Firm Profile > Cobalt > Vilnius, Lithuania

Cobalt
LVOVO 25
09320 VILNIUS
Lithuania

Lithuania > Banking, finance and capital markets Tier 1

Cobalt, which is ‘a leading law firm in the Baltics’, has a strong track record in major cross-border and domestic deals. It is notably active in corporate finance, capital markets transactions, loan portfolio transactions and regulatory matters. The team’s expertise in cross-border transactions and financings has seen it win work from international clients such as Citibank, Citadel and Swedbank. In 2020, the team advised Baltic bank Lumimor on its landmark €1bn sale to Blackstone, the largest pan-Baltic deal in that particular year. Heading up the team is Akvilė Bosaitė, who is a key name in the market for investment funds, project finance and corporate transactions involving the banking sector. She leads the team with Eva Suduiko, who has a distinct focus on capital markets and project finance work. Elijus Burgis is also recommended.

Practice head(s):

Akvilė Bosaitė; Eva Suduiko

Other key lawyers:

Irmantas Norkus; Elijus Burgis; Aurelija Balčiūnė

Testimonials

‘Excellent knowledge of the subject matter and level of attendance to the client’s needs. ’

‘Eva Suduiko not only took the overall responsibility for the transaction but was there throughout the whole process.. She was always available and responded immediately to any questions. She also took initiatives herself to promptly make us as the client immediately aware of any relevant information or developments having an effect on the transaction and the process. ’

‘Leading law firm in the Baltics. Able to advise on wide range of legal topics, and can outsource part of the work when needed.’

‘Akvile Bosaite has a very good understanding on how to execute the investment process, even when the target company is not as familiar with proper company setup yet. She can also coordinate the DD results with the documentation in terms of which topics are important for the investors to monitor and follow-up either before the investment closing or afterwards.’

Key clients

Luminor

SEB life insurance companies

SEB

Citibank N.A., London Branch

Practica Capital

Change Ventures

EBRD

European Investment Bank

Swedbank

Citadele

JB Nordic Fund I SCSp (Nordic Ninja)

Superhero Venture Fund 2020 Ky

B4Payment GmbH (SEPAexpress)

Parkdema

Nordic Environment Finance Corporation (NEFCO)

Lithuania > Commercial, corporate and M&A Tier 1

Cobalt is one of biggest law firms in The Baltics region and has a sizeable corporate offering, handling major M&A, private equity and venture capital transactions. Managing partner Irmantas Norkus is a key name for cross-border M&A, with expertise in complementary areas such as competition and banking and finance. Elijus Burgis, who leads the corporate transactions team, is distinguished by his strong background in the energy and healthcare sectors. Žilvinas Kvietkus is noted for his expertise in the life sciences and pharmaceutical industries. Juozas Rimas heads up the M&A team, and is also strong in other areas, such as private equity and restructuring.

Practice head(s):

Juozas Rimas; Irmantas Norkus; Elijus Burgis; Žilvinas Kvietkus

Testimonials

‘As far as we have had to work with other law firms, we are most satisfied with COBALT for many reasons. In addition to having great legal knowledge, negotiation skills, and strategic thinking, they stand out for their client-oriented approach, responsiveness, practicality, creativity.’

‘I am happy to cooperate with Elijus Burgis – he always has a calm attitude in stressful situations and constant vision of the bigger picture.’

Key clients

Luminor

Johnson & Johnson

Livonia Partners Fund

EBRD

KJK Sports

Factris

INVL Baltic Sea Growth Fund

Danpower Baltics

Iron Wolf Capital

Moog Inc

STADA Arzneimittel

ATEA

Avitelos prekyba

SUEK

Lithuanian Railways

Lithuania > Dispute resolution Tier 1

Cobalt fields a deep bench of specialists with expertise in disputes involving bankruptcy, procurement and white-collar crime. Shareholder disputes, which are another area of strength, are primarily handled by practice head Rimantas Simaitis. He is supported by bankruptcy specialist Paulius Markovas, procurement expert Deividas Soloveičik and Mindaugas Bliuvas, who focuses on criminal law.  Clients of the firm include major companies operating in the banking, transport and energy sectors.  The firm is frequently sought out to handle mandates with a pan-Baltic flavour, as is illustrated by its work for Latvian clients such as Riga International Airport and AirBaltic. Marius Inta is also recommended.

