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...

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...

COBALT advises AS PRFoods in selling its Swedish business to Vattudalens Fisk AB. The shares of Vattudalens Fisk AB, the acquirer of Överumans Fisk AB, are owned by Svaholmen AS, which is part of Norwegian group Egersund Group AS. The transaction includes the sale of 100% of the shares of Överumans Fisk AB, a Swedish subsidiary owned by Saaremere Kala AS. Överumans Fisk´s field of activity is rainbow trout breeding in Sweden. PRFoods is a leading fish and fish products manufacturer and wholesaler, which is listed on the Tallinn Stock Exchange and operates in Estonia, the Nordics, and Scotland...