Deals and cases
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12.09.2023
TGS Baltic advised Värska Originaal, the leading mineral water producer in Estonia, on a buyout of its minority shareholders and refinancing of the company
TGS Baltic acted as a legal adviser to Värska Originaal and its shareholders. Our team advised on negotiating the terms of the transaction in which the client acquired additional shares of Värska Originaal.
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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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09.05.2016
TGS Baltic successfully represented Ūkio Bankas in a dispute against Boslita
TGS Baltic successfully represented bankrupt Ūkio Bankas in a dispute against Boslita and Co, a sparkling wine and wine beverages producer, on the EUR 14.6 m loan recovery.
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29.02.2016
TGS Baltic successfully represented bankrupt Ūkio Bankas in a dispute against Renaissance Insignia Limited
TGS Baltic successfully represented bankrupt Ūkio Bankas in a dispute against Renaissance Insignia Limited, a company registered in the island of Jersey, on recovery of funds by way of non-bankruptcy procedures by concluding a financial collateral agreement in accordance with the Financial Collateral Arrangements Law.
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17.03.2015
Represented BUAB Ranga-IV in a legal dispute against NUKEM Technologies GmbH
TGS Baltic successfully represented BUAB Ranga-IV in a legal dispute against NUKEM Technologies GmbH regarding relationships arising out of the Contract for Construction (FIDIC) of the Temporary Nuclear Fuel Storage (B1) of the Ignalina Nuclear Power Plant.
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26.11.2014
TGS Baltic receives continuing high rankings from IFLR1000 in Baltic countries
IFLR1000 (International Financial Law Review) is the guide of world’s leading financial law firms. The guide analysis and ranks more than 120 jurisdictions in the world.
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28.02.2014
Sale of Assets of Ūkio Bankas
AB Ukio Bankas, one of the major Lithuanian banks, had its activities suspended and was put under administration due to liquidity problems in February 2013.
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01.01.2014
Ūkio Bankas Bankruptcy Administrator Comprehensive Advice
TGS Baltic was appointed to handle all legal issues related to the bankruptcy of AB Ukio Bankas, a major Lithuanian bank that went bankrupt in 2013.
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01.01.2014
SNORAS is selling the former headquarters
TGS Baltic assists insolvent BAB bankas Snoras in selling the former headquarters of Krājbanka at 15 Jāņa Daliņa street, Riga, and historical building in Doma Square at 23 Pils street, Latvia, via auctions organised by Colliers International.
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01.01.2014
Liepājas Metalurgs becomes insolvent
TGS Baltic represents one of the largest non-secured creditors of insolvent AS Liepājas Metalurgs in the insolvency proceedings.
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02.08.2013
TGS Baltic actively works in all major legal processes following the bankruptcies of Ūkio and Snoras banks
Lawyers of TGS Baltic currently work in all major legal processes following the bankruptcies of AB SNORAS and AB Ūkio Bankas.
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07.05.2013
Chambers Europe 2013 top ranks the firm and its 18 “Leading Lawyers”
Chambers Europe, a major European legal directory, gave TGS Baltic the highest rankings in corporate/commercial, employment, competition/antitrust and energy practices in its 2013 edition.
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02.04.2013
Chambers Global 2013 ranks TGS Baltic among leading law firms
Law firm TGS Baltic and its lawyers are ranked in top tiers in Chambers Global’s newest, 2013 edition. The edition analyzes corporate/commercial and dispute resolution practice areas in the Baltics.
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01.04.2013
Transfer of Good Bank from Ūkio bankas to Šiaulių bankas
TGS Baltic advised the Lithuanian state company Deposit and Investment Insurance in connection with the transfer of the assets, rights and liabilities of bankrupt AB Ūkio Bankas to AB Šiaulių Bankas.
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01.01.2013
Deposit-Insurance Disputes with Clients of Bankrupt Bank
TGS Baltic represented Lithuania's State Deposit and Investment Insurance Company, the largest creditor of bankrupt Bankas Snoras, in disputes with Snoras clients regarding insurance benefits. The firm handled 150 civil and administrative disputes representing a claim package of more than 290 million euros.
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01.01.2012
Award of Debt and Damages to IDS Borjomi Beverages
TGS Baltic represented IDS Borjomi Beverages Co. N.V., producer of world-famous Borjomi mineral water, in civil cases for a debt award in the amount of $1.3 million and approximately 2 million euros.
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15.11.2011
TGS Baltic represented AB Snaigė shareholders in transferring shares and bonds to the strategic investor
TGS Baltic represented KJK Fund SICAV-SIF, Amber Trust SCA SICAF-SIF, Firebird Republics Fund, Ltd. and Firebird Avrora Fund, Ltd., the major shareholders of AB Snaigė in the transaction on transfer of shares and bonds in AB Snaigė to the strategic investor Russian company Polair.
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22.09.2011
TGS Baltic advised in the implementation of AB SANITAS share acquisition transaction, one of the major and most successful mandatory takeover bids of recent years
TGS Baltic acted as legal advisors of Valeant Pharmaceuticals International, Inc. in submitting and implementing a mandatory takeover bid to buy up the remaining voting shares in AB SANITAS. In the course of the mandatory takeover bid, the value of the bought-up shares constituting 79.32 per cent of the company’s shares subject to the mandatory takeover bid totalled EUR 19,804,428 (LTL 68,380,729).
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