Practice head(s):

Rimantas Simaitis

Other key lawyers:

Paulius Markovas; Deividas Soloveičik; Mindaugas Bliuvas; Marius Inta

Testimonials

‘The service we have received from Cobalt has been outstanding so far. The advice is always promptly received, strategy has been agreed in advance and the different scenarios and potential outcomes clearly explained. The work put in by Cobalt has also been reflected in terms of the court decisions to date’

‘Marius Inta has been assisting from the outset and he has provided clear succinct advice on complex issues. He explains and summarises the legal considerations clearly, especially given that we are not familiar with Lithuanian law. At the same time, he takes on board and incorporates into the strategy the considerations and realities of the different jurisdictions where the company is incorporated or where its assets are based in (United Kingdom, Isle of Man).’

‘Cobalt has representation across the Baltic region giving it a unique corporate footprint for its clients who have interests in that area’

‘Marius Inta is an impressive advocate, excellent legal analysis and reading of case developments. Very dependable and trustworthy.’

‘Excellent specialists in their field, solves all problems quickly and efficiently’

‘There are many litigation experts, however, we have been working with Cobalt for some time now. What makes them exceptional in this field is that even having advised us for many years, they still have many ideas, they brainstorm, they find solutions and their creativity is admiring.’

‘This group is never short of ideas and is not afraid to realise them, also has excellent experience in the dispute resolution field.’

Key clients

AB Lietuvos geležinkeliai

Veolia

UniCredit lizingas

UAB Merko statyba and Merko Ehitus AS

UAB ATEA Baltic, UAB ATEA, UAB ELSIS

UAB AMIC Lietuva

UAB ARX

European energy AS

Air Baltic Corporation A/S

UAB Pramonės energija

B. Stumpp & S. Baier GmbH

MTZ

Lithuania > Employment Tier 1

The ‘highly professional‘ team at Cobalt leverages the size and scale of the practice to handle the full range of contentious and non-contentious matters for clients. Dalia Foigt-Norvaišienė, who chairs the employment practice, is notably strong in international arbitration cases. She is also skilled in handling day-to-day issues, as well as the employment aspects of corporate transactions. Corporate lawyer Žilvinas Kvietkus has a strong focus on employment and labour law, and has advised on TUPE transfers, immigration and whistleblowing issues. Elsewhere in the team, clients have highlighted ‘amazing‘ senior associate Jovita Valatkaitė for praise.

Practice head(s):

Dalia Foigt-Norvaišienė

Other key lawyers:

Žilvinas Kvietkus; Jovita Valatkaitė

Testimonials

‘Highly professional team, with great attention to detail. Compared to other teams, Cobalt stands out for its high ethical standards, politeness, attention to nuances, diplomacy. Complicated cases are led (supervised) by highly experienced partners.’

‘Lawyers and partners are not only knowledgeable in their particular areas, but also well informed about developments in other areas, and politics, and life in general.’

‘Jovita Valatkaitė is amazing. Client-oriented, truly practical and always on point. She has an ability to understand the needs of her clients to a very deep level in which you feel always being served with the best possible commitment level of service. She is my go-to-person, definitely’

Key clients

Western Union

Wolt Enterprises Oy

R1 RCM (Intermedix)

Wecash

Mambu

Walmark

KONE

Ryanair

Bloomberg

Bayer

CITCO

Yazaki

Ministry of Health of the Republic of Lithuania

Arxan Technologies, Inc

Ruukki Lithuania

Onninen

LIDL Stiftung

Global Blue

DHL

ALD automotive

TNT

AT&T

Amilina (Roquette group)

Fortum

Lithuania > EU and competition Tier 1

Cobalt is particularly highly reputed for merger control and antitrust investigations. Practice head Rasa Zaščiurinskaitė has expertise in heavily regulated sectors such as energy, pharmaceuticals and aviation. She is supported by corporate partners Elijus Burgis and managing partner Irmantus Norkus, whose longstanding experience in M&A extends to merger clearance matters. Telecoms and sport are two other areas of interest.

