Deals and cases

Deals and cases

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  • 05.10.2023

    The European commission approves €193 million Lithuanian state aid scheme to support offshore wind farms to foster the transition to a net-zero economy

    TGS Baltic advised client on getting approval from The European Commission to support offshore wind farms to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan

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  • 29.09.2023

    TGS Baltic advised Nord Security, Lithuanian cyber security tech unicorn, on attracting $100 million investment

    Our client Nord Security closed the deal with the US private equity group Warburg Pincus and secured $100mn investment that almost doubled their value in one year – from $1.6bn to $3bn, making it one of the biggest deals in the tech sector this year.

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  • 29.09.2023

    Partner Chirag Mody and senior associate Silvia Urgas successfully represented a client in three court cases

    Harju County Court dismissed all three actions brought against our client in the total amount of EUR 2,500,000. In three court cases that lasted more than two years, it was argued whether our client had breached their official duty and failed to protect the interests of the corporate debtor in the bankruptcy proceedings.

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  • 27.09.2023

    Partners Chirag Mody and Peeter Viirsalu successfully represented a client in Harju County Court

    Harju County Court fully satisfied our client’s claim to have their valuable immovable property returned to them. The dispute, which lasted more than six years, focused on whether an immovable property worth EUR 1,600,000 belonging to our corporate client was unlawfully transferred to a third party.

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  • 22.09.2023

    Decision to start the process of out-of-court bankruptcy of INTER RAO Lietuva cancelled and significant case law formed

    Attorneys at law Dovilė Armalytė, Ramūnas Kontrauskas, Marius Brasiūnas and associate attorney at law Lukas Radzevičius from law firm TGS Baltic have successfully represented clients AB ORLEN Lietuva, UAB PHILIP MORRIS LIETUVA and AB Lietuvos paštas in solving the dispute over the lawfulness of the out-of-court bankruptcy process of AB INTER RAO Lietuva.

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  • 12.09.2023

    TGS Baltic advised Värska Originaal, the leading mineral water producer in Estonia, on a buyout of its minority shareholders and refinancing of the company

    TGS Baltic acted as a legal adviser to Värska Originaal and its shareholders. Our team advised on negotiating the terms of the transaction in which the client acquired additional shares of Värska Originaal.

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  • 08.09.2023

    TGS Baltic assisted Clean Energy Infrastructure Fund, managed by Modus Asset Management UAB, in acquiring 100% shares of three companies with a portfolio of solar projects with a total capacity of 55 MW in Latvia from the developer SIA Evecon via the special purpose vehicle Clean Energy Investments UAB.

    Clean Energy Investments UAB, a special purpose vehicle of a closed-end investment fund, Clean Energy Infrastructure Fund, managed by a Lithuanian renewable energy investment manager, Modus Asset Management, signed an agreement with one of the leading renewable energy developers in the Baltic States, SIA Evecon, to acquire 100% shares of three companies with a portfolio of 10 advanced technology solar park projects in Latvia.

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  • 05.09.2023

    TGS Baltic assited Baltisches Haus in creating a long-term cooperation with Ignitis Group

    Ignitis and Baltisches Haus have entered into a strategic partnership agreement to completely overhaul electric vehicles (EV) charging infrastructure in Baltisches Haus real property portfolio.

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  • 24.07.2023

    BaltCap completes the first take-private transaction by a Baltic investor on the London Stock Exchange by acquiring Xpediator

    BaltCap was advised by TGS Baltic in completing the transaction to acquire Xpediator Plc.

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  • 06.07.2023

    PPMI joins Kantar Public!

    TGS Baltic provided advisory services to PPMI for its successful acquisition by Kantar Public.

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  • 28.06.2023

    Partner Chirag Mody and Associate Kaija Märtin Successfully Represented a Client at Court

    By its judgment of 26 June 2023, Harju County Court entirely dismissed the claim submitted against our client. The substance of the dispute was whether a professional business consultancy company had undertaken all activities foreseen in the agreement and was entitled for the payment.

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  • 21.06.2023

    Partner Martin Tamme and Senior Associate Silvia Urgas successfully represented Swedbank

    TGS Baltic has successfully represented Swedbank regarding a 1.75 MEUR claim presented against Swedbank by the bankruptcy trustee of the former Swedbank client Alberta Trade OÜ.

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  • 15.06.2023

    Partner Chirag Mody Successfully Represented a Client in Harju County Court

    By its judgment of 2 June 2023, Harju County Court entirely dismissed the claim submitted against our client. The claim was based on an agreement signed between a mother and a daughter company which entitled the daughter company to use the group banking account.

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  • 13.06.2023

    Supreme Court rules that the detention of former political leader Ain Seppik was unlawful

    In a ruling published on 9 June, the Supreme Court found that the detention of former political leader Ain Seppik on 4 January last year on suspicion of a crime and the use of handcuffs at the time were unlawful.
    The Criminal Chamber of the Supreme Court emphasised that, according to the Constitution, everyone has the right to liberty and security of person.

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  • 06.06.2023

    Partner Chirag Mody and Senior Associate Silvia Urgas Successfully Represented Clients in Tallinn Circuit Court

    By its judgment of 12 May 2023, Tallinn Circuit Court entirely dismissed the accusations made against our clients, including board member liability, breach of employment agreement, and consequent damage claims in a noteworthy and complex case.

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  • 05.06.2023

    TGS Baltic represented Vatubela in a resonance civil case

    This case concerns the legality of a transaction for the sale of state land and the consequences of the nullity of such a transaction.

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  • 02.06.2023

    TGS Baltic advised the Estonian national postal service provider Eesti Post (Omniva) on the purchase of certain assets from Parcelsea.

    TGS Baltic advised the Estonian national postal service provider Eesti Post (Omniva) on the purchase of certain assets (network of smart mailboxes and related IP rights) from Parcelsea (Estonian based startup concentrating on developing innovative delivery solutions). TGS Baltic advised the client during the entire transaction, from assisting the client during due diligence exercise until drafting, negotiating and closing of the transaction documents.

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  • 02.06.2023

    TGS advised shareholders of Eesti Digiraamatute Keskus (EDRK) on the sale of a minority stake in EDRK to PE fund BaltCap

    EDRK is the absolute market leader in digitalizing books in Estonia. TGS advised the client during the negotiating the transaction documents and closing the transaction.

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  • 01.06.2023

    TGS Baltic advised the shareholders of one of the oldest and most well-known furniture manufacturers Standard on the sale of their shares to a strategic investor Green Estonia.

    TGS Baltic advised the client during the entire transaction, from assisting the clients during the due diligence exercise (conducted by the Buyer) until negotiation and finalisation of the transaction documents.

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  • 01.06.2023

    TGS Baltic advises the Museum Foundation of Imants Ziedonis on the intellectual property rights questions and ethical aspects of the use of an artificial intelligence computer program that synthesizes the imitation of the voice of the publicly known person – famous Latvian writer Imants Ziedonis

    In cooperation with a non-governmental organization Imants Ziedonis Foundation "Viegli", TGS Baltic assists the Museum Foundation of Imants Ziedonis (the Museum) on the Intellectual Property rights questions and ethical aspects of the use of an artificial intelligence computer program that synthesizes the imitation of the voice of the publicly known person – famous Latvian writer and poet Imants Ziedonis (1933–2013).

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