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TGS Baltic's team, led by partner Kadri Kallas, advised Chaga, an Estonian producer of organic food supplements, on its investment round on Funderbeam, a funding and trading platform which enables small investors to buy and sell equity stakes in private companies.
MoreTGS Baltic advised UAB XXT, controlled by UAB M.M.M. projektai, on selling the S7 office complex to Eastnine, a Swedish investment company. The transaction is a record transaction in the office real estate segment in the Baltic States and by far the largest acquisition of commercial real estate in recent years.
MoreTGS Baltic’s cross-border M&A team led by partner Sander Kärson advised the owners of Proplastik in Estonia, Latvia and Lithuania in selling their business to Europe's largest plastic wholesaler Vink Group.
MoreTGS Baltic is a key legal advisor for Lithuanian subsidiary of GlaxoSmithKline, a science-led global healthcare company. We advised Client on a Pan-Baltic level in a project related to development of internal public procurement policies, ebracing the best practices for various corporate and public procurement issues, including but not limited to protection of confidencial information, fair competition and proper participation in tender produres and etc. These policies reflected boath national regulation and case law, as well as the case law of the European Court of Justice and provisions of the EU public procurement directives.
Government of Lithuania has started a reform of state enterprise due to which Lithuanian Airports is undergoing a transformation of the legal form of state enterprise to public limited liability company. Reform was started under recommendations of OECD. TGS Baltic has advised Lithuanian Airports on all legal issues related to the transformation.
MoreTGS Baltic’s M&A team led by partner Kadri Kallas advised Posti, the leading postal and logistics service company in Finland, on Estonian contract law and employment law aspects regarding acquiring the in-house logistics company Suomen Transval Group. The transaction is subject to the approval of the Finnish Competition and Consumer Authority.
MoreTGS Baltic has advised AB Novaturas and its shareholders in restructuring the corporate governance structure of the company (e.g. creating Supervisory Council, Audit, Nomination and Remuneration Committees, concluding the necessary internal rules and procedures, related to securities regulations, etc.) in order to create the corporate governance regime as of the listed company.
MoreTGS Baltic has advised MAXIMA GRUPĖ, UAB in restructuring the corporate governance structure of the company (e.g. creating the needed internal committees and other bodies, concluding the necessary internal rules and procedures, related to securities regulations, etc.) in order to create the corporate governance regime as of the listed company and provided other assistance in connection therewith, when the company was in the process of preparation of the public offering of notes and admission thereof to trading on the regulated markets Dublin Stock Exchange (Euronext Dublin) and AB Nasdaq Vilnius, which is currently been executed with the assistance of TGS Baltic as well.
The Government of Lithuania started a reform of state enterprise due to which the legal form of VĮ Kelių priežiūra, a state enterprise maintaining roads in the whole of Lithuania, as well as performing road construction works, was changed from state enterprise (VĮ) into public limited liability company (AB).
MoreTGS Baltic advised VIKONDA Group (VIKONDA Concern), one of the biggest business groups in Lithuania with significant interests in food, trade, crop, media industries, construction, and other services, with a consolidated annual turnover of approximately EUR 145 million, on a complex holding restructuring.
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TGS Baltic advised Amber Grid, AB regarding commercial and public procurement law issues regarding one of the key public procurements (steel pipes) of the GIPL project, including drafting clarifications of the tender documents and the purchase contract, evaluation of the applications and documents submitted by participants from various jurisdictions and tenders of the participants, drafting decisions of the contracting authority.
MoreTGS Baltic performed a study on minority shareholder protection. The report of this study was introduced to the European Commission. The purpose of the study was to carry out an assessment of the EU Member States’ frameworks related to the minority shareholders.
MoreTGS Baltic introduced a stock option plan for Hostinger UAB, a hosting services supplier operating worldwide, having subsidiaries in Brazil and Indonesia. The stock option plan will be applied for encouraging not only the employees working in Lithuania but also the employees and consultants of other subsidiaries of Hostinger, UAB operating in Indonesia and Brazil.
MoreTGS Baltic advised LRT, a national broadcaster on acquisition of new content management system and software for its webpage and media archive, that now is accessible via the internet and other all content broadcasted by two channels LRT and LRT KULTURA as well as other original content. The matter related to the consultations of structuring of the transaction, IP acquisition matters, publishing matters in the internet and other.
Counseled Wix.com, one of the largest web portal development platforms in the world, in implementing the employee stock option and share-linked instrument plan in Lithuania. Continuously advises on all day-to-day employment, migration, contracting issues.
The TGS Baltic team represented Fonterra, a global dairy company from New Zealand, in acquiring 10% of shares in Rokiškio sūris for EUR 7.1 million and becoming a strategic investor.
MoreThe services included drafting of the memorandum regarding possible types of contracts to be signed with managing employees of the companies, belonging to Orlen group, in Lithuania, Latvia, and Estonia. After that, our law firm prepared several model employment contracts to be used with management in Lithuanian companies of the group. Also, our assistance covered the revision of an amendment to the Bonus System Regulation for the Management Board of Lithuanian companies.
TGS Baltic has successfully advised AB INVL Technology on its transformation into a special closed-ended investment company. A necessary license and approval were issued by the Bank of Lithuania in July 2016. The Bank of Lithuania has also approved the company’s share prospectus for listing of the shares on the NASDAQ OMX Vilnius stock exchange.
MoreTGS Baltic has advised Skandia, one of the largest Sweden's banking and insurance groups, on the establishing a new operations centre in Vilnius.
MoreThe firm's corporate law team has advised Cybernetica, the Estonian R&D lab that built the original Internet voting system used in Estonia, on entering into a cooperation agreement with Smartmatic, the leading international company producing automated election systems.
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