COBALT

Does the State plan to keep special support measures in the field of taxation for taxpayers after the end of emergency situation? Yes, on 10 June 2020 the Law on Overcoming the Consequences of the Spread of Covid-19 Infection came into force, by which, inter alia, the following measures are maintained. in accordance with the Regulation of the Cabinet of Ministers tax payers can ask to defer or split into installments accrued and current tax payments for a period up to 3 years, without paying late payment interest. Taxpayers must submit a respective application within 15 days from the due tax payment term...

In March, the Estonian Government decided to implement first steps to help the employers in order to avoid lay-offs and introduced also few other reliefs to support the companies. Below you can find summaries of these measures. Relief measures for employers Compensation of salary The Estonian Government approved the relief measures for the employees subject to salary cut...

COBALT is proud to have been part of one of the largest renewable energy financing transactions in Estonia. Together with Watson Farley & Williams (Germany), COBALT financing and real estate teams acted for NORD/LB, one of Germany’s leading commercial banks and Swedbank Estonia, the largest bank in Estonia, in connection with providing an 87 MEUR financing to Aidu Wind Park OÜ for development of 67.5 megawatts (MW) of the 75 MW Aidu wind farm in Estonia. The carbon-free electricity generated by the wind farm can meet the energy needs of more than 40,000 households...

The Netrisk Group and Bauer Media Group combined their Online Comparison Platform (OCP) businesses in Central and Eastern Europe (CEE). This merger marks the creation of a leading OCP business across six countries in the CEE region, operating together as the Netrisk Group.The expanded Netrisk Group will serve a larger and growing market for price comparison services with strong brands and leadership positions across Poland, Austria, Hungary, Czech, Slovakia and Lithuania.The transaction has received all required regulatory approvals, establishing Bauer Media Group as a significant strategic partner to the Netrisk Group, with a substantial non-majority stake in the overall business...