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Deals and cases

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  • 12.05.2019

    TGS Baltic advised Smart Energy Fund powered by Lietuvos Energija on investment in Moixa

    TGS Baltic  advised Smart Energy Fund powered by Lietuvos Energija on its investment in Moixa, a UK-based company developing smart energy storage devices and virtual power plant technologies.

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  • 02.05.2019

    TGS Baltic squashed the damages claim of VAS Privatizācijas aģentūra against the shareholders of AS Grindeks in amount of EUR 1,903,294.80

    TGS Baltic squashed the damages claim of VAS Privatizācijas aģentūra against the shareholders of AS Grindeks in amount of EUR 1,903,294.80 allegedly caused by failure to make mandatory buy back offer in the appellate instance court.

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  • 30.04.2019

    Advising Chaga on investment round on the Funderbeam platform

    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.

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  • 17.04.2019

    TGS Baltic assisted with commencement of opening of the first Zara Home shop in Latvia

    TGS Baltic assisted Apranga APB with establishing of its subsidiary Apranga HLV SIA, which will operate Zara Home stores in Latvia. The first Zara Home store opening in Latvia is expected in the second half of 2019 in the shopping park Alfa in Riga.

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  • 16.04.2019

    TGS Baltic assisted with the opening of one of the largest malls in the Baltics – Akropole

    On 4 April 2019, one of the largest, most contemporary and technologically advanced shopping and leisure malls in Latvia - Akropole opened its doors.

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  • 10.04.2019

    Advising Ares Management regarding USD 120 million financing agreement with Teligent

    TGS Baltic's team, led by Partner Sander Kärson, advised Ares Management, a global alternative asset manager, on Estonian law matters for a USD 120 million financing agreement with Teligent, Inc., a U.S. Nasdaq-listed specialty generic pharmaceutical company active in the United States, Canada and Estonia.

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  • 04.04.2019

    Advising selling the shares of Vopak E.O.S. to Abu Dhabi based Liwathon

    TGS Baltic's M&A team led by partner Kadri Kallas advised Royal Vopak N.V and Global Ports Investments PLC in selling the shares of Vopak E.O.S., the largest independent oil terminal operator in the Baltics, to Abu Dhabi based Liwathon. The new name of the logistics company will be Liwathon E.O.S.

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  • 28.02.2019

    TGS Baltic advised one of the world’s leading producers of scientific lasers Light Conversion

    TGS Baltic advised one of the world’s leading producers of scientific lasers Light Conversion, UAB on the sale of the real estate (a part of the structures previously acquired from AB Dvarčionių keramika, a company undergoing bankruptcy procedures) to a hi-tech company UAB Eksma.

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  • 14.02.2019

    TGS Baltic advised UAB XXT, controlled by UAB M.M.M. projektai

    TGS 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.

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  • 08.02.2019

    TGS Baltic advised KŪB Koinvesticinis fondas on investment into the innovative start-up MOREmins Ltd.

    Koinvesticinis Fondas and 5 other angel investors have invested €750,000 in the start-up which have already enabled 8 countries to make much cheaper calls to mobile or landline phones of subscribers in other countries.

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  • 07.02.2019

    Advising Proplastik on selling its business to Vink Group

    TGS 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.

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  • 07.02.2019

    TGS Baltic assisted LMT GROUP AB (Sweden) with acquisition of a number of PLM Group companies in Latvia and Estonia.

    TGS Baltic assisted Bengt Svante Liljedahl company LMT GROUP AB (Sweden) with closing of acquisition of PLM Group companies in Latvia, Estonia, Sweden, Denmark, Finland, Norway, and Iceland.

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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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