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Alise Eljašāne, Senior Lawyer, and Jekaterina Anohina, Lawyer, of TGS Baltic rendered legal assistance in the procedure of introduction of Financial Instrument Market Directive 2014/65/EU (MiFID II) in the operations of Expobank AS. The purpose of the new regulation of MiFID II in the investment service area is to facilitate the protection of investor’s interests considering the development in the field of financial instrument trading, e.g., completely new type of market participants are introduced, technologies develop. Likewise, the purpose of MiFID II is to ensure the transparency of the financial market by envisaging new obligation of the market participants to publish data and provide reports on the transactions with financial instruments.
TGS Baltic has successfully represented Estonia's Hiiu County Government in administrative court in three disputes regarding spatial plans providing general conditions for establishing offshore wind farms. Hiiumaa offshore windfarm will be the first of its kind in Estonia and one of the largest in Europe with a capacity between 700 to 1100 MW, expected annual turnover of 170-250 MEUR and investments ten times as much.
TGS Baltic represented Aircastle Limited and Aero Capital Solutions Inc. respectively in sale and leveraged purchase of two aircraft registered in Lithuania and leased to an air carrier operating in Lithuania.
TGS Baltic represented UAB Nordic Food Republic (NFR) in conclusion of a restaurant lease agreement with UAB Blendas, which is the owner of the hotel Pacai expected to be opened next year. Design Hotels will establish the first hotel in the Baltic States, located in the historic mansion of the Pacai family built in baroque style, where NFR will start a gourmet restaurant, a bistro and a bar.
The TGS Baltic team represented Fonterra, a global dairy company from New Zealand, in acquiring 10% of shares in Rokiškio sūris for EUR 7.1 million and becoming a strategic investor.
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