Practice head(s):

Rasa Zaščiurinskaitė

Other key lawyers:

Elijus Burgis; Irmantus Norkus

Key clients

Air Baltic Corporation

Saint-Gobain

G4S

Estrella Baltics (part of Intersnack Group)

Lietuvos geležinkeliai (Lithuanian Railways)

Riga International Airport

Avitela

KJK Management

ARX (official Skoda importer in Lithuania)

Livonia Partners

Lidl

Media bitės

Lords LB Asset Management

Medipressa

Huqsvarna

Eldes

Infostruktura

Luminor AB

Bayer

Baltcap

Vilniaus energija

BAIP

Lifosa

ORLEN Lithuania

Apax Partners

European Investment Bank

Lithuanian Business Support Agency

Rūta

Apranga

Cgates

Reitan Convenience

Jadrana

Biržų ranga

Consolis

Telecentras

Benu, Tamro (Phoenix group)

Tolimojo keleivinio transporto kompanija

Lithuanian basketball league

AkzoNobel Baltics

Concretus Group

Rokiškio pienas

Senukai/Kesko

Lithuania > Intellectual property Tier 1

Cobalt is distinguished through its strong track record in handling patent litigation and parallel imports disputes in the life sciences sector, with notable clients including Novartis, Merck Sharp and Dohme. Practice head Žilvinas Kvietkus (who specialises in the life sciences sector) has handled cases relating to trade mark and copyright law, among other areas. Senior associate Julija Beldeninovienė is another name to note.

Practice head(s):

Žilvinas Kvietkus

Other key lawyers:

Julija Beldeninovienė

Testimonials

‘The cooperation was very pleasant and effective. ’

‘We have worked with Julija Beldeninovienė. She was swift, responsive and on-point. ’

‘In the short time of our cooperation already much appreciated: The cooperation with our Cobalt lawyers is very fruitful as there is knowledge and room for open discussions at the same time. Furthermore, they are very swift and reliable in dealing with our matters.’

‘The collaboration with Cobalt was genuine pleasure. Cobalt has appropriate teams working in specific areas, thus you know that your question/issue will be dealt by lawyer, who specializes in that area.’

Key clients

Novartis Pharma AG

Amadeus IT Group, S.A

Berlin-Chemie AG

UAB MERCK SHARP & DOHME

Inter IKEA Systems B.V.

DPD Lietuva, UAB

Jemie B.V.

AB Silikatas

Specializuota komplektavimo valdyba, AB

Bayer Cropsience AG

Bayer Intellectual Property GmbH

UAB Vėjo projektai

UAB ALLIANCE RECRUITMENT

Paris Elysees (Parfums de Grasse SL)

UAB ART21

ELON Group AB

Lithuania > Real estate and construction Tier 1

Cobalt has a particularly strong track record advising fund managers and investment firms on real estate transactions and lease agreements. The team frequently assists BaltCap Infrastructure Fund, which is owned by the largest private equity investor in the Baltic region. Simona Oliškevičiūtė-Cicėnienė leads the real estate team. Asset classes of particular strength for the team include commercial, retail and educational properties.

Practice head(s):

Simona Oliškevičiūtė-Cicėnienė

Key clients

Lietuvos geležinkeliai, AB (State enterprise Lithuanian Railways)

Corum Asset Management

BaltCap Infrastructure Fund

Prosperus Asset Management

Orion Asset Management

UAB Vilbra

WESTERN UNION PROCESSING LITHUANIA, UAB

Booking.com

RB RAIL AS

LCN Capital Partners

Lords LB Asset Management, UAB

KS Boulevard C.V.

Evolis, UAB

Inreal, UAB

Merko statyba, UAB, a member of Merko Ehitus Group

LITGRID, AB (electricity transmission system operator)

Invest in Lithuania (public enterprise Investuok Lietuvoje)

Geneba Properties N.V.

