Deals and cases

Deals and cases

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  • 01.01.2013

    Sale of Aircraft

    TGS Baltic advised Volito Aviation Services and HSHNordbank AG on the sale of aircraft to Small Planet Airlines, a European leisure carrier.

  • 01.01.2013

    Cross-Border EBRD Financing Project

    TGS Baltic advised the European Bank for Reconstructionand Development in arranging large-scale cross-border financing for a borrower in Ukraine.

  • 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.

  • 01.01.2013

    CNA Insurance Company Representation

    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”.

  • 01.01.2013

    Tax Advice for Bank of Tokyo Mitsubishi, Japan’s Largest Bank

    TGS Baltic provided tax advisory services in relation to permanent establishment for Japan’s largest bank, Bank of Tokyo Mitsubishi.

  • 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

    Change of Control at One of Lithuania's Largest Alcohol Producers

    Alita AB is one of the largest producers of alcohol in Lithuania.

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  • 01.01.2012

    Implementation of EU's JESSICA Financial Engineering Tool in Lithuania

    TGS 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.

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  • 01.01.2012

    SEB banka acquires loan portfolio from Allied Irish Bank

    TGS 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.

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  • 01.01.2012

    SEB Wealth Management acquires the rights to manage pension funds and investment plans

    TGS 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.

  • 01.01.2012

    Acquisition of Alita Group by Swedbank Subsidiary

    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.

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  • 01.01.2012

    ERGO Acquisition of Lithuanian Life Insurance Portfolio from Nordea

    TGS 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.

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  • 01.01.2012

    Advice to EIB on State Aid and EU Structural Funds

    TGS 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).

  • 01.01.2012

    Implementation of EU's JESSICA Financial Engineering Tool in Lithuania

    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.

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  • 01.01.2012

    Bank Representation in Cartel Investigation

    TGS 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.

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  • 07.09.2011

    TGS Baltic advised in the acquisition of the Alita Group

    Vilius Bernatonis, Dr. Lina Darulienė, Marius Matiukas, Renata Damanskytė

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  • 15.07.2011

    TGS Baltic advised in successful completion of the first admission of a Lithuanian company shares to the Lithuanian and foreign regulated markets

    TGS 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).

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  • 12.01.2011

    TGS Baltic advised ERGO's life insurance companies cross-border merger in the Baltics

    From 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.

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  • 01.01.2011

    ERGO Life Insurance SE created by cross-border merger of Ergo Life Insurance group companies in the Baltics

    TGS 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.

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  • 01.01.2010

    Barclays Lithuania Advisory Services

    TGS Baltic advised Barclays bank on the extension of an employee incentive scheme to employees of its Lithuanian subsidiary and related taxation issues.