Deals and cases
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08.09.2023
TGS Baltic assisted Clean Energy Infrastructure Fund, managed by Modus Asset Management UAB, in acquiring 100% shares of three companies with a portfolio of solar projects with a total capacity of 55 MW in Latvia from the developer SIA Evecon via the special purpose vehicle Clean Energy Investments UAB.
Clean Energy Investments UAB, a special purpose vehicle of a closed-end investment fund, Clean Energy Infrastructure Fund, managed by a Lithuanian renewable energy investment manager, Modus Asset Management, signed an agreement with one of the leading renewable energy developers in the Baltic States, SIA Evecon, to acquire 100% shares of three companies with a portfolio of 10 advanced technology solar park projects in Latvia.
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02.05.2023
TGS Baltic advised Ignitis Group on EUR 225 million multi-option facility agreement with MUFG Bank
The energy company Ignitis Group concludes a financing agreement with the European division of the largest Japanese bank MUFG.
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25.01.2023
TGS Baltic assisted renewable energy company Green Genius to acquire 100 MW solar PV project in Latvia
Renewable energy company Green Genius has acquired 100% shares in Latvian company having 100 MW solar PV project rights covering over 151 ha.
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05.01.2023
TGS Baltic assisted the shareholders of a Latvian solar energy project development company in selling 100% of its shares to the Lithuanian company UAB Ignitis renewables.
On 29 December 2022, the shareholders of a Latvian solar energy project development company signed an agreement on sale of 100% shares of its company to the Lithuanian state-owned company UAB Ignitis renewables.
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07.09.2022
TGS Baltic assisted the shareholders of a Latvian wind and solar energy project development company in the sale of 100% of its shares to the Lithuanian company UAB Ignitis renewables.
On 6 September 2022, the shareholders of a Latvian wind and solar energy project development company signed an agreement on the sale of 100% shares of a Latvian company that is developing a wind and energy project in Latvia to the Lithuanian company UAB Ignitis renewables.
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10.08.2022
TGS Baltic has won a case in Stockholm arbitration: we represented the Vilnius CHP in a dispute with a biomass unit contractor
TGS Baltic has successfully defended interests of its client Vilnius CHP and has won in the arbitration case against Polish boiler maker Rafako – the contractor was admitted to be at fault for delay in the biomass unit construction.
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08.08.2022
TGS Baltic assisted AS Latvenergo in the establishment of the joint venture SIA Latvijas vēja parki along with AS Latvijas valsts meži
TGS Baltic provided legal support to AS Latvenergo in the establishment of the joint venture SIA Latvijas vēja parki alongside AS Latvijas valsts meži. TGS Baltic drafted the shareholder’s agreement in this regard, as well as advised on matters related to competition law issues and management of state-owned commercial companies.
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09.06.2022
TGS Baltic advised a group of companies on acquisition of shares of SIA SELP who owned a wind power project of 138 MW to Taaleri Group and Lords LB Asset Management.
TGS Baltic advised REMG TRADE SIA, EXECUTO SIA and SIA FUTURE FARM in selling 100% shares of SIA SELP, a company who has been established with a view to developing, owning and constructing a wind power project to be located in Talsi municipality, with a total planned connection capacity of 138 MW (one hundred thirty-eight megawatts) to Taaleri Group and Lords LB Asset management.
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20.04.2022
TGS Baltic successfully defended the interests of Klaipėdos nafta before the court of first instance
TGS Baltic team represented the client, one of the largest energy resources logistics companies in the Baltic States, in the court of first instance, proving that the company's shares were legally granted to its employees: the transactions comply with legal regulations and international practice.
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19.12.2021
Advising and representing Elering
Advising and representing Elering, who is in charge of issuing green energy state subsidies, in guaranteeing the green energy subsidies are in conformance with all EU state aid rules.
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05.01.2021
TGS Baltic assisted investment company De Maria Project in acquisition of Energate
TGS Baltic assisted investment company De Maria Project in the acquisition of Energate, a natural gas distribution, sales and network development company in Estonia, from a group of private financial investors led by investment company Capital Mill.
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11.12.2020
TGS Baltic represents Alytaus Šilumos Tinklai and the Alytus City Municipality in the dispute against Litesko
TGS Baltic is advising Alytaus Šilumos Tinklai and the Alytus City Municipality in the ongoing litigation process concerning compensation issues after the takeover of the leased heat and electricity infrastructure back from UAB Litesko in 2019.
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23.11.2020
TGS Baltic successfully advised Klaipėdos nafta regarding the implementation of the second stage of Lithuania’s long-term LNG import solution - state guarantee for acquisition of the Floating Storage and Regasification Unit (FSRU)
We are pleased to have assisted Klaipėdos nafta, the operator of Klaipėda’s Liquified Natural Gas (LNG) Terminal and one of the largest companies of energy resources logistics in the Baltic States, during the second stage of LNG long-term import solution project, which will end with a purchase of a Floating Storage Regasification Unit (FSRU).
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20.09.2019
TGS Baltic advised Klaipėdos Nafta in negotiations on changing financing mechanism for Klaipėda LNG terminal in Lithuania
On the 19th of September, the European Commission (EC) approved the modification of financing mechanism for Klaipėda liquefied natural gas (LNG) terminal in Lithuania.
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22.05.2019
TGS Baltic continuously and extensively assists TV Play Baltics in interactions with regulators
TGS Baltic team is continuously and extensively assisting AS TV Play Baltics (the biggest satellite TV service provider in the Baltic States) in interactions with regulatory authorities (mostly the Lithuanian Radio and Television Commission). The matters include discussions with the authorities on the nature of cross-border satellite TV services and regulation based on the EU legal framework.
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22.05.2019
TGS Baltic assists Bitė Lietuva
TGS Baltic assists Bitė Lietuva in a dispute initiated by a virtual mobile network operator regarding allegedly incorrect application of the EU roaming legislation and calculation of roaming tariffs. The claimant alleges that it overpaid the roaming charges in the amount of approx. EUR 0.4 million.
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21.05.2019
TGS Baltic advises UAB Vilniaus kogeneracinė jėgainė
TGS Baltic advises UAB Vilniaus kogeneracinė jėgainė – a member of Lietuvos energija, UAB group of companies, in the state aid case initiated in the General Court of the European Union where the decision of the European Commission to approve state aid for construction of the cogeneration plant in Vilnius is being disputed.
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20.05.2019
TGS Baltic represents the Vilnius City Municipality
TGS Baltic represents the Vilnius City Municipality and 20 other public entities in one of the first class action cases which are being initiated due to infringement of competition rules.
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20.05.2019
TGS Baltic represents the Ministry of Energy of the Republic of Lithuania
In January 2016, Veolia Environnement S.A. (a company based in France) and other claimants brought a claim against the Republic of Lithuania in the International Centre for Settlement of Investment Disputes (ICSID) in Washington, D. C. This is only the second time when the Republic of Lithuania has been brought to the ICSID as a defendant.
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20.05.2019
TGS Baltic advises on implementation of projects on modernization of the district heating sector in Vilnius and Kaunas
TGS Baltic continues to advise Lietuvos energija, UAB, a group of state-controlled energy companies, which is one of the largest in the Baltic States, on the implementation of the projects of modernization of the district heating sector in Vilnius and Kaunas, which are recognized as economic projects of national significance to the Republic of Lithuania.
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