Deals and cases

Deals and cases

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  • 01.07.2019

    TGS Baltic assisted LitCapital and Asgaard to sell shares of Baltik Vairas

    TGS Baltic advised private equity fund LitCapital and Danish investment company Asgaard A/S in selling 100% of shares in Baltic Bicycle Trade, a company controlling Baltik vairas, a bicycle manufacturer in Šiauliai.

     

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  • 28.06.2019

    TGS Baltic advised Usaldusfond BaltCap Infrastructure Fund (BaltCap infrastructure management OU)

    TGS Baltic advised Usaldusfond BaltCap Infrastructure Fund (BaltCap infrastructure management OU) (hereinafter - BaltCap) regarding corporate and commercial issues related to structuring strategy for participation in multiple public and private partnership projects (total CAPEX value approx. EUR 15 mln) involving foreign partners. Assistance of TGS Baltic included drafting all documents for the selection contests and for the cooperation between projects team (SPV as a bidder, foreign partners, contractors and service providers). TGS Baltic represented the cient in all selection procedures of these public and private partnership projects before the awarding entities.

  • 06.06.2019

    TGS Baltic advised KŪB Koinvesticinis Fondas on investment in artificial intelligence start-up Attention Insight

    TGS Baltic advised KŪB Koinvesticinis Fondas which together with the Lithuanian Business Angel Network (LitBAN) and venture capital fund Open Circle Capital invested EUR 200,000 in the artificial intelligence start-up Attention Insight, the developer of a product intended for the mass media.

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  • 20.05.2019

    Transfer of Vilnius City heating infrastructure

    In 2002, AB Vilniaus Šilumos Tinklai leased the heat and electricity production infrastructure of Vilnius City to UAB Vilniaus Energija for a period of 15 years. The leased infrastructure consisted of several power plants and all supporting infrastructure.

     

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  • 20.05.2019

    TGS Baltic represents the clients in the ongoing dispute against UAB Litesko

    In 2001, the Alytus City Municipality and company controlled by it UAB Alytaus šilumos tinklai leased the heat production infrastructure of Alytus city to UAB Litesko for a period of 15 years and assigned the heat and hot water supply activity in the respective territory to the lessee. In 2005, the parties agreed to extend the lease agreements for ten years, i.e. for the period until 2026. In 2007, the parties agreed on additional investments into a biofuel plant.

     

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  • 20.05.2019

    TGS Baltic advises EPSO-G on main corporate governance matters

    EPSO-G is a state-owned holding company for Lithuanian gas TSO (Ambergrid) and electricity TSO (LITGRID). EPSO-G, in accordance with the goals laid down in the National Energy Independence Strategy and in other legal acts, implements strategic tasks of developing the country’s gas and electricity infrastructure, integrating it into EU energy markets, and seeks to implement the goals of the Energy Union. 

     

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  • 15.05.2019

    TGS Baltic advised VPA Logistics

    TGS Baltic advised the client on the matters related to employees’ representation system after a branch of the industrial trade union was established in the company. Our advice included the provision of a proposal on how to help the staff of the company to decide on the representation model (establishment of the work council v. trade union). 

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  • 15.05.2019

    Advising and representing a client and its CEO and 50% shareholder in a number of civil cases

    TGS Baltic is advising and representing a client as well as its CEO and 50% shareholder in a number of civil cases initiated by the other 50% shareholder. They include a case regarding unfair competition and protection of the company’s confidential information, a case regarding the buy-out of shares, a case for damages, a case for examination of the company’s activities, etc.

  • 30.04.2019

    Advising Chaga on investment round on the Funderbeam platform

    TGS Baltic's team, led by partner Kadri Kallas, advised Chaga, an Estonian producer of organic food supplements, on its investment round on Funderbeam, a funding and trading platform which enables small investors to buy and sell equity stakes in private companies.

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  • 10.04.2019

    Advising Ares Management regarding USD 120 million financing agreement with Teligent

    TGS Baltic's team, led by Partner Sander Kärson, advised Ares Management, a global alternative asset manager, on Estonian law matters for a USD 120 million financing agreement with Teligent, Inc., a U.S. Nasdaq-listed specialty generic pharmaceutical company active in the United States, Canada and Estonia.

