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 successfully represented Starbucks Corporation in a trademark case, where a local entrepreneur wanted to register a trademark that was confusingly similar to Starbucks Corporation’s trademark. Starbucks Corporation was successful in the County Court as well as the Court of Appeal, the Supreme Court did not accept the claim to the proceeding. Starbucks Corporation, founded in 1971, is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. The company operates 30,000 locations worldwide in over 80 countries...

COBALT advised Change Ventures on investing in a fintech startup askRobin. In addition to Change Ventures, the $1.7 million seed round was backed by VC funds Vereeni Early Stage Fund, BENE Asia Capital, and Lemonade Stand. Also, several tech entrepreneurs from Estonia participated, such as Ragnar Sass, co-founder of Pipedrive, and Taavi Tamkivi, founder of the anti-money laundering platform Salv. Change Ventures is a seed-stage venture capital fund based in the Baltic States, backing ambitious Baltic founders anywhere in the world...