mentioned below:

Career development

We don’t have a specific female-focused career development program. These expectations are equal for all moving on their career path. We have 8 main levels in our career plan and these steps are determined by years of experience, level of education and specific expectations that need to be filled in order to move to the next level. All these expectations are discussed when the entry level starts at the office or yearly during the performance reviews.

Seeking new talent

We run a twice a year traineeship programmes (winter and summer) in Estonia. Traineeship program lasts for 4-6 weeks and yearly we hire yearly about 12% from the trainees to our firm. In average applicants are 30-35% male and 65-70% female, and the ratio of successful candidates has been 50% female and 50% male for the past 3 project rounds.

Seeking experienced hires

When seeking experienced talent, we keep a close eye on our market and conduct a wider public hiring campaigns or targeted searched for certain fields. In addition, we campaign and share our vacancies and opportunities always on different marketing channels, to ensure the widest outreach possible.

Fair promotion and appraisal practices

We strongly believe that following fair promotion practices are of critical importance in setting the tone for our internal culture and retaining talent. We promote based on merit, results and ability.

Equal pay and bonus

We remain confident that men and women are paid equally for doing equivalent roles within Cobalt. We continue to monitor our mean and median pay ratios on all the levels in the firm. We are systematically running analysis on the salaries of our associates at different levels, at our partner’s and our business services team to ensure that. We are also closely reviewing our bonus procedures as part of the annual salary review, and we commit to treating men and women equally when considered for a bonus.

Diversity & Inclusion

We value diversity and the benefits diverse teams bring to our clients. While we currently don’t have a formal firm-wide D&I policy just yet, we continue to strive to create an inclusive culture and diverse workforce where our people have a sense of belonging and feel they are equally involved and supported​. We are committed to continue creating an inclusive culture and make diversity and inclusion an integral part of our decision-making at every level of the firm. At the moment Estonia has six female and seven male partners, Lithuania has four female and fourteen male partners, Latvia has two female and seven male partners. Meaning 33% of our partners are female.

According to Eurostat, Estonia and Latvia still have the highest gender pay gap compared to other EU Member States, we believe it is our responsibility as a corporate citizen to take a firm action to improve the current situation.

COBALT is a closely integrated alliance of top-tier law offices across the Baltics uniting more than 200 attorneys and lawyers.

Finnish Desk

COBALT’s Finnish Desk, based in our Tallinn office, focuses on legal issues related to cross-border business activities between Estonia, Latvia or Lithuania and Finland. Its main target group consists of the investors, entrepreneurs and companies in the Baltic States having a business interest in the Finnish market and vice versa.

The Finnish Desk consists of a four-member project management team: Martin Simovart, partner, Jesse Kivisaari, specialist counsel, Getter Villmann, junior associate, and Hegle Pärna, assistant lawyer.

In addition, the services of the Finnish Desk provide access to the high-level legal services of COBALT law office in all legal areas in the Baltics, and to an extensive global partner network, including the exclusive membership of the Estonian office in World Services Group which intermediates worldwide recognised legal professionals and high-quality legal services, and in Lex Mundi which is an organisation of the world’s leading independent law firms.

German Desk

Germany is an important trading partner for the Baltic States. Many German and Austrian companies have established subsidiaries in Estonia, Latvia and Lithuania. Likewise, Baltic entrepreneurs expand their business to German speaking countries. Accordingly, the demand for legal services in German language is quite high. We advise both domestic companies that are entering markets in Germany, Austria or Switzerland, as well as investors from German speaking countries.

Our team consists of qualified lawyers who have obtained their master or doctorate degree at German universities and have gained certain working experience in German law offices.

CLIENT: Flavio Perini, Chief Executive Officer, Chairman of the Board, AS Baltika
TESTIMONIAL: I met with COBALT team for the first time during early spring 2020 when me and the shareholders were evaluating the opportunity to apply for the reorganisation of Baltika, one of the biggest retail companies in Estonia with also a presence all over Baltics, listed on Nasdaq Baltic Stock Exchange market. COBALT team was leading Baltika’s team through this complicated and uncertain procedure with a lot of professionalism, seriousness and preparation and the final result achieved thanks to their help was simply great.

CLIENT: Donatas Aksomitas, Managing Director, AGACAD
TESTIMONIAL: AGACAD had worked with Cobalt in the past on a variety of corporate matters and always found them to be highly knowledgeable on both the legal and the business side, as well as proactive and efficient. For M&A work, the reputation of the firm – and in particular that of Juozas Rimas who heads the M&A Practice – preceded them. There was a long track record of deals where they successfully advised both local and international clients. So we knew we could count on them to represent our interests effectively and professionally in this transaction of historic importance to AGACAD and its founders.

