Deals and cases

Deals and cases

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  • 04.02.2019

    Representing SOE Port of Tallinn against its former directors

    Representing SOE Port of Tallinn and its subsidiary TS Laevad against its former directors – Ain Kaljurand and Allan Kiil – who were detained in 2015, in one of the most high-profile criminal cases in recent years. The former directors are charged with large-scale corruption and money laundering. The firm represents clients concerning the clients’ civil claim against its former directors.

  • 01.02.2019

    TGS Baltic represented Ūkio Bankas against Deloitte Lietuva and Deloitte Touche Tohmatsu Ltd

    TGS Baltic's team represented Ūkio Bankas against Deloitte Lietuva and Deloitte Touche Tohmatsu Limited in a claim for of over EUR 100 million for an improperly performed audit. 

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  • 31.01.2019

    TGS Baltic assessed the evaluation of the GDPR conformity

    TGS Baltic assessed the evaluation of the GDPR conformity performed by other service providers and their conclusions, presented comments and identified certain shortcomings. The project included review of prepared reports and documents, also checking of the Company’s employees’ workplaces and instruments.

  • 30.01.2019

    TGS Baltic helps Polish Fund obtain clearance for merger with Morele.net. Sp.z.o.o.

    The fund registered in Poland MCI.PrivateVentures Fundusz Inwestycyjny Zamknięty with sub-fund MCI.TechVentures 1.0 was assisted by TGS Baltic team with obtaining of merger permit of the Latvian Competition Council to acquire sole control over company Morele.net Sp. z o.o.

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  • 24.01.2019

    TGS Baltic advised UAB EUGESTA in acquiring a majority interest in UAB Armavista

    TGS Baltic advised UAB EUGESTA, one of the largest international distribution companies in the Baltic States, on the acquisition of a majority interest in UAB Armavista.

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  • 21.01.2019

    TGS Baltic's team successfully defended Bank Snoras

    TGS Baltic together with the prominent Austrian law firm Graf & Pitkowitz Rechtsanwälte successfully defended Bank Snoras before the Vienna International Arbitral Centre (VIAC) in a complex declaratory relief claim sought by another major Austrian bank. Arbitration comprised issues of applicable law, AML regulations, back-to-back loan agreements, requirements for financial institutions and difficult jurisdictional issues. After a two-year legal battle, on 21 January 2019, VIAC arbitral tribunal rendered a decision in favor of Snoras, dismissing the declaratory relief sought by the claimant. TGS Baltic was the leading counsel of the arbitration.

  • 21.01.2019

    Representing Credit Suisse AG in a forced sale of the vessel

    Representing Swiss multinational investment bank and financial services company Credit Suisse AG in a cross-border dispute over the arrest and forced sale procedure of the vessel belonging to one of Palmali group of companies. Favourable outcomes to enforce the mortgage under the European Enforcement Order (EEO) rules have been reached at every stage.

  • 18.01.2019

    TGS Baltic advised Dutch company Factris in acquisition of UAB Debitum fori

    TGS Baltic advised Dutch factoring company Factris in acquiring Lithuanian invoice financing company UAB Debitum fori. The transaction resulted in the acquisition of 100% of shares in UAB Debitum fori operating under the trade name Debifo.

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  • 08.01.2019

    TGS Baltic assisted Expobank CZ a.s. with financing the acquisition of the Radisson Blu Daugava Hotel by Astor Group (Latvia) from PBR Hotel (USA)

    TGS Baltic assisted Expobank CZ a.s. with financing the acquisition of the shares of SIA POLAR BEK DAUGAVA (now merged into SIA LAMPL which is owned by two private individuals through SIA RHG RIGA), the owner of the Radisson Blu Daugava Hotel.

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  • 06.01.2019

    TGS Baltic assisted Belgian investment group Straco

    TGS Baltic, working alongside Clifford Chance Belgium office, assisted Belgian investment group Straco with the acquisition of the horticulture company AS Greenyard Horticulture Latvia as a part of acquisition of the horticulture segment from Greenyard in Belgium, France, Poland, Ukraine, and Latvia.

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  • 02.01.2019

    TGS Baltic assisted AS Augstsprieguma tīkls with obtaining of the merger clearance by the Latvian Competition Council for potential acquisition of a decisive influence over AS Conexus Baltic Grid

    According to the merger notification received by the Latvian Competition Council, since 1 January 2018, AS Augstsprieguma tīkls owns the majority of votes in the decision-making bodies of AS Conexus Baltic Grid.

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  • 01.01.2019

    TGS Baltic represents in court CPO LT

    TGS Baltic represents in court CPO LT, as a defendant, in a dispute regarding international fuels public procurement. The estimated value of the contract (framework) – EUR 785 million.

     

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  • 01.01.2019

    TGS Baltic is a key legal advisor for Lithuanian subsidiary of GlaxoSmithKline

    TGS 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.

  • 01.01.2019

    TGS Baltic Public Procurement practice team successfully represented a client

    TGS Baltic Public Procurement practice team successfully represented a client in one of the first judicial disputes in Lithuania regarding the practical application of the supplier ‘self-cleaning’ doctrine. 

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  • 06.12.2018

    TGS Baltic advised Šiaulių Bankas in the admission of a EUR 20 million bond issue to trading on Nasdaq Vilnius

    The bonds were admitted to trading on the said regulated market at the beginning of December.

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  • 03.12.2018

    TGS Baltic advised Avia Solutions Group and its shareholders on delisting the company's shares from the Warsaw Stock Exchange

    In addition to TGS Baltic, the company and its shareholders were also represented in this transaction by the international law firm Dentons Europe Dąbrowski i Wspólnicy sp. k.

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  • 04.11.2018

    TGS Baltic has advised Lithuanian Airports

    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.

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  • 03.11.2018

    TGS Baltic advised MCI, a major CEE private equity tech company

    TGS Baltic advised MCI, a major CEE private equity tech company, in relation to the merger of Morelle, one of the largest e-retailers in Poland, and Pigu, the biggest e-retailer in the Baltics. 

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  • 30.10.2018

    Advising Astel Group on acquiring 95% ownership in Rakvere Metsamajand

    Estonian M&A team of TGS Baltic led by partner Sander Kärson advised Astel Group on acquiring 95% ownership in the oldest timber log houses manufacturer in the Baltics, Rakvere Metsamajand (acting under the trademark Nordic Timber Homes).

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  • 28.10.2018

    TGS Baltic represented Lithuania SME Fund in the sale of InMedica shares

    TGS Baltic represented Lithuania SME Fund and Litgaja in the sale of 70% stake of InMedica chain of primary health care centres to BGSF Sanus, a company wholly owned by INVL Baltic Sea Growth Fund (a private equity fund of INVL Asset Management).

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