Šiauliai Free Economic Zone Management Company

Kėdainiai Free Economic Zone Management Company

Amberwind, UAB

Imlitex Holdings, UAB

LIM Verslo Trikampio NT Fondas, UAB

ATEA Group

Lithuania > Tax Tier 1

Cobalt’s tax team undertakes both contentious and non-contentious work, most notably including areas such as transfer pricing, tax structuring and the tax aspects of M&A transactions. Practice head Rokas Daugėla has extensive experience of cross-border matters and transfer pricing. Disputes are typically handled by senior associate Nerijus Jurkus, who highly experienced in customs issues.

Practice head(s):

Rokas Daugėla

Other key lawyers:

Nerijus Jurkus

Testimonials

‘Good working knowledge of the routines of tax inspectorate.’

‘Rokas Daugėla is very knowledgeable and understanding.’

Key clients

Devbridge

Northern Horizon Capital

Open Circle Capital

Linas Agro Group

Lidl Lietuva

Bennet Distributors

Margūnas

Skonis ir kvapas

G4S Lietuva

NEPI Rockcastle

Lithuania > Fintech Tier 2

Cobalt is a well-established name in Lithuania’s fintech market and most notably has its own Blockchain Task Force, which advises clients through all stages of initial coin offerings. Equally strong advising investors and fintech companies, the team’s workload primarily involves corporate transactions and financings, as well as applications for e-money licences. The team is led by Akvilė Bosaitė and Eva Suduiko, with Bosaitė focusing on licensing matters, while Suduiko handles corporate and banking transactions. Managing partner Irmantas Norkus is also highly active in licensing and transactional matters.

Practice head(s):

Akvilė Bosaitė; Eva Suduiko

Other key lawyers:

Irmantas Norkus

Key clients

B4Payment GmbH (SEPAexpress)

Earthport PLC (bought by VISA)

TeslaPay, UAB

Elcoin, UAB

ValorPay, UAB

Wittix, UAB

KEVIN EU, UAB

Finolita Unio, UAB

Wallter, UAB

Paydoo Payments, UAB

Glocash Payment, UAB

Lithuania > Projects and energy Tier 2

Cobalt has expertise in transactions, joint ventures and public-private partnerships, and counts the Baltcap Infrastructure Fund as a key client. The team’s workload includes rail projects and renewable energy mandates, as well as developments in healthcare and education. Simona Oliškevičiūtė-Cicėnienė, who leads the team, has expertise in real estate and construction.

Practice head(s):

Simona Oliškevičiūtė-Cicėnienė

Key clients

RB Rail AS

Lietuvos geležinkeliai

Invest in Lithuania

Lords LB Asset Management

Höegh LNG

LITGRID, AB

Vilniaus energija, AB

Vėjų spektras, UAB

Vėjo gūsis, UAB

Vėjo vatas, UAB

Amberwind, UAB

European Energy A/S

UAB “Energia futura”

LIM

Lithuania > Shipping and transport Tier 2

Cobalt is the leading firm in the Lithuanian aviation sector, counting AirBaltic and Riga International Airport as clients. The team is also skilled in matters concerning road, rail and sea transport, primarily focusing on cargo-related disputes, vehicle acquisitions and transport infrastructure projects. Practice head Gatis Flinters is an expert in corporate, commercial, financing and restructuring issues. Ģirts Lejiņš handles the dispute resolution side of the practice and is also an expert in financing work. Senior associate Mārtiņš Aljēns is another key name for contentious work.

Practice head(s):

Gatis Flinters

Other key lawyers:

Ģirts Lejiņš; Mārtiņš Aljēns

Key clients

Kuehne + Nagel, UAB

Alpi Baltika, UAB

Lithuanian National Road Carriers Association LINAVA

TOKIO MARINE KILN INSURANCE LIMITED

UAB “BTL Group

Riga International Airport

AB Lietuvos geležinkeliai

Scania CV AB

Lithuania > TMT Tier 2

Cobalt is well regarded for regulatory and data protection work, with its client roster including household names such as Apple, Huawei and Volkswagen. Žilvinas Kvietkus, who leads the practice, has a particular strength in advising pharmaceutical giants on data protection issues and new technologies. Eglė Bakštytė now works in-house at Tesonet.

Practice head(s):

Žilvinas Kvietkus

Key clients

Huawei Technologies (Vilnius), UAB

EngageCraft, Ltd.