CLIENT: Olga Barreto Goncalves, CEO, Latvian Startup Association “Startin.LV”
COMPANY/FIRM: Latvian Startup Association “Startin.LV”
TESTIMONIAL: Our recent experience with Cobalt included work on the new share option regulation in Latvia which took almost a year.

The elaboration on the new share option regulation in Latvia is an excellent example of private-public cooperation, which has resulted in the qualitative, balanced and up-to-date legal framework, embodying the best international practice and respecting essential local requirements.

As the lead voice of the start-up ecosystem in Latvia, we can confirm that the new share option regulation was a long-waited improvement and we already notice its positive impact on industry development.

Together with the start-up community, venture capitalists, parliament representatives (in particular Mr Reinis Znotiņš), Cobalt was one of the key drivers within the legislative process, demonstrating an excellent understanding of the business side and providing crucial legal input throughout all process.

CLIENT: Darius Žakaitis, Founder, Tech Zity UAB
TESTIMONIAL: COBALT has advised our company Techzity UAB on the acquisition of shares in Techfabrikas UAB and the creation of a joint venture for the development of an innovative business park in Klaipėda, Lithuania. COBALT lawyers always find logical and knowledge-based solutions for every problem. I really enjoy working with COBALT and feel they have my back every step of the way. They were agile, pragmatic, bold, consistently level-headed and worked 24/7 to keep the deal on track. The team handles the full spectrum of M&A work and appears to be the first port of call for many of the market’s most high-value and sophisticated matters. Their attention to detail, extensive experience and strategic skills create value for clients.

COMPANY/FIRM: OP Corporate Bank plc Latvia branch
TESTIMONIAL: COBALT team was reached to provide their service in preparing credit documentation for a project finance case in energy sector. With the team’s professional and elaborative approach, it was possible to reach the goal in rather compressed time schedule. The team was certain not to overlook any details and they were prepared for anything that could come their way during discussions. It was also significant contribution that the involved specialists were following very carefully the set milestones in order to satisfy their fulfilment. Extensive knowledge of the energy sector was essential in supplementing the final documentation with important elements. All in all, ability to work under pressure and find compromises were also important elements to finalize this service, and we are thankful for the team’s contributions in this project.

Dr Irmantas Norkus, Managing partner

What do you see as the main points that differentiate COBALT from your competitors?

Over the last 20 years, we have grown from a 1-practitioner firm to an organiztion of more than 100 people in Lithuania. We now count more than 250 team members in the Baltics. Today we are located in three capital cities – Vilnius, Riga and Tallinn.  A constant appetite for growth keeps us looking for innovation and development. We are well diversified and specialized; our firms cover the full range of business law as well as provide private services (family law and white-collar crime) to individuals. In terms of the age of our partners, we are one of the youngest partnerships in the market.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Corporate / M&A will continue to grow in 2022. Post-pandemic recovery and over-liquidity in the market will drive investments in the M&A market. Foreign direct investments should increase in the Baltics too.

Regulatory advice in the markets of financial services will continue to be in demand. A growing ecosystem of fintech companies will require more extensive legal guidance. Data protection and consumer protection are growing areas too. It is very likely that governments will tighten tax regulations to recover part of the state aid distributed to prevent the economic crisis due to COVID.

What’s the main change you’ve made in the firm that will benefit clients?

We try not to reinvent the bicycle but to adapt it to the new environment. We monitor the evolution of business and aim to provide support to companies that embrace the future. Therefore, there is not one change but a group of regular improvements to our services addressing the changing needs of the client.

Is technology changing the way you interact with your clients, and the services you can provide them?

Absolutely. Remote working encouraged us to test various media and communication forms to interact with clients and provide services. In certain instances, to speed up the process, we share the database, document templates and proprietary information with clients, while working on documents simultaneously and drafting without exchanging multiple versions of the same document. This allows us to better engage with the client, understand his needs and produce documents in a more expedient manner. We share our resources (data and people) with clients too.

Can you give us a practical example of how you have helped a client to add value to their business?

Being connected and having partners in all European jurisdictions, we often help clients who are considering entering multiple EU jurisdictions identify showstoppers or potential risks or costs in the early stages. It is not legal advice only but assistance with understanding commercial barriers too. We assist young companies in their expansion by advising on certain aspects of capital raising or making business partnerships.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

Business is all about a long-term partnership. Thus, our clients seek a reliable and trustworthy advisor in us capable of assisting them with long term projects. Our goal is to develop COBALT into a sustainable and ever-adapting and evolving organization able to attract talent and provide quality service. As post-pandemic recovery promises to be steep and active, we need to be well resourced (people) and equipped (technology). Our focus now is people. The transformation of the working method and office organization should not be overlooked.