Deals and cases

TGS Baltic assisted SIA DARDA in selling the land plot in a strategic location in the centre of Riga, the capital of Latvia, to SIA Satekles Business Center 2 for the development of a new office complex.

TGS Baltic assisted SIA DARDA in selling a strategically positioned land plot (total area 3,777 sq.m.) in a central district of Riga, the capital of Latvia, adjacent to the railway station and Rail Baltica infrastructure, to SIA Satekles Business Center 2 (previously Linstow TOBRE, SIA). The transaction value is EUR 1.3 million.

TGS Baltic assisted Enefit Green AS with selling Brocēni pellet mill and cogeneration plant in Latvia to Warmeston OU, the leading Estonian wood pellet producer.

Enefit Green AS has agreed to divest Brocēni pellet mill and biomass CHP plant to Warmeston OU by selling 100% shares of Enefit Green SIA (now Warmeston SIA) and SIA Technological Solutions. Brocēni business includes a pellet mill and a biomass cogeneration plant, both built in 2016.

TGS Baltic assisted Ukraine origin energy project developer with full LDD of two companies

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.

TGS Baltic advised on the transfer of UAB KS Investicija shares and on signing the biggest office space deal in the Baltics with UAB Tesonet

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.

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.

TGS Baltic represents Lithuanian Radio and Television – the country's only national public broadcaster

TGS Baltic is representing the national TV broadcaster in a legal dispute with a software development company for creation and development of the content management system for Video on Demand services that the national broadcaster is providing for free to all its viewers. 

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.

TGS Baltic represents AB Lietuvos geležinkeliai against German insurance company Lampe & Schwartze K. G.

G. Lampe & Schwartze K. G. filed an action for damages and invalidation of transactions, requesting to order the national shipping company, AB Lietuvos jūrų laivininkystė, that provided maritime cargo water transportation services, and AB Lietuvos geležinkeliai to pay damages jointly and severally in accordance with the agreement concluded by and between Lampe & Schwartze K. G. and AB Lietuvos jūrų laivininkystė.

TGS Baltic represents the interests of AB Lietuvos geležinkeliai against AB Kauno tiltai, Trakcja S.A.

TGS Baltic represents the interests of AB Lietuvos geležinkeliai against AB Kauno tiltai, Trakcja S.A. and other claimants.

TGS Baltic represents the respondent AB Klaipėdos nafta in a private enforcement case

TGS Baltic represents the respondent AB Klaipėdos nafta in a private enforcement case regarding compensation of alleged damages amounting to approx. EUR 6 million. 

TGS Baltic constantly advises the Lithuanian branch of Philip Morris

TGS Baltic constantly advises the Lithuanian branch of Philip Morris tobacco company regarding various competition-related matters, such as distribution contracts, pricing policies, relations with clients and suppliers.

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.

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.

TGS Baltic advised LRT (National Broadcaster of Lithuania)

TGS Baltic advised LRT, a national broadcaster on acquisition of new content management system and software for its webpage and media archive, that now is accessible via the internet and other all content broadcasted by two channels LRT and LRT KULTURA as well as other original content. The matter related to the consultations of structuring of the transaction, IP acquisition matters, publishing matters in the internet and other.

TGS Baltic assisted Modern Times Group (MTG) in launching innovative and modern video-on-demand service Viaplay

TGS Baltic assisted MTG in launching innovative and modern video-on-demand service Viaplay. The launch was simultaneous in all the three Baltic States, a lot of coordination and team work was required in order to successfully meet the launch date and address all regulatory issues. It was the first of such type, subscription-based service in Lithuania, therefore a lot of issues had to be handled with regulatory authorities.

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.

LNG Terminal Development – One of Lithuania's Most Significant Energy Projects

TGS Baltic has acted as the principal legal adviser to AB Klaipedos Nafta on a 700-million-euro project to develop a Liquefied Natural Gas (LNG) terminal, marine infrastructure and gas pipeline – Lithuania's largest strategic investment project to date.