Department profile
COBALT

Banking & Finance

Europe Guide 2026 : Estonia


COBALT

Rankings

About

Provided by COBALT

Our banking & finance advises on a large range of financing and capital market transactions, complex financing techniques, and financial regulatory and compliance matters. Our clients include local and international financial institutions, government agencies, international organisations, investment funds, private and listed companies raising equity and debt financing, and the most promising FinTech players in the region.

We have a significantly larger banking & finance team than most other local firms, which allows us to offer our clients unparalleled expertise, experience, and resources to efficiently resolve any issue and complete any project, regardless of its size or complexity.

Recent work highlights:

  • Marking a landmark transaction in the Baltic energy market, Baltic Storage Platform has secured EUR 85.6 million in financing for two battery energy storage system (BESS) projects in Estonia.
  • Advising European Investment Bank, AS SEB Pank and Luminor Bank AS as lenders in connection with providing major facility to Sunly AS’s subsidiary, Metsapäike Risti AS, for financing the development of the largest photovoltaic-production (PV) site in the Baltics.
  • COBALT advised AS LHV Pank in matters related to international sanctions, including administrative proceedings, misdemeanor proceedings, and a legal dispute with the Financial Intelligence Unit (RAB).

Chambers Review

Provided by Chambers

Banking & Finance - Estonia

Band 1

Band 1


What the Team is Known For

COBALT has a first-rate banking and finance team advising on some of the largest transactions in Estonia and the Baltic market, including capital markets mandates. The law firm handles major financings and refinancings, including cross-border syndicated lending. The team regularly acts for leading banks and investment funds on acquisition and project finance deals. Its lawyers also advise lenders and startups on seed funding rounds. The law firm's transactional prowess is complemented by its regulatory expertise, assisting financial institutions with the full gamut of compliance topics and crypto issues.

Work Highlights

Provided by Chambers

  • COBALT advised European Investment Bank, AS SEB Pank and Luminor Bank AS as lenders in connection with providing a facility to Sunly’s subsidiary, Metsapäike Risti, for financing the development of a 244MW solar park in Western Estonia.

Strengths

Provided by Chambers

  • All the partners at COBALT are super hands-on. They review everything and ensure nothing is missed. In my opinion, they are probably the best banking team in Estonia.

    Banking & Finance respondentEurope
  • COBALT demonstrates a solid ability to work out solutions under time pressure.

    Banking & Finance respondentEurope
  • The experience working with them is just fantastic. They are clear in their advice and really straight to the point.

    Banking & Finance respondentEurope

Notable Practitioners

Provided by Chambers

  • Band 1Marina Kotkas
    Band 1Marina Kotkas

    Marina Kotkas

    Marina Kotkas is noted for her handling of financing transactions, including capital markets deals. She is well-versed in acquisition and project finance mandates, often representing large international banks.

  • Band 3Kristel Raidla-Talur
    Band 3Kristel Raidla-Talur

    Kristel Raidla-Talur

    Kristel Raidla-Talur enjoys particular expertise advising early-stage investment and venture capital funds, as well as startups, on fund-raising matters. She frequently acts on transactions in the technology and fintech sectors and is noted for her regulatory knowledge.
  • Band 3Monika Koolmeister
    Band 3Monika Koolmeister

    Monika Koolmeister

    Monika Koolmeister is highly regarded for her extensive experience in financial regulatory matters. She advises banks and financial institutions on AML and KYC issues, as well as CFT and sanctions mandates.

    • Monika is straightforward and well versed in the subject matter.

      Banking & Finance respondentEurope
    • Monika is really approachable and diligent.

      Banking & Finance respondentEurope

Ranked Individuals at COBALT (3)

Estonia

Members

Provided by COBALT

COBALT has rankings in the following guides

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