Lidl

Association of Innovative Pharmaceutical Industry

BAIP UAB

Johnson & Johnson Poland Sp. z o.o.

JYSK

Ferrero Polska Sp. Z.o.o

Bayer Schering Pharma AG

Novartis

Ipsen Pharma

AstraZeneca AB

Sanofi-Aventis

Herbalife

Lundbeck

Alcon Pharmaceuticals

Merck Sharp & Dohme

Hnit-Baltics UAB

Otsuka

Cgates UAB

JCDecaux Lietuva UAB

Eldes UAB

Minordija UAB

Fleet Complete Lietuva, UAB

Luminor AB

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

Fox Networks Group (UK) Limited.

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

Department Name Email Telephone
M&A AND CORPORATE TRANSACTIONS Dr Irmantas Norkus irmantas.norkus@cobalt.legal +370 687 81323
M&A AND CORPORATE TRANSACTIONS Elijus Burgis elijus.burgis@cobalt.legal +370 687 93933
M&A AND CORPORATE TRANSACTIONS Martin Simovart martin.simovart@cobalt.legal +372 511 2020
M&A AND CORPORATE TRANSACTIONS Guntars Zile guntars.zile@cobalt.legal +371 2942 7809
M&A AND CORPORATE TRANSACTIONS Peeter Kutman peeter.kutman@cobalt.legal +372 502 2426
CORPORATE ADVISORY & EMPLOYMENT Žilvinas Kvietkus zilvinas.kvietkus@cobalt.legal +370 699 54702
CORPORATE ADVISORY & EMPLOYMENT Karina Paatsi karina.paatsi@cobalt.legal +372 514 6405
CORPORATE ADVISORY & EMPLOYMENT Gatis Flinters gatis.flinters@cobalt.legal +371 2655 6592
CORPORATE ADVISORY & EMPLOYMENT Toms Šulmanis toms.sulmanis@cobalt.legal +371 2911 0761
BANKING, FINANCE & CAPITAL MARKETS Marina Kotkas marina.kotkas@cobalt.legal +372 525 3086
BANKING, FINANCE & CAPITAL MARKETS Lauris Liepa lauris.liepa@cobalt.legal +371 2920 6001
BANKING, FINANCE & CAPITAL MARKETS Akvilė Bosaitė akvile.bosaite@cobalt.legal +370 698 06964
BANKING, FINANCE & CAPITAL MARKETS Kristel Raidla - Talur kristel.raidla-talur@cobalt.legal +372 513 6997
BANKING, FINANCE & CAPITAL MARKETS Eva Suduiko eva.suduiko@cobalt.legal +370 610 40646
EU & COMPETITION Elo Tamm elo.tamm@cobalt.legal +372 512 0573
EU & COMPETITION Ugis Zeltins ugis.zeltins@cobalt.legal +371 2632 8671
EU & COMPETITION Rasa Zaščiurinskaitė rasa.zasciurinskaite@cobalt.legal +370 655 38008
IP, IT & DATA PROTECTION Egon Talur egon.talur@cobalt.legal +372 518 8579
IP, IT & DATA PROTECTION Indrikis Liepa indrikis.liepa@cobalt.legal +371 2928 4852
REAL ESTATE, ENERGY & ENVIRONMENT Aivar taro aivar.taro@cobalt.legal +372 528 8508
REAL ESTATE, ENERGY & ENVIRONMENT Dace Silava-Tomsone dace.silava-tomsone@cobalt.legal +371 2947 7302
REAL ESTATE, ENERGY & ENVIRONMENT Simona Oliškevičiūtė-Cicėnienė simona.oliskeviciute@cobalt.legal +370 698 88460
REAL ESTATE, ENERGY & ENVIRONMENT Artūras Kojala arturas.kojala@cobalt.legal +370 659 20404
TAX Sandija Novicka sandija.novicka@cobalt.legal +371 2914 2856
TAX Rokas Daugėla rokas.daugela@cobalt.legal +370 688 84503
DISPUTE RESOLUTION Jaanus Mody jaanus.mody@cobalt.legal +372 501 5407
DISPUTE RESOLUTION Dr Rimantas Simaitis rimantas.simaitis@cobalt.legal +370 652 36366
Photo Name Position Profile
 Julija Beldeninovienė  photo Julija Beldeninovienė Julija Beldeninovienė is a Managing Associate, Attorney-at-Law having over 12 years of…
 Akvilė Bosaitė  photo Akvilė Bosaitė Akvilė Bosaitė is a Partner and Co-Head of the Banking and Finance…
Mr Elijus Burgis  photo Mr 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…
Mr Marius Inta  photo Mr 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…
Dr Juozas Rimas  photo Dr Juozas Rimas Dr Juozas Rimas is a Partner and the Head of the Mergers and…
Dr Rimantas Simaitis  photo Dr Rimantas Simaitis Dr Rimantas Simaitis is Partner and Head of the Dispute Resolution Department.…
Mrs Eva Suduiko  photo Mrs 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 : 39
Number of Lawyers : 181
Lithuanian
English
Latvian
Estonian
Finnish
German
Italian
Russian
GALA (Global Advertising Lawyers Association)
Lex Mundi
World Services Group (WSG)
Ius Laboris
INTA - International Trademark Association
IBA (International Bar Association)
:

