Deals and cases

Deals and cases

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  • 22.08.2019

    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

    The former Sparta factory in Vilnius is planned to be transformed into a technology campus where the Baltic IT businesses will be established. TGS baltic colleagues Julija Skardžiūtė, Indrė Vickaitė-Liatukė, Marius Matonis, and Dainius Stasiulis advised on the transfer of UAB KS Investicija shares and on signing the biggest office space deal in the Baltics with UAB Tesonet.
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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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  • 28.02.2019

    TGS Baltic advised one of the world’s leading producers of scientific lasers Light Conversion

    TGS Baltic advised one of the world’s leading producers of scientific lasers Light Conversion, UAB on the sale of the real estate (a part of the structures previously acquired from AB Dvarčionių keramika, a company undergoing bankruptcy procedures) to a hi-tech company UAB Eksma.

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  • 08.12.2017

    Infrastructure-related SCC arbitration between the Latvian company AS BMGS and AB Klaipėdos nafta regarding the EPC contract

    AB Klaipėdos nafta was responsible for and successfully implemented the challenging project for the construction of the Liquefied Natural Gas Terminal (LNG Terminal). Due to dependence on the sole source of supply of natural gas and risks associated with it, Lithuania needed to develop infrastructure, which would enable alternative supply of natural gas. The LNG Terminal was the most appropriate type of infrastructure, ensuring the opening of the natural gas market and security of supply of natural gas to Lithuania.

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  • 11.07.2017

    TGS Baltic represented Baltcap Infrastructure Fund in a EUR 16 million biomass plant development deal

    TGS Baltic represented BaltCap Infrastructure Fund (BInF) that signed an engineering, procurement and construction (EPC) contract with Axis Technologies for developing a BInF-financed project – a biomass plant in Vilnius, near Gariūnai.

     

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  • 05.06.2017

    TGS Baltic advised Schage Real Estate on selling office building Vytenio 4

    TGS Baltic was the main legal advisor to "Schage Real Estate" on the sale of the office project "Vytenio 4". The transaction included sale of 100% of "Vytenio 4" shares.

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  • 01.03.2017

    TGS Baltic advised a private investor in sale of the shares in UAB Verslama

    TGS Baltic advised a private investor in sale of the shares in UAB Verslama, which develops a new construction project in Vilnius city. Our assistance included drafting and negotiating transaction documents, as well as complete assistance in achieving conditions precedent and closing the transaction.

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  • 06.05.2016

    TGS Baltic advised Micro Matic on acquisition of a land plot and factory buildings in Kaunas

    TGS Baltic advised Micro Matic, which is a worldwide market leader in the supply of keg spears and dispense heads to the brewing industry, on acquisition of a land plot and factory buildings in Kaunas and also financing of the respective transaction.

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  • 25.01.2016

    Large-scale real property consolidation and sale projects in the centre of Vilnius completed successfully

    Two large-scale real property consolidation and sale projects regarding an area of 2 hectares in the centre of Vilnius have been completed successfully with the assistance of law firm TGS Baltic. The first project was successfully finished at the end of 2015 and the second one – in the beginning of 2016.

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  • 14.09.2015

    Sweden's Skandia to open Thule operations centre in Lithuania

    TGS Baltic has advised Skandia, one of the largest Sweden's banking and insurance groups, on the establishing a new operations centre in Vilnius.

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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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  • 01.01.2013

    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.

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  • 01.01.2013

    Advice on Participation in Development of Klaipėda Logistics Centre

    TGS Baltic advised VPA Real Estate in a project to develop one of the largest logistic centres in the Klaipėda State Seaport area. Our work involved negotiations regarding the buying of privately-owned land from VPA Real Estate and the establishment of a partnership for the construction of new roads on the land.

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  • 01.01.2013

    Investment in New Premises at Žalgirio Arena

    TGS Baltic advised Lithuania's largest health club chain, IMPULS LT, on the acquisition and installation of premises at Kaunas Žalgirio arena, the country's largest multi-purpose arena.

  • 01.01.2013

    SEB Bank Rental of New Office Premises

    TGS Baltic acted as legal advisor to SEB bank, Lithuania’slargest commercial bank, on all issues related to the rental of more than 16,000 square metres of office premises.

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  • 01.01.2012

    Pontos Acquisition of Babilonas Shopping Mall

    TGS Baltic advised Estonian subsidiaries of Pontos Group in the acquisition of the biggest shopping centre in Panevėžys, Lithuania (27,000 sq.m.), from the Carpathian Properties S.a.r.l. fund.

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  • 01.01.2012

    Pontos Acquisition of Babilonas Shopping Mall

    TGS Baltic advised Estonian subsidiaries of Pontos Group in the acquisition of the biggest shopping centre in Panevėžys, Lithuania (27,000 sq.

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  • 01.01.2012

    Tax Dispute Regarding VAT Treatment of Land Sale

    TGS Baltic represented the client in a dispute related to a VAT tax claim arising from the sale of land, which was made by the State Tax Inspectorate. The Inspectorate's tax claim amounted to more than 1.9 million euros. The firm achieved the definitive withdrawal of a part of the tax claim equal to 1 million euros and continues to dispute the remaining amount of the claim.