Deals and cases

ERGO Life Insurance SE created by cross-border merger of Ergo Life Insurance group companies in the Baltics

TGS Baltic led cross-border Ergo Life Insurance group companies in the Baltics in their cross-border merger of the Latvian and Estonian companies into the Lithuanian company, which was transformed into a European Company (Societas Europea) - ERGO Life Insurance SE.

TGS Baltic advised ERGO's life insurance companies cross-border merger in the Baltics

From the beginning of January ERGO’s life insurance companies in the Baltic States are operating as one Societas European company - ERGO Life Insurance. The company is registered in Lithuania (Vilnius) and has branches in Latvia and Estonia.

Acquisition of Sanitas, Lithuania's Largest Pharmaceuticals Manufacturer

Merger of Lithuania's Tiltra Group and Poland's Trakcja Polska

TGS Baltic advised AB Invalda and other majority shareholders of AB Tiltra Group, a regional transport infrastructure construction group active in Poland and Lithuania, on the merger of AB Tiltra Group with Trakcja Polska SA, the leading rail infrastructure construction group in Poland whose share are listed on the Warsaw Stock Exchange.

Avia Solutions IPO and First Foreign-Market Listing of Lithuanian Shares

TGS Baltic counselled the intermediary Dom Maklerski BZ WBK S.A. and the adviser Rubicon Partners Dom Maklerski S.A. of the initial public offering of shares in AB Avia Solutions Group to investors in Poland and the admitting of the company’s shares to trading on Poland's regulated market – the Warsaw Stock Exchange.

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.

ERGO Life Insurance SE created by cross-border merger of Ergo Life Insurance group companies in the Baltics

TGS led cross-border Ergo Life Insurance group companies in the Baltics in their cross-border merger of the Latvian and Estonian companies into the Lithuanian company, which was transformed into a European Company (Societas Europea) - ERGO Life Insurance SE.

Horiba Europe Public Procurement Case

TGS Baltic successfully represented Horiba Europe GmbH in civil proceedings concerning award of a public contract.

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.

Acquisition of Controlling Stake in Mieszko SA

TGS Baltic provided full transaction services to UAB EvaGrupe in the acquisition of a controlling stake in Mieszko SA (Poland) from UniCredit AG (Germany), valued at 31 million euros.

Establishment of Public Entity EKOSVIESA

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

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).

Reorganisation of Multiple Tamro Group Companies

TGS Baltic advised Tamro Corporation, a Finnish distributor of pharmaceutical products and other goods for health and well-being which is the largest pharmaceutical distributor in the Baltics, on reorganizing a group of companies.

Apranga achieves refund of input value added tax winning the dispute with the Latvian State Revenue Service

TGS Baltic wins the Latvian State Revenue service achieving refund of input value added tax for a distinct leader of clothing retail in the Baltic States - Apranga.

Agrowill SPO and First Dual-Listing of Lithuanian Shares

TGS Baltic acted as the legal advisor to the lead manager and offering broker Dom Maklerski IDM S.A., and to the offering advisor Rubicon Partners Corporate Finance S.A., in the public offering of shares in AB Agrowill Group to investors in Poland as well as admission of the company's shares to trading on the Warsaw Stock Exchang and the admission of newly issued shares to trading on the Nasdaq OMX Vilnius exchange.

Barclays Lithuania Advisory Services

TGS Baltic advised Barclays bank on the extension of an employee incentive scheme to employees of its Lithuanian subsidiary and related taxation issues.

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.

Ventus-Nafta Award of Debt, Challenge of Contracts and Forgery

TGS Baltic represented AB Ventus-Nafta, a subsidiary of ORLEN Lietuva engaged in retail sales of refined petroleum products with a network of petrol stations. The complex dispute comprised civil cases concerning the award of debt, the challenge of contracts, and a criminal case concerning the forgery of certain documents.

LitPol Link Territory Planning Issues and Regulations

TGS Baltic advised LitPol Link sp. z o. o., the coordinator of preparatory works for the construction of an electricity interconnection between Lithuania and Poland, on legal matters concerning territorial planning and environmental protection, including comprehensive advice on interpretation of national law regarding territorial-planning matters.