Deals and cases

Deals and cases

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  • 01.01.2013

    Ventus-Nafta Dispute Against Gelvybė

    TGS Baltic represented a subsidiary of PKN ORLEN in a rare business case, in which the client, the new franchise owner of the filling station network Ventus-Nafta, was accused of causing trademark damage to a franchisee by introducing the new Orlen trademarks in the market after acquiring the franchise.

  • 01.01.2013

    Defence of Naujoji Energija Wind Farm Construction Legitimacy

    TGS Baltic successfully represented UAB Naujoji Energija, the developer of a 40MW wind farm in Lithuania, in a civil dispute concerning the legitimacy and lawfulness of the wind farm's construction. The dispute centred on alleged legal violations during approval of the detailed plan of the territory where the wind farm was being constructed and during issuance of the construction permit.

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  • 01.01.2013

    Dispute Regarding Cross-Border VAT issues

    TGS Baltic represented AB Klaipedos Nafta, the manager of a modern oil terminal and a 700-million-euro LNG terminal development project, in a dispute with a third party service provider regarding cross-border VAT issues. 

  • 01.01.2013

    Tax Dispute Regarding VAT and Excise Treatment of Petroleum Products

    TGS Baltic advised a major Lithuanian company engaged in trading of petroleum products regarding a tax claim (excise and VAT) made by the State Tax Inspectorate amounting to more than 4.3 million euros.

  • 01.01.2013

    Nuclear Fuel Storage Depositories for Decommissioning

    TGS Baltic advised Ignalina Nuclear Power Plant regarding the decommissioning (closure) process of the power plant, valued at 2.9 billion euros. The firm represented the client in top-level negotiations with contractors, the European Commission and the closure-fund manager – the EBRD.

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  • 01.01.2013

    Oil Exploration by LOTOS

    TGS Baltic has counselled AB LOTOS Geonafta, a Lithuanian subsidiary of Grupa LOTOS S.A., on territorial planning issues in a new oil exploration field project.

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  • 01.01.2013

    PKN Orlen Lithuanian Subsidiary Land and Building Acquisition

    TGS Baltic has counselled Ventus-Nafta and its shareholder PKN Orlen on numerous real estate matters related to the expansion of its petrol-station network in Lithuania: construction of new petrol stations, including land acquisition and regulatory issues, and real estate development for hazardous objects near the residential areas.

  • 01.01.2013

    BW Capital Acquisition of Solar Power Plant Project

    TGS Baltic advised BW Capital, a private equity firm, in theacquisition of a solar power plant project.

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  • 01.01.2012

    Implementation of EU Third Energy Package Directives in Lithuania

    TGS Baltic assisted the Ministry of Energy of the Republic of Lithuania on all aspects of implementation of the Third Energy Package directives in the Lithuanian legal system and in the electricity and natural gas sectors.

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  • 01.01.2012

    Transfer of Employees

    TGS Baltic advised one of the biggest energy companies in Lithuania on the transfer of employees following provisions of the Council Directive 2001/23/EC of 12 March 2001 on the approximation of the laws of the Member States relating to the safeguarding of employees’ rights in the event of transfers of undertakings, businesses or parts of undertakings or businesses.

  • 01.01.2012

    Award of Damages Caused by Technical Incident at Ignalina Nuclear Facility

    Due to disagreements with a contractor, the procedure for closing Ignalina Nuclear Power Plant, which is financed from EU funds, has been falling behind schedule. This case was of great significance as due to the delays, the EU threatened to terminate its financial support for the plant's decommissioning of about 120 million euros per year.

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  • 01.01.2012

    Klaipėdos Nafta Dispute on Award of Damages for Contract Termination

    TGS Baltic represented AB Klaipėdos Nafta, one of Europe's most modern terminals for crude oil and light and heavy oil products, in a civil dispute against UAB Naftos Grupė, a shipping-agent for transit oil products, regarding the award of damages caused by termination of a contract for services.

  • 01.01.2012

    Lease of Floating Storage and Regasification Unit

    TGS Baltic acted as the main legal advisor to the client with respect to conclusion of a Time Charter Party on the lease of a newly built Floating Storage and Regasification Unit (FSRU) to be used for the import of liquefied natural gas into Lithuania.

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  • 01.01.2012

    Drafting of Standard Agreement on Handling of Oil Products

    TGS Balticacted as legal counsel to AB Klaipėdos Nafta, operator of an oil terminal in the Port of Klaipėda, for review of the Standard Agreement on Handling of Oil Products of the terminal’s clients, Arrangements on Return of Surplus of Oil Products, and other necessary documentation related to execution of the terminal‘s main activities.

  • 01.01.2012

    Klaipėdos Nafta Secondary Public Offering

    TGS Baltic acted as the legal advisor to AB Klaipėdos Nafta (one of the biggest terminals in the Baltic States and one of the most modern terminals in Europe) in executing an offering of newly issued shares to the company’s shareholders and admitting them to trading on the Nasdaq OMX Vilnius exchange.

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  • 01.01.2011

    Korea Electric Power (KEPCO) Tax Advice

    TGS Balticadvised Korea Electric Power Corporation (KEPCO) on the tax environment in Lithuania (capital taxation, taxation of imports, tax incentives, etc.) and application of tax incentives for investments in Lithuania. The firm also provide counsel on the possibilities for obtaining state aid for the construction of a nuclear power plant.

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  • 01.01.2011

    Sale of Controlling Stake in Geonafta

    TGS Baltic represented the client in selling a controllingstake in Lithuania's biggest oil extraction group, Geonafta, to the strategic investor Grupa LOTOS S.

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  • 01.01.2011

    Establishment of Public Entity EKOSVIESA

    TGS Baltic assisted in the establishment of the publicentity EKOSVIESA (Organization of Electrical and Electronic Equipment Producers and Importers).

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  • 01.01.2011

    Development of Wind Farms

    TGS Baltic advised one of the largest wind-farm developers in the Baltic countries, AS Nelja Energia, and its Lithuanian subsidiaries, on regulatory matters (permits, licensing, grid access, etc) and contractual matters (contracts with producers of generators, grid operators, purchasers of electricity).

  • 01.01.2008

    Establishment of LEO LT Electricity Company with EUR 2.4 Billion Capital

    TGS Baltic acted as lead counsel for the private investor UAB NDX Energija in preparation and execution of a transaction to establish a national electricity company, LEO LT, as the ultimate holding company for Lithuanian electricity transmission and distribution companies.

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