Deals and cases

Deals and cases

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  • 16.05.2024

    The Latvian national airline airBaltic issues 340 million 5.25-year secured euro bonds

    TGS Baltic advised joint global coordinators BNP Paribas, Citi, and J.P. Morgan, joint bookrunners Morgan Stanley and SEB, and co-managers LHV and Signet Bank on the issue by the Latvian national airline airBaltic of 340 million 5.25-year secured euro bonds to be listed on Euronext Dublin stock exchange. This is the largest corporate bond issue originating from Latvia.

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  • 05.09.2023

    TGS Baltic assited Baltisches Haus in creating a long-term cooperation with Ignitis Group

    Ignitis and Baltisches Haus have entered into a strategic partnership agreement to completely overhaul electric vehicles (EV) charging infrastructure in Baltisches Haus real property portfolio.

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  • 31.05.2023

    TGS Baltic senior associates Martti Peetsalu and Maris Vutt represented Jetoil AS in court.

    The dispute revolved around the performance of fuel quality control and the courts agreed that the fuel supplied by Jetoil met the quality requirements.

    The court case demonstrates that the validity of special agreements between parties largely depends on the area of activity in which they operate. In the transport sector, it is permissible for parties to agree on shorter notice periods for raising claims to ensure the normal functioning of the sector.

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  • 06.04.2023

    Court dismissed the claim of Saaremaa Laevakompanii and Väinamere Liinid against Port of Tallinn subsidiaries

    On 31 March 2023, Harju County Court dismissed the claim submitted by the bankruptcy administrator of AS Saaremaa Laevakompanii (SLK) (bankrupt) and Väinamere Liinid OÜ against the subsidiaries of Port of Tallinn.

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  • 02.02.2023

    TGS Baltic assists Moller Mobility group with the construction of a new Audi centre at Ulmaņa 115, Riga

    TGS Baltic assists with constructing a new Audi centre at Ulmaņa 115, Riga. Due to the difficult external conditions, the previous contractor could not overcome, the project had to search for a new contractor and replace the previous one.

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  • 01.04.2022

    TGS Baltic has successfully defended interests of a group of employees against Ryanair in the court of first instance

    10 former employees of Ryanair were unlawfully dismissed. The employer, in the course of transfer of a part of the business, did not offer the employees the same employment conditions with the new employer (the business assignee), but decided to dismiss employees due to excessive work functions. Employees, as flight attendants, were not given extended annual leave while working for Ryanair, either.

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  • 06.01.2022

    TGS Baltic assisted OptiGroup with its acquisition by FSN Capital.

    On 18 December 2021, FSN Capital VI signed an agreement to acquire OptiGroup and the Dutch company Hygas to create a European Group in the business-to-business distribution industry. FSN Capital VI will be the leading shareholder in the combined Group, and OptiGroup’s current shareholders, Altor Fund II, Triton II Fund and RoosGruppen AB will remain as minority owners. The transaction is expected to be finalised in the first quarter of 2022 subject to customary statutory approvals. The parties have agreed not to disclose the details of the transaction.

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  • 26.11.2021

    TGS Baltic assisted Green Gateway Fund L.P. / Wermuth Asset Management GmbH with its exit from the producer of concrete floors and foundations for industrial objects Primekss group in which the fund had made a capital investment and provided financing in 2014.

    TGS Baltic assisted Green Gateway Fund L.P. / Wermuth Asset Management GmbH with exit from Primekss Group, the producer of concrete floors for buildings, logistics centres, shopping malls, DIY stores and foundations of buildings, in which the fund had made a capital investment and provided financing in the amount of EUR 10 million in 2014. 

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  • 01.07.2021

    TGS Baltic's senior associates Martti Peetsalu and Silvia Urgas scored an important victory for the Estonian pharmaceutical company AS KEVELT in the Supreme Court.

