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Global Guide
Firm Profile


Firm Profile


  • Profile
  • Pärnu mnt 15
  • Tallinn
  • Harjumaa
  • Estonia
  • 10141

Firm profile submitted by COBALT

Chairman: Dr Irmantas Norkus
Managing Partners: Jaanus Mody (Estonia), Dace Silava-Tomsone (Latvia), Lauris Liepa (Latvia), Dr Irmantas Norkus (Lithuania), Darya Zhuk (Belarus)
Number of partners: 32 (Estonia - 13)
Number of lawyers: 182 (Estonia - 58)
Languages: English, Estonian, Finnish, Italian, German, Russian

COBALT is a closely integrated alliance of top-tier law offices across the Baltics and Belarus uniting more than 180 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.

Mergers & Acquisitions:

■ Advising Modern Times Group (MTG), a Swedish digital entertainment company, on the sale of its Baltic subsidiaries to Providence Equity Partners
■ Advising European private equity firm Bridgepoint and Swedish media group Bonnier Holding on sale of Nordic Cinema Group, the largest cinema chain in the Nordic and Baltic countries
Key Clients: Didi Chuxing; BaltCap; Modern Times Group; DAVA Agravis Machinery Holding
Contact: Martin Simovart, Peeter Kutman
Email: [email protected], [email protected]

Banking & Finance:
■ Advising DNB Bank on the creation of Luminor – largest ever transaction in the Baltic banking market
■ Advising Port of Tallinn on IPO. The Port of Tallinn is the biggest port authority in Estonia and in terms of both cargo and passenger traffic the biggest port on the shores of the Baltic Sea
Key Clients: Creathor Venture; OP-Pohjola Group; DNB Bank; Nordea Bank
Kristel Raidla-Talur, Marina Tolmatshova
Email: [email protected], ma[email protected]

EU & Competition:

■ Advising Circle K upon acquisition of the filling stations operated under the trademark of Premium 7. COBALT advised the client during the whole transaction process, including due diligence, negotiations in respect of the terms and conditions of the asset purchase agreement, transaction documents, and submission of the notice of concentration to the Estonian Competition Authority
■ Competition team played a leading role in applying for merger clearance from the European Commission during the creation of Luminor Bank
Key Clients: Ragn-Sells; Forum Cinemas; Luminor Bank
Elo Tamm
Email:[email protected]

Dispute Resolution, Bankruptcy & Restructuring:
■ Successfully advising Nordea and DNB banks regarding default syndicate loan and other claims against Estonian largest dairy producer Tere. The case involved complex parallel proceedings (restructuring, bankruptcy, various other civil, administrative and criminal proceedings). The legal work made it possible for the banks to transfer all of their claims to Tere’s main competitor Maag Grupp
■ Successfully representing a wind power producer Eesti Elekter in a dispute against the Republic of Estonia
 Key Clients: European Commission; ABB; Nordea Bank
Contact: Jaanus Mody
Email:[email protected]

IP & IT & Regulatory:
■ Advising venture capital funds Creathor Venture and MTIP (MedTech Innovation Partners) in financing the Finnish startup Blueprint Genetics. Blueprint Genetics is an internationally successful provider of clinical genetic testing for the diagnosis of inherited diseases. The firm advised clients throughout the transaction, including IP related issues, due diligence and negotiation of transaction documents
■ Advising on ICO of Robot Vera. Robot Vera specialises in mass hiring, and does all the work 10 or more times faster than a human recruiter. Robot Vera is able to recognise the candidate’s emotions in video interviews and also conduct conversations in virtual reality
Key Clients: Alma Media Corporation; Santa Monica Networks; Didi Chuxing
Contact: Pirkko-Liis Harkmaa
Email: [email protected]

Real Estate & Construction:
■ Advising Porto Franco in the development of the biggest shopping centre in Tallinn city centre.
■ Advising Geneba in sale of Baltic real estate portfolio to Laurus. By this transaction, Geneba sold 42 properties in Latvia, Lithuania and Estonia and exited the Baltic real estate market. The most important properties of the sold portfolio were the bank buildings of SEB in the Baltic states, including the head office at Tornimäe in Tallinn
Key Clients: Geneba Properties N.V.; Northern Horizon Capital; Corum
Contact: Aivar Taro
Email:[email protected]

■ Advising newly launched venture capital fund Change Ventures on Estonian law issues with respect to fund formation as well as on their first three investments and tax aspects regarding one of them, Timbeter
■ Advising French real estate fund Corum on acquisition of Prisma shopping centre from EfTEN. COBALT advised the client throughout the transaction, including dealing with taxation-related questions
Key Clients: Baltic Horizon Fund; Change Ventures; MOVE Guides
Contact: Egon Talur
Email:[email protected]

■ Successful representation of Nelja Energia in a complicated dispute with a manufacturer of wind parks regarding settlement of claims deriving from a supply contract of wind turbines in the International Court of Arbitration of the International Chamber of Commerce
■ Participating in a project for the Commission where COBALT analysed transposition of energy efficiency directive to the Estonian legislation. The analysis involved review of specific policies and regulations concerning energy efficiency as well as public procurement
Key Clients: Alexela Group; Nelja Energia etc
Contact: Elo Tamm; Aivar Taro
Email: [email protected]; [email protected]


  • Marijas iela 13 k-2,
  • Riga,
  • Latvia
  • LV-10150
  • Tel +371 6720 1800
  • Fax +371 6720 1801
  • Email : [email protected]
  • Lvovo 25,
  • Vilnius,
  • Lithuania
  • LT-09320
  • Tel +370 5 250 0800
  • Fax +370 5 250 0802
  • Email : [email protected]
  • Pobediteley ave, 100-207,
  • Minsk,
  • Minsk City
  • Belarus
  • 220020
  • Tel +375 2962 45915
  • Email : [email protected]