Cobalt, working alongside Clifford Chance, has advised the European Investment Bank, the European Bank for Reconstruction and Development, and SEB on a EUR 85 million financing package for Sunly. Sorainen, working with CMS, advised Sunly.

Cobalt, working together with Freshfields Bruckhaus Deringer, has advised Global Communications Infrastructure on its 50/50 partnership with Tele2 to carve out telecom infrastructure assets and create the first tower company covering all three Baltic countries. Tegos, working with Clifford Chance, advised Tele2.

Ellex has advised Sweden-based Hansas Property Holding on the sale of its Latvian subsidiary Hanzas Park to Twelve.

Ellex has advised Norway-based Orkla Eiendom and Latvia-based Orkla Latvija on Orkla Eiendom 's acquisition of Latvian real estate companies Artilerijas 55 and Miera 22 from Orkla Latvija.

Sorainen has advised Entrum on its EUR 15 million bond issue program, which saw its first tranche raise EUR 2.5 million from investors. 

On 10 June 2025 Latvia completed the transposition of Directive (EU) 2024/1226 by amending three key statutes: the Criminal Law, the Law “On the Procedures for the Coming into Force and Application of the Criminal Law,” and the Law on International and National Sanctions of the Republic of Latvia.

Sorainen has advised Danish Sun Energy on the sale of a large-scale co-located solar and battery energy storage project in Latvia to Sunotec.

Cobalt, working alongside Holland & Knight, has advised Redwire Corporation on its USD 925 million acquisition of Edge Autonomy Intermediate Holdings LLC and its subsidiaries. Richards, Layton & Finger reportedly advised the special committee of the Board of Directors of Redwire. Kirkland & Ellis reportedly advised Edge Autonomy.

Sorainen has advised PurpleGreen Capital on the launch of a new alternative investment fund manager and the establishment of an alternative investment fund headquartered in Latvia, within the EU regulatory framework.

In Latvia, the termination of employment relationships for labor union members is specifically regulated to protect their rights. However, in practice, this regulation creates significant challenges for employers, as labor unions almost always refuse to grant consent for dismissal.

In April 2007, Estonia made global headlines — not for a military conflict or natural disaster, but for one of the first coordinated large-scale cyberattacks against a nation-state. Sparked by the relocation of a Soviet-era war memorial in Tallinn (known as the Bronze Night), the country’s digital infrastructure was flooded with denial-of-service attacks. Government websites, banks, media outlets, and essential services were knocked offline. It was a wake-up call: digital threats could now paralyze a country just as effectively as tanks and missiles. 

Cobalt has advised Eolus on the sale of its greenfield Pienava wind power project to Latvenergo.

Sorainen has advised Activate Capital on its investment in Aerones as part of a USD 62 million round. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo reportedly advised Activate Capital as well.

TGS Baltic has successfully represented LDZ Cargo and its parent company in overturning a EUR 5.7 million fine imposed by the Latvian Competition Council for alleged abuse of dominant position in the rail freight sector.

Cobalt has advised Rigas Udens on its EUR 20 million European Green Bond issuance and admission to trading on the Nasdaq Baltic Bond List with Signet Bank as the bond program arranger and dealer.

A privatization certificate is a dematerialized security issued by the state, which can be used only once as a means of payment for state or municipal property subject to privatization.

Ellex has advised Trodo on a senior debt facility from SEB Latvia to finance a shareholder buyout.

Walless has advised Iron Wolf Capital on the launch of its EUR 100 million early-stage fund.