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. We demonstrate our position in action. Our activities in 2020:

  • COBALT is a nominee for the Financial Times Innovative Lawyers Europe 2021 awards, shortlisted in the ‘Social Justice’ category for the firm‘s work on two landmark cases in the Constitutional Court regarding the rights and protection of families of same-sex couples in Latvia.

COBALT provided pro bono legal assistance to the Association of LGBT and their friends Mozaīka as amicus curiae in both Constitutional Court’s cases. These were the first cases in the history of the Latvian Constitutional Court where the court convincingly ruled in favour of same-sex couples; moreover, it was declared that same-sex couples and their children shall be considered as families and should therefore enjoy equal protection by the state as families of married heterosexual couples. As a consequence, Saeima (the Parliament) is required to create regulation for the protection of families of same-sex couples by June 2022.

  • COBALT together with the Go Forward Academy launched the COBALT female leaders’ class and granted 3 scholarships to the most motivated and socially active female students to study at the Go Forward Academy. The Academy is a leadership academy for women in Lithuania where future leaders are introduced to inspirational stories, knowledge and ideas to give tools for change in the world of business, science, and culture.
  • In November 2020, COBALT became a signatory to the Latvian Diversity Charter, the first law firm in Latvia to join the initiative. The Diversity Charter is a voluntary declaration striving for respect and inclusion of diversity groups: http://www.thinkdiversity.eu/home/.
  • COBALT Estonia is a long-term partner of the Art Museum of Estonia Foundation. In 2020, we elected to support the exhibition ‘Creating the Self: Emancipating Women in Estonian and Finnish Art.’ The exhibition focused on the changes in women’s self-awareness and social position that started in the 19th century, whichare echoed in the activities of female artists.

COBALT is a closely integrated alliance of top-tier law offices across the Baltics and Belarus 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 Belarus, 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.

Russian desk

Although the business environment and investment activity around Russia always experienced unforeseen turbulences, there is a continuous need for entrepreneurial platforms that foster and safeguard economic interactions between Russia/CIS countries and European Union. As there is a constant demand for high quality and seamless cross-border services for foreign companies doing business in Russia and for Russian companies establishing a presence or expanding into Europe. Through many years of work experience in the region, COBALT is ideally positioned to offer its clients an in-depth knowledge and comprehensive understanding of the subtle differences between legal environments and business culture in Russia and European market. COBALT Russian Desk is the integrated team made up of lawyers who are fluent in Russian and have experience of advising clients in the Eurasian Economic Union (EEU). Our one-stop project management approach and expertise, combined with all the necessary support from the leading Russian law firms, mean that investments and other commercial objectives in either market can be realized as smoothly as possible.


CLIENT: Flavio Perini, Chief Executive Officer, Chairman of the Board, AS Baltika
COMPANY/FIRM: 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
COMPANY/FIRM: 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
COMPANY/FIRM: 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.


CLIENT: N/a
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 [law firm name] 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 and Belarus. Today we are located in four capital cities – Vilnius, Riga, Tallinn and Minsk.  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.