Deals and cases

Deals and cases

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  • 01.01.2013

    Northway Medical Centres Tax Advisory Services

    TGS Baltic provided tax advisory services to Northway Medical Centres, one of the largest private medical centres in Lithuania providing comprehensive medical, day surgery and rehabilitation services, regarding invoicing, VAT, income tax and other tax law issues.

  • 01.01.2013

    Karl Fazer Advice on Tax Issues

    TGS Baltic counselled Oy Karl Fazer regarding evidence for proving the existence of permanent establishment in Lithuania, as well as on tax issues related to business development through already operating trade departments.

  • 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

    Sanitas Squeeze-Out Procedure

    TGS Baltic advised and provided full transaction servicesto Valeant Pharmaceuticals International Inc., one of the largest Canadian pharmaceutical companies, in the squeeze-out of Sanitas minority shareholders and successful acquisition of 100% of Sanitas shares. This enabled Valeant to exercise sole control over Sanitas, delist it from the Nasdaq OMX Vilnius exchange and relieve Sanitas of extensive reporting and accountability duties associated with public listing of shares.

  • 01.01.2013

    Private Equity Investment in NNL LT

    TGS Baltic advised the private equity fund LitCapital I on its investment in the NNL LT company group, a third party logistics provider of chilled and frozen goods. NNL LT is the only full-service and independent temperature controlled food-product logistics company in Lithuania.

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  • 01.01.2013

    Coffee Inn Private Equity Investment

    TGS Baltic advised Coffee Inn, the largest branded coffeeshop chain in the Baltics, and its shareholders, in connection with attracting expansion capital from BaltCap, the leading independent private equity and venture capital firm in the Baltic States. The funds received from Baltcap will be used to finance the local and foreign expansion of Coffee Inn.

  • 01.01.2013

    Orion Securities Internal Due Diligence

    TGS Baltic performed legal due diligence of Orion Securities Group, the largest non-banking financial group in Lithuania, in order to identify possible business risks and examine whether the company’s documents and activity procedures conform to existing legal acts.

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  • 01.01.2013

    Establishment of Alternative Investment Fund

    TGS Baltic advised Orion Securities Group, the largestnon-banking financial group in Lithuania providing intermediation services, on establishment of an alternative investment fund – the Algorithmic Trading Portfolio – the first of its kind in the Baltic region, where buy or sell decisions are made by specialized software.

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  • 01.01.2013

    Acquisition of Majority of Shares in Optida

    TGS Baltic provided full transaction support to laser optics manufacturer UAB Altechna and its shareholder, the private equity fund LitCapital I, in the acquisition of a majority of shares in UAB Optida, the largest optical coating company in Lithuania.

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  • 01.01.2013

    Grigiškės Secondary Public Offering

    TGS Baltic advised AB Grigiškės, which is the largest paper industry company in the Baltic States and shares of which trade on the Nasdaq OMX Vilnius exchange, on the successful completion of a secondary offering of newly issued shares to both existing shareholders and new investors.

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  • 01.01.2013

    Acquisition of Porsche Baltic Dealership

    TGS Baltic advised Modus Group, a major Lithuanian realestate, renewables and car business group, in its acquisition of Porsche Baltic Dealership from SIA Baltijas Sporta Auto, which is ultimately controlled by Kittner Group – a major distressed car distributor in Germany.

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  • 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

    Investment in New Premises at Žalgirio Arena

    TGS Baltic advised Lithuania's largest health club chain, IMPULS LT, on the acquisition and installation of premises at Kaunas Žalgirio arena, the country's largest multi-purpose arena.

  • 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

    SEB Bank Rental of New Office Premises

    TGS Baltic acted as legal advisor to SEB bank, Lithuania’slargest commercial bank, on all issues related to the rental of more than 16,000 square metres of office premises.

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  • 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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  • 01.01.2013

    US private equity house Apollo considers marketing in Larvia

    TGS Baltic advised a US private equity house Apollo on marketing of shares in private equity funds in Latvia.

  • 01.01.2013

    The owner of Alfa Shopping Mall Delta Property settles with IF P&C Insurance and the owner of interior design saloons SIENA

    TGS Baltic successfully represented the owner of Alfa Shopping Mall Delta Property in civil court achieving settlement with IF P&C Insurance and owner of the interior design saloon Siena claiming recourse compensation claims of loss caused to the lessees of the Shopping Mall Alfa during the widely publicized fire event on July 2009.

  • 01.01.2013

    Mūsa Motors Rīga settles with Citadele Līzings and faktorings

    TGS Baltic successfully represented Volvo dealer Mūsu Motors Rīga in a dispute with a leasing company Citadele Līzings and faktorings that won the public tender on supply of 81 passenger cars to the Latvian State Police on fulfillment of contract obligations by reaching an out of court settlement.