    On 16 June 2021, the Supreme Court ruled in favour of AS KEVELT, a customer of TGS Baltic, holding that a consignor of temperature-sensitive goods such as medicines may assume that the carrier of the goods has a proper action plan for refrigeration equipment failure.

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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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  • 04.02.2021

    TGS Baltic assisted with the merger of modern and functional warehousing and logistics park SIA Olaines Logistics Parks into the holding company SIA Olaines Logistics.

    TGS Baltic assisted with the merger of a modern and functional warehousing and logistics park SIA Olaines Logistics Parks into the holding company SIA Olaines Logistics owned by United Partners Property OÜ via UPP Olaines OÜ.

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  • 02.02.2021

    TGS Baltic assisted with the cross-border merger of Balti Realiseerimiskeskus and BR Merger into BRC.

    TGS Baltic assisted with the cross-border merger of Balti Realiseerimiskeskus OÜ and BR Merger OÜ into SIA BRC.

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  • 14.12.2020

    TGS Baltic successfully advised LTG Infra, a company of the Lithuanian Railways Group

    We represented LTG Infra, a subsidiary of the largest railways group Lietuvos Geležinkeliai (Lithuanian Railways) in the Baltic States, in a construction dispute regarding compensation of damages allegedly incurred by one the client’s contractors.

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  • 07.12.2020

    TGS Baltic successfully represented Lithuanian shipping company against two Dutch sister companies

    TGS Baltic together with Dutch law firm NautaDutilh successfully represented Lithuanian shipping company in complex and high value contractual disputes against two Dutch sister companies in parallel proceedings administered by UNUM Transport Arbitration & Mediation Institute in the Netherlands and Vilnius Court of Commercial Arbitration in Lithuania.

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  • 19.11.2020

    TGS Baltic successfully represented VĮ Lietuvos oro uostai

    TGS Baltic successfully represented VĮ Lietuvos oro uostai in a dispute with Active Construction Management BUAB (former UAB Irdaiva) over major repairs carried out in Vilnius Airport.

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  • 05.07.2020

    TGS Baltic have successfully defended interests of Lietuvos geležinkeliai in a case of almost EUR 0.8 million

    TGS Baltic represented Lietuvos geležinkeliai and won in civil proceedings against  German insurance company Lampe & Schwartze. The German company claimed to award of almost EUR 0.8 million for preservation of a cargo ship “Venta” from its former owner Lietuvos jūrų laivininkystė (LJL). As a cargo ship was pledged to Lietuvos geležinkeliai, after LJL filed for bankruptcy, the German company claimed payment of the debt from Lietuvos geležinkeliai.

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  • 14.04.2020

    TGS Baltic provides support in the transaction for the supply of surgical face masks from the People's Republic of China

    On 9 April 2020, a flight with the first cargo delivering one million surgical face masks arrived in Latvia. A total of 2 million surgical masks will be delivered to Latvia. 

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  • 10.03.2020

    TGS Baltic assisted Rabobank in relation to a financing transaction in Latvia

    TGS Baltic advised Coöperatieve Rabobank U.A. in relation to a financing transaction and creation of appropriate security in Latvia.  The financing was provided to a Latvian company engaged in fishing -  SIA Batterfiša with Dutch origin, for the purposes of refinancing existing liabilities and working capital needs.

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  • 28.06.2019

    TGS Baltic advises Amber Grid

    TGS Baltic is advising Amber Grid AB (the client) regarding commercial and public procurement law issues for one of the key public procurements (steel pipes) of the GIPL project, including the evaluation of participants' applications and tenders and the drafting of related documents.

     

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  • 22.05.2019

    TGS Baltic advised Hotsplots GmbH

    During the last year TGS became a trusted advisor to Hotsplots GmbH, Germany-based provider of professional Wi-Fi solutions for customers in the whole Europe. Hotsplots seeks to expand their activities in the Baltic region, so they relied on TGS regulatory and data protection advice. TGS was also contracted to provide semi-annual updates on regulatory developments in the electronic communications sector.