Deals and cases
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16.06.2021
TGS Baltic advised Kilo Health on EUR 300 000 investment in the startup Revolab
TGS Baltic advised Kilo Health, active in health & wellness global market, on EUR 300 000 investment in Revolab, a Lithuanian startup that has developed a smart blood testing app. The investment will be used for product development in the EU and the US.
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02.06.2021
Associate Partner Chirag Mody successfully represented a client in Tallinn Circuit Court
The Circuit Court accepted his explanation and sent the dispute to the County Court for further resolution.
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31.05.2021
TGS Baltic successfully represented LTG Infra in a litigation case concerning construction delay in the Rail Baltica project
We advised LTG Infra, a subsidiary of Lietuvos Geležinkeliai, the largest railway group in the Baltic States, in a dispute between LTG Infra and the consortium of the German capital Estonian company Leonhard Weiss RTE, Hidrostatyba and Autokausta over a delay in the implementation of EUR 54.8 million contract on railway construction from Kaunas to Palemonas, signed in June 2018.
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28.05.2021
TGS Baltic advised Akropolis Group on EUR 300 million Eurobond issue
We advised Akropolis Group, the leading shopping and entertainment centre development and management company in the Baltic States, on EUR 300 million Eurobond issue.
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20.05.2021
TGS Baltic in cooperation with Vinge assisted Lagercrantz Group (publ) (Sweden) in the acquisition of shares from Libra-Plast (Norway) having group companies in Latvia.
TGS Baltic and Vinge assisted Lagercrantz Group AB (publ) (Norway), a technology group company listed in Stockholm Stock Exchange, in acquiring 75% of the shares in the Norwegian company Libra‑Plast AS (https://www.libra.no/). TGS Baltic ensured all the necessary transactional support with respect to Libra-Plast group companies in Latvia – Libra Plast SIA and Lanos SIA.
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17.05.2021
TGS Baltic provided legal assistance to the European Central Bank on Latvian law matters related to appeals of the orders of the General Court of European Union dismissing as inadmissible actions for annulment of the acts declaring ABLV Bank and its subsidiary, ABLV Bank Luxembourg SA, as failing or likely to fail.
TGS Baltic provided legal assistance to the representatives of the European Central Bank (ECB) on certain Latvian law matters related to rejection of the appeals of ABLV Bank AS and Mr. Ernests Bernis, Mr. Oļegs Fiļs, OF Holding SIA and Cassandra Holding Company SIA requiring setting aside of the orders of the General Court of the European Union of 6 May 2019, ABLV Bank v ECB (Case C‑551/19 P), and the order of 6 May 2019, Bernis and Others v ECB (Case C‑552/19 P), by which the General Court dismissed as inadmissible their actions for annulment of the acts of the ECB of 23 February 2018 by which the ECB declared that ABLV Bank and its subsidiary, ABLV Bank Luxembourg SA, were failing or were likely to fail.
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10.05.2021
We advised FitSphere on raising seed-round investment from various investors
TGS Baltic drafted the relevant transaction documents and advised the client on the whole process from negotiating the shareholders’ agreement with the lead investor to finalising the capital raising.
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10.05.2021
TGS Baltic advised Evernord on the biggest freeze-dried food business in the Baltic States Dehidra’s EUR 4 million bond issue
We are delighted to contribute to the successful placement of the bonds by Evernord, an investment firm based in Vilnius, Lithuania. The initiator of the EUR 4 million bond issue was the biggest freeze-dried food business in the Baltic States and one of the biggest in Northern Europe, Dehidra.
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22.04.2021
TGS Baltic advised founders of Strive, a North America focused technology company, on the sale of Strive Platform shares worth EUR 5,4 million
TGS Baltic team advised founders of Strive, a North America focused technology company, on the sale of Strive Platform shares worth EUR 5,4 million. Strive is backed by TG Lab, international iGaming technology and development company.
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14.04.2021
TGS Baltic advised Evernord Asset Management on establishing a new fund and investing in a real estate object in Riga
It was our pleasure to advise Evernord Real Estate Fund III, a fund managed by Evernord Asset Management, an investment firm based in Vilnius, Lithuania, on the acquisition of a 65% stake in Novira Plaza, a EUR 55 million worth business centre in Riga.
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09.04.2021
TGS Baltic successfully represented the former directors and shareholders of the bankrupt private limited company in a dispute
TGS Baltic team successfully represented the bankrupt private limited company's former directors and shareholders in a dispute following a claim for damages brought by the bankrupt credit union AMBER.
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09.04.2021
Associate Partner Chirag Mody and Senior Associate Silvia Urgas Successfully Represented a Client Active in the Field of Real Estate in Tallinn Circuit Court
By its judgment of 26 March 2021, Tallinn Circuit Court fully denied the reimbursement of costs, loss of profit and contractual penalty claims filed against the client.
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08.04.2021
TGS Baltic successfully represented a New York State company before the Supreme Court of Lithuania
Another outstanding achievement for our client! TGS Baltic team successfully represented a New York State company before the Supreme Court of Lithuania in a landmark decision annulling the arbitral award on public policy ground.
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07.04.2021
TGS Baltic advised the sellers on the sale of ritual services company Ritualas and the biggest funeral home in Lithuania
Our team advised the client on the sale of ritual services company Ritualas and the biggest funeral home in Lithuania to Re Verum group.
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02.04.2021
TGS Baltic represented Hostinger and its shareholders in attracting an international investor which acquired more than 30 % of shares
We advised Lithuania-based Hostinger International, the world’s fastest growing web hosting company, and its shareholders, in attracting international investors.
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01.04.2021
TGS Baltic advised MCI on the sale of the shares of Pigu worth EUR 37 million
We advised one of the most rapidly growing private equity groups in the CEE region MCI Capital on selling its 51% stake in the e-commerce platform Pigu to Mid Europa Partners.
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30.03.2021
TGS Baltic advised Moller Real Estate Baltic AS on selling of Audi and Volkswagen dealership buildings in Vilnius
TGS Baltic represented Norwegian company Moller Real Estate Baltic AS on the sale of Audi and Volkswagen dealership buildings in Vilnius via share deal of 100% of shares in SPV’s. The shares were acquired by the real estate fund UAB Eika Real Estate Fund managed by the management company UAB Eika Asset Management.
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16.03.2021
TGS Baltic advises Maxima Grupė on structuring the Commercial Paper Programme and the EUR 40 million issuance of notes under the programme – the very first transaction under such format in the Baltics
TGS Baltic has successfully advised Maxima Grupė controlling the largest food retail group in the Baltics in structuring the Commercial Paper Programme and the issuance of EUR 40 million of notes under the programme.
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09.03.2021
TGS Baltic successfully represented Agrotechnika, a company of the Republic of Ukraine, in a dispute with a debtor
We successfully represented our client, the company of the Republic of Ukraine Agrotechnika, in a dispute with Grūdoteka (debtor) regarding illegally initiated out-of-court bankruptcy proceedings of the debtor.
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02.03.2021
TGS Baltic Successfully Represented Eesti Post in Estonian Competition Authority’s Proceedings
Law Firm TGS Baltic’s competition practice senior associates Katri Paas-Mohando and Triinu Järviste represented Eesti Post in the Competition Authority’s supervision proceedings, which were based on a complaint submitted by direct marketing company Target Master.
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