Deals and cases
Browse our deals and cases
Filter information in our deals and cases database
-
01.06.2019
TGS Baltic advised the European Investment Bank (EIB) on the financing of energy efficiency projects
TGS Baltic advised the European Investment Bank (EIB) on the financing of energy efficiency projects through funds Jessica I and Jessica II. The success of the pre-financing scheme employed for the financing of the renovation of multi-apartment buildings showed that the banks may be ready to get involved in the financing of this sector with their own funds.
More -
01.02.2019
TGS Baltic represented Ūkio Bankas against Deloitte Lietuva and Deloitte Touche Tohmatsu Ltd
TGS Baltic's team represented Ūkio Bankas against Deloitte Lietuva and Deloitte Touche Tohmatsu Limited in a claim for of over EUR 100 million for an improperly performed audit.
More -
21.01.2019
TGS Baltic's team successfully defended Bank Snoras
TGS Baltic together with the prominent Austrian law firm Graf & Pitkowitz Rechtsanwälte successfully defended Bank Snoras before the Vienna International Arbitral Centre (VIAC) in a complex declaratory relief claim sought by another major Austrian bank. Arbitration comprised issues of applicable law, AML regulations, back-to-back loan agreements, requirements for financial institutions and difficult jurisdictional issues. After a two-year legal battle, on 21 January 2019, VIAC arbitral tribunal rendered a decision in favor of Snoras, dismissing the declaratory relief sought by the claimant. TGS Baltic was the leading counsel of the arbitration.
-
08.01.2019
TGS Baltic assisted Expobank CZ a.s. with financing the acquisition of the Radisson Blu Daugava Hotel by Astor Group (Latvia) from PBR Hotel (USA)
TGS Baltic assisted Expobank CZ a.s. with financing the acquisition of the shares of SIA POLAR BEK DAUGAVA (now merged into SIA LAMPL which is owned by two private individuals through SIA RHG RIGA), the owner of the Radisson Blu Daugava Hotel.
More -
06.12.2018
TGS Baltic advised Šiaulių Bankas in the admission of a EUR 20 million bond issue to trading on Nasdaq Vilnius
The bonds were admitted to trading on the said regulated market at the beginning of December.
More -
21.08.2018
TGS Baltic advised LitCapital in the acquisition of Audimas’ stake
TGS Baltic Associate Partner Aurimas Pauliukevičius has advised the client on all transaction-related issues from the conclusion of a letter of intent to the successful closing of the acquisition.
More -
24.07.2018
TGS Baltic advised UAB Medicinos bankas in approving the bond programme of up to EUR 10 million and placing the first over EUR 2.2 million emission under the programme
TGS Baltic advised UAB Medicinos bankas in approving the subordinated bond programme of up to EUR 10 million and placing the first over EUR 2.2 million bond emission under the programme. In the beginning of August, the placed bonds must also be admitted to trading on AB Nasdaq Vilnius. UAB FMĮ Orion securities acted as the bank’s intermediary for placement of the issue.
More -
19.07.2018
TGS Baltic advised AviaAM Leasing and its shareholders on delisting the company shares from the trading on the Warsaw Stock Exchange
TGS Baltic advised AB AviaAM Leasing and its certain shareholders on delisting the shares of the company from the trading on the regulated market on the Warsaw Stock Exchange. This is the first case of this kind when the shares of a Lithuanian issuer whose shares are traded on a foreign regulated market are delisted from it.
More -
04.05.2018
Advising EstateGuru in securing its first institutional credit line with Varengold Bank
The firm's banking and finance team led by partner Marko Kairjak advised EstateGuru in signing its first institutional credit line with German-based Varengold Bank AG. EstateGuru, European leading cross-border marketplace for short-term property loans has secured its first institutional credit line to be invested into loans originated in the Baltic market.
More -
02.05.2018
Advising Cryptus in obtaining virtual currency handling authorisations from Estonian Financial Intelligence Unit
The firm's banking and finance team led by partner Marko Kairjak advised Cryptus in obtaining virtual currency handling authorisations from Estonian Financial Intelligence Unit to provide services of exchanging a virtual currency against a fiat currency as well as virtual currency wallet services.
More -
02.04.2018
Advising Eesti Ühistukapital in acquiring 5% ownership in Coop Pank from Inbank
Inbank and Eesti Ühistukapital signed an agreement, as a result of which Eesti Ühistukapital will acquire 5% of Coop Pank's shares from Inbank.
More -
28.02.2018
Advising EstateGuru in funding its largest ever P2P loan and entering the Finnish market
TGS Baltic advised property lender EstateGuru in a cross-border financing transaction where EstateGuru provided a 1,6 MEUR loan to Finnish based printing house Libris Oy for purchasing real estate. With funding the platform’s largest ever loan in the country’s capital, the peer-to-peer platform entered in Finnish market.
More -
05.01.2018
Advising Admiral Markets on a bond issue
The firm's banking and finance team led by partner Marko Kairjak advised online trading provider Admiral Markets on a public bond issue.
More -
08.09.2017
IUVO GROUP obtained credit intermediary authorisation from the Financial Supervision Authority
The firm's banking and finance team led by partner Marko Kairjak advised Bulgarian capital-based rapidly growing crowdfunding platform IUVO, focusing on both consumers and corporate clients, in obtaining credit intermediary authorisation in the Estonian Financial Supervision Authority.
More -
27.07.2017
TGS Baltic represented Lietuvos energija in structuring an innovation fund
TGS Baltic represented Lietuvos energija in structuring the first in the Baltics specialized corporate risk capital fund, also in coordinating all fund establishment related documents with the selected fund manager Contrarian Ventures.
More -
20.06.2017
Advising UPP & CO KAUNO 53 on entering the Nasdaq Baltic First North bond market
The firm’s banking and finance team advised UPP & CO KAUNO 53 OÜ, a company owned by Estonian asset management company United Partners Property, during the process of admittance to trading on Nasdaq Baltic First North market.
More -
07.04.2017
Representing Kemotex Finance on obtaining a licence from the Financial Supervision Authority
The firm’s banking and finance team represented Kemotex Finance in obtaining creditor and mortgage creditor authorisation in the Financial Supervision Authority.
More -
06.06.2016
EIB and Šiaulių bankas renew support for urban renewal in Lithuania
The European Investment Bank (EIB) and Šiaulių bankas have signed two new agreements to support the refurbishment and modernisation of multi-apartment buildings in Lithuania with an additional EUR 110 million under the Jessica II fund, EUR 70 million of which is contributed by Šiaulių bankas.
More -
06.05.2016
TGS Baltic provided legal assistance to SEB bank regarding a long-term syndicated loan
TGS Baltic provided legal assistance to SEB bank Latvia regarding a long-term syndicated loan to Linstow group enterprises.
More -
23.03.2016
Swedbank received permission to take over the retail banking services of Danske Bank in Lithuania and Latvia
The Scandinavian financial group Swedbank has received the green light to take over a part of the Latvian and Lithuanian retail banking businesses and a part of the leasing business in Lithuania of Danske Bank, one of the Northern Europe’s leading financial institutions, after respective competition authorities and financial market authorities in both the countries have cleared the transition.
More