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TGS Baltic team represented the client, one of the largest energy resources logistics companies in the Baltic States, in the court of first instance, proving that the company's shares were legally granted to its employees: the transactions comply with legal regulations and international practice.
MoreOur client Green Genius, an international renewable energy company, has signed an agreement to purchase 100% of the shares in the company having rights to develop85 MW wind farm in Lithuania.
MoreTGS Baltic assisted investment company De Maria Project in the acquisition of Energate, a natural gas distribution, sales and network development company in Estonia, from a group of private financial investors led by investment company Capital Mill.
MoreTGS Baltic is advising Alytaus Šilumos Tinklai and the Alytus City Municipality in the ongoing litigation process concerning compensation issues after the takeover of the leased heat and electricity infrastructure back from UAB Litesko in 2019.
MoreWe are pleased to have assisted Klaipėdos nafta, the operator of Klaipėda’s Liquified Natural Gas (LNG) Terminal and one of the largest companies of energy resources logistics in the Baltic States, during the second stage of LNG long-term import solution project, which will end with a purchase of a Floating Storage Regasification Unit (FSRU).
MoreTGS Baltic advised Viada LT in making the issue of bonds for over EUR 1 million. The subscribed bonds are soon to be admitted to trading on the alternative stock exchange First North.
MoreOn the 19th of September, the European Commission (EC) approved the modification of financing mechanism for Klaipėda liquefied natural gas (LNG) terminal in Lithuania.
MoreTGS Baltic team successfully represented one of the largest infrastructure companies in Italy in arbitration proceedings under the Rules of Arbitration of the Vilnius Court of Commercial Arbitration in a dispute with one of Lithuania’s municipalities regarding the breach of a contract and predetermined damages.
MoreTGS Baltic advises UAB Vilniaus kogeneracinė jėgainė – a member of Lietuvos energija, UAB group of companies, in the state aid case initiated in the General Court of the European Union where the decision of the European Commission to approve state aid for construction of the cogeneration plant in Vilnius is being disputed.
MoreTGS Baltic represents the Vilnius City Municipality and 20 other public entities in one of the first class action cases which are being initiated due to infringement of competition rules.
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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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In January 2016, Veolia Environnement S.A. (a company based in France) and other claimants brought a claim against the Republic of Lithuania in the International Centre for Settlement of Investment Disputes (ICSID) in Washington, D. C. This is only the second time when the Republic of Lithuania has been brought to the ICSID as a defendant.
MoreTGS Baltic continues to advise Lietuvos energija, UAB, a group of state-controlled energy companies, which is one of the largest in the Baltic States, on the implementation of the projects of modernization of the district heating sector in Vilnius and Kaunas, which are recognized as economic projects of national significance to the Republic of Lithuania.
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The Vilnius city municipality signed a public-private partnership (PPP) agreement for the modernization of the city’s street lighting. The principal investment was to comprise the replacement of existing street, pedestrian crossing and tunnel light fixtures with new light emitting diodes (LED) and the implementation of a new remote control and adjustment system.
MoreIn 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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EPSO-G is a state-owned holding company for Lithuanian gas TSO (Ambergrid) and electricity TSO (LITGRID). EPSO-G, in accordance with the goals laid down in the National Energy Independence Strategy and in other legal acts, implements strategic tasks of developing the country’s gas and electricity infrastructure, integrating it into EU energy markets, and seeks to implement the goals of the Energy Union.
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TGS Baltic is representing AB Klaipėdos Nafta in a criminal case regarding large-scale dissipation, fraud, bribery, duty abuse and forgery.
MoreTGS Baltic represents the respondent AB Klaipėdos nafta in a private enforcement case regarding compensation of alleged damages amounting to approx. EUR 6 million.
MoreTGS Baltic advised Smart Energy Fund powered by Lietuvos Energija on its investment in Moixa, a UK-based company developing smart energy storage devices and virtual power plant technologies.
MoreThe firm advised Estonian electricity and gas system operator Elering in entering into contracts worth approximately 60 million euros for the construction of the Paldiski compressor station serving the Estonia-Finland Balticconnector gas link and the Puiatu compressor station serving the Estonia-Latvia connection.
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