Deals and cases
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23.09.2015
Swedbank to Acquire Danske Bank’s Personal Banking Business in Lithuania and Latvia
TGS Baltic advised Scandinavian financial group Swedbank on the acquisition of Danske Bank personal banking business in Lithuania and Latvia.
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20.08.2015
TGS Baltic advised on the sale of bank Snoras loan portfolio
TGS Baltic advised collapsed commercial bank Snoras on the conclusion of the agreement with UAB Baltijos kredito sprendimai on the sale of Snoras loan portfolio. The acquisition of the loan portfolio will be financed by an international investor consortium led by private funds registered in Luxembourg and investment bank Deutsche Bank AG.
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26.11.2014
TGS Baltic receives continuing high rankings from IFLR1000 in Baltic countries
IFLR1000 (International Financial Law Review) is the guide of world’s leading financial law firms. The guide analysis and ranks more than 120 jurisdictions in the world.
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17.11.2014
Transaction of transfer of ERGO Life Insurance pension funds of the 2nd pillar successfully closed
TGS Baltic acted as a legal advisor to ERGO Life Insurance SE in structuring and implementation of the transaction of transfer of the 2nd pillar pension funds managed by the company in Lithuania to UAB DNB Investicijų Valdymas.
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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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31.01.2014
Bank Guarantee for LNG Terminal Construction
TGS Baltic acted as a legal advisor to AB Klaipedos Nafta for the procurement of a $50 million first-demand bank guarantee to secure the obligations of Klaipedos Nafta under a Charter Agreement (FSRU lease) linked to the construction of a liquefied natural gas (LNG) terminal in Lithuania.
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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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01.11.2013
Bond Issue by Valeant Pharmaneuticals
TGS Baltic advised Valeant Pharmaceuticals International, Inc. on all legal matters related to the collaterals and securities in Lithuania that were created as per financing from Goldman Sachs Bank USA for the acquisition of Bausch & Lomb Holdings Incorporated. Valeant Pharmaceuticals owns and operates a significant production facility in Lithuania.
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22.10.2013
IFLR1000 2014 top ranks the firm and its 6 “Leading Lawyers”
IFLR1000, the guide to the world’s leading financial law firms, top ranked TGS Baltic and its 6 “Leading lawyers” in its 2014 edition.
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02.08.2013
TGS Baltic actively works in all major legal processes following the bankruptcies of Ūkio and Snoras banks
Lawyers of TGS Baltic currently work in all major legal processes following the bankruptcies of AB SNORAS and AB Ūkio Bankas.
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19.07.2013
Mergermarket M&A report highlights TGS among the leading legal advisers in CEE
TGS Baltic was among top 15 law firms in CEE region in Mergermarket’s H1 2013 M&A Report, issued in July 2013. Law firm advised the deals worth in excess of USD 1 billion and was ranked 12th in the prestigious adviser league table.
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01.07.2013
Loan Agreement with EIB for LNG Terminal
TGS Baltic acted as a legal advisor to AB Klaipedos Nafta in securing an 87 million euro loan from the European Investment Bank to finance 50% of the development costs of a Lithuanian liquefied natural gas (LNG) terminal project. The firm also advised Klaipedos Nafta on obtaining state guarantee to secure its obligations related to the project.
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07.05.2013
Chambers Europe 2013 top ranks the firm and its 18 “Leading Lawyers”
Chambers Europe, a major European legal directory, gave TGS Baltic the highest rankings in corporate/commercial, employment, competition/antitrust and energy practices in its 2013 edition.
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05.05.2013
AB GRIGIŠKĖS completed a LTL 10 million secondary offering of shares
In May 2013 AB GRIGIŠKĖS, with the assistance of TGS Baltic as its legal advisors, has successfully completed the secondary offering of its newly issued shares to the existing shareholders as well as other investors.
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02.04.2013
Chambers Global 2013 ranks TGS Baltic among leading law firms
Law firm TGS Baltic and its lawyers are ranked in top tiers in Chambers Global’s newest, 2013 edition. The edition analyzes corporate/commercial and dispute resolution practice areas in the Baltics.
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01.04.2013
Transfer of Good Bank from Ūkio bankas to Šiaulių bankas
TGS Baltic advised the Lithuanian state company Deposit and Investment Insurance in connection with the transfer of the assets, rights and liabilities of bankrupt AB Ūkio Bankas to AB Šiaulių Bankas.
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01.01.2013
Development of International Shipping Container Distribution Centre
TGS Baltic advised the European Bank for Reconstruction and Development (EBRD) and AB SEB Bank on 65 million euros of financing for the stevedoring company LKAB Klaipedos Smelte for development of an international container centre that is expected to become a major transshipment hub in the eastern Baltic region.
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01.01.2013
State Aid Issues Related to LNG Terminal
TGS Baltic advised AB Klaipedos Nafta regarding potential state aid issues related to the financing of the liquefied natural gas terminal it is developing through state-guaranteed loans, off-take obligations, gas tariffs and others means.
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01.01.2013
Development of Financial Engineering Products (JESSICA)
TGS Baltic advised the European Investment Bank on the development of financial engineering products with a value of 200 million euros aimed at supporting sustainable urban development under the JESSICA (Joint European Support for Sustainable Investment in City Areas) initiative.
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01.01.2013
EBRD and SEB Financing for Klaipedos Smelte Container Centre
TGS Baltic advised the European Bank for Reconstruction and Development and AB SEB bank on 65 million euros of financing for the joint-stock stevedoring company Klaipedos Smelte for development of an international container centre that is expected to become a major transshipment hub in the eastern Baltic region.