The independent Legal 500 directory, which is recognised in over 100 countries, has announced the rankings of Lithuanian law firms in 2012, with COBALT top ranked in corporate and M&A, banking and finance, EU and competition, and TMT practice areas.
COBALT is also highly ranked in IP, dispute resolution, tax, and real estate and construction practice areas.
In 2011 COBALT adviced on the largest corporate acquisition transaction in the Baltics – sale of the 87.2% shareholding in a Lithuania-based branded generic pharmaceutical company AB Sanitas to the multinational specialty pharmaceutical company Valeant Pharmaceuticals International, Inc. COBALT also advised the European Bank for Reconstruction and Development (EBRD) and other lenders on a EUR 53 million loan to finance a wood-processing complex in Belarus. The firm constantly provides legal consultations to SEB and Swedbank, two of the region’s largest banks. COBALT is the preferred choice for many international players such as telecoms company Bite, as well as pharmaceuticals giants Bayer Schering Pharma and Merck Sharp & Dohme.
Another international business law directory Who’s Who Legal recommends COBALT managing partner Dr Irmantas Norkus in corporate and M&A practice areas. Partner Žilvinas Kvietkus is recommended in management labour and employment as well as life sciences practice areas. In total the directory recommends 19 professionals in Lithuania.