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  • 14.02.2019

    TGS Baltic advised UAB XXT, controlled by UAB M.M.M. projektai

    TGS Baltic advised UAB XXT, controlled by UAB M.M.M. projektai, on selling the S7 office complex to Eastnine, a Swedish investment company. The transaction is a record transaction in the office real estate segment in the Baltic States and by far the largest acquisition of commercial real estate in recent years.

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  • 07.02.2019

    Advising Proplastik on selling its business to Vink Group

    TGS Baltic’s cross-border M&A team led by partner Sander Kärson advised the owners of Proplastik in Estonia, Latvia and Lithuania in selling their business to Europe's largest plastic wholesaler Vink Group.

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  • 01.01.2019

    TGS Baltic is a key legal advisor for Lithuanian subsidiary of GlaxoSmithKline

    TGS Baltic is a key legal advisor for Lithuanian subsidiary of GlaxoSmithKline, a science-led global healthcare company. We advised Client on a Pan-Baltic level in a project related to development of internal public procurement policies, ebracing the best practices for various corporate and public procurement issues, including but not limited to protection of confidencial information, fair competition and proper participation in tender produres and etc. These policies reflected boath national regulation and case law, as well as the case law of the European Court of Justice and provisions of the EU public procurement directives.

  • 04.11.2018

    TGS Baltic has advised Lithuanian Airports

    Government of Lithuania has started a reform of state enterprise due to which Lithuanian Airports is undergoing a transformation of the legal form of state enterprise to public limited liability company. Reform was started under recommendations of OECD. TGS Baltic has advised Lithuanian Airports on all legal issues related to the transformation.

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  • 04.10.2018

    Advising Posti on Estonian law aspects during the acquisition of Transval

    TGS Baltic’s M&A team led by partner Kadri Kallas advised Posti, the leading postal and logistics service company in Finland, on Estonian contract law and employment law aspects regarding acquiring the in-house logistics company Suomen Transval Group. The transaction is subject to the approval of the Finnish Competition and Consumer Authority.

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  • 02.09.2018

    TGS Baltic has advised AB Novaturas

    TGS Baltic has advised AB Novaturas and its shareholders in restructuring the corporate governance structure of the company (e.g. creating Supervisory Council, Audit, Nomination and Remuneration Committees, concluding the necessary internal rules and procedures, related to securities regulations, etc.) in order to create the corporate governance regime as of the listed company. 

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  • 15.07.2018

    TGS Baltic has advised MAXIMA GRUPĖ in restructuring the corporate governance structure

    TGS Baltic has advised MAXIMA GRUPĖ, UAB in restructuring the corporate governance structure of the company (e.g. creating the needed internal committees and other bodies, concluding the necessary internal rules and procedures, related to securities regulations, etc.) in order to create the corporate governance regime as of the listed company and provided other assistance in connection therewith, when the company was in the process of preparation of the public offering of notes and admission thereof to trading on the regulated markets Dublin Stock Exchange (Euronext Dublin) and AB Nasdaq Vilnius, which is currently been executed with the assistance of TGS Baltic as well.

  • 06.05.2018

    TGS Baltic advised VĮ Kelių priežiūra, a state enterprise maintaining roads in the whole of Lithuania

    The Government of Lithuania started a reform of state enterprise due to which the legal form of VĮ Kelių priežiūra, a state enterprise maintaining roads in the whole of Lithuania, as well as performing road construction works, was changed from state enterprise (VĮ) into public limited liability company (AB).

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  • 04.03.2018

    TGS Baltic advised VIKONDA Group, one of the biggest business groups in Lithuania

    TGS Baltic advised VIKONDA Group (VIKONDA Concern), one of the biggest business groups in Lithuania with significant interests in food, trade, crop, media industries, construction, and other services, with a consolidated annual turnover of approximately EUR 145 million, on a complex holding restructuring.

     

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  • 25.02.2018

    TGS Baltic advised Amber Grid, regarding commercial and public procurement law issues

    TGS Baltic advised Amber Grid, AB regarding commercial and public procurement law issues regarding one of the key public procurements (steel pipes) of the GIPL project, including drafting clarifications of the tender documents and the purchase contract, evaluation of the applications and documents submitted by participants from various jurisdictions and tenders of the participants, drafting decisions of the contracting authority.

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