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TGS Baltic advised Volito Aviation Services and HSHNordbank AG on the sale of aircraft to Small Planet Airlines, a European leisure carrier.
TGS Baltic advised the European Bank for Reconstructionand Development in arranging large-scale cross-border financing for a borrower in Ukraine.
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.
Tark Grunte Sutkienė represented the insurance company (UK based) TGS Baltic represented UK-based CNA Insurance Company Ltd in legal relations with a carrier suspected to be liable for a loss of cargo (theft of a trailer) and failing to pass the test of “utmost care”.
TGS Baltic provided tax advisory services in relation to permanent establishment for Japan’s largest bank, Bank of Tokyo Mitsubishi.
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.
MoreAlita AB is one of the largest producers of alcohol in Lithuania.
MoreTGS Baltic drafted the first standard operating agreement, under which the European Investment Bank implemented the financial engineering measure JESSICA in Lithuania by extending funds to Lithuanian banks for loans to renovate and modernize residential housing and student dormitories.
MoreTGS advised SEB banka on acquisition of a part of an undertaking containing mortgage loan portfolio from Allied Irish Bank, which was originally issued by the Baltic American Enterprise Fund and assigned to Allied Irish Bank, which winded up its activities in Latvia.
MoreTGS represented and provided transaction support to SEB Wealth Management in the acquisition of the assets of AS Hipo Fondi, a group company of the Mortgage and Land Bank of Latvia, within the scope of restructuring of the bank. The assets transferred included the rights to manage pension funds and investment plans.
TGS Baltic advised on the acquisition of Alita AB, a major producer of alcoholic beverages in Lithuania, by FR&R Invest IGA S.A, an investment subsidiary of Swedbank, which is the second largest foreign-capital bank in Lithuania.
MoreTGS Baltic was the main external legal counsel of ERGO Life Insurance SE in its acquisition of Nordea Life Assurance Finland Ltd.'s Lithuanian life insurance portfolio. Legal services included drafting the transfer agreement, representing the client during negotiations and tax advice.
MoreTGS Baltic advised the European Investment Bank on state aid issues and eligibility to use EU structural funds in the development of financial engineering products for energy efficiency. The projects, with a value of 200 million euros, are aimed at supporting sustainable urban development under the JESSICA initiative (Joint European Support for Sustainable Investment in City Areas).
TGS Baltic counselled the European Investment Bank, responsible for the implementation of the Joint European Support for Sustainable Investment in City Areas (JESSICA) initiative, regarding daily activities of the JESSICA Holding Fund Lithuania.
MoreTGS Baltic successfully represented AB DNB Bankas, Lithuania's third-largest bank and part of Norway‘s largest financial services group, before the Competition Council during an investigation of an alleged illegal agreement. This probe of the activities of all of Lithuania's biggest banks was one of the most significant investigations carried out by the Competition Council in the last few years.
MoreVilius Bernatonis, Dr. Lina Darulienė, Marius Matiukas, Renata Damanskytė
MoreTGS Baltic acted as the legal advisor to the lead manager and offering broker Dom Maklerski IDM S.A. and to the offering advisor Rubicon Partners Corporate Finance S.A. in the public offering of shares in AB Agrowill Group, by offering newly issued shares of the Company to investors in Poland, admitting shares of the Company to trading on the Polish regulated market, i.e. the Warsaw Stock Exchange, also admitting newly issued shares of the Company to trading on AB NASDAQ OMX Vilnius (Vilnius Stock Exchange).
MoreFrom the beginning of January ERGO’s life insurance companies in the Baltic States are operating as one Societas European company - ERGO Life Insurance. The company is registered in Lithuania (Vilnius) and has branches in Latvia and Estonia.
MoreTGS led cross-border Ergo Life Insurance group companies in the Baltics in their cross-border merger of the Latvian and Estonian companies into the Lithuanian company, which was transformed into a European Company (Societas Europea) - ERGO Life Insurance SE.
MoreTGS Baltic advised Barclays bank on the extension of an employee incentive scheme to employees of its Lithuanian subsidiary and related taxation issues.