Deals and cases
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16.06.2020
TGS Baltic advised BaltCap on 15-year partnership agreement with Kaunas District Municipality
The largest private equity firm in the Baltic States BaltCap signed a 15-year public-private partnership agreement with Kaunas District Municipality.
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15.06.2020
TGS Baltic advises Fujitsu Estonia on a daily basis
We advise Fujitsu Estonia on a daily basis on different IT-related contractual, intellectual property and data protection matters.
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10.06.2020
TGS Baltic successfully represented a client in the Supreme Court of Estonia
We successfully represented a client in the Supreme Court of Estonia in connection with the fact that a company was refused registration on the grounds that the word “construction” in its name is protected as a trademark.
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09.06.2020
TGS Baltic advised Ignitis Group and Litgrid on selling the shares of Duomenų logistikos centras
We assisted an international energy company Ignitis Group and Lithuania‘s transmission system operator Litgrid on sale of Duomenų logistikos centras (DLC) shares to Quaero European Infrastructure Fund II (QEIF II), an infrastructure investment fund managed by Quaero Capital. According to the share sale agreement Ignitis Group will sell 79.64%, Litgrid – 20.36% of their shares in DLC. The total value of the transaction is EUR 10.1 million.
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05.06.2020
TGS Baltic advised KŪB Koinvesticinis fondas on investing in UAB Funkciniai gėrimai
TGS Baltic advised venture capital fund Koinvesticinis fondas and 4 other business angels on investing EUR 210,000 in the Lithuanian start-up, Funkciniai gėrimai.
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02.06.2020
TGS Baltic advised international company Iron Mountain Inc., which provides worldwide services on data and records management
Our team have provided an overview of the time limits for the preservation of documents, and active obligations regarding the submission of documents to public authorities.
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25.05.2020
TGS Baltic successfully defended the interests of TV Play in a five-year case
TGS Baltic team obtained a precedent decision from the Supreme Administrative Court of Lithuania, as we successfully defended television production and project creation company TV Play against the Radio and Television Commission of Lithuania. The dispute between the parties arose due to the obligation of must carry which is imposed by the law.
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21.05.2020
TGS Baltic advised Ignitis group on the approval of the renewed EUR 1.5 billion bond program and making an issue of EUR 300 million according to it
TGS Baltic advised Ignitis group on the approval of the renewed EUR 1.5 billion medium-term debt securities program and bond issuance of EUR 300 million according to the programme.
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11.05.2020
TGS Baltic advised the shareholders of Medicinos Bankas on the sale of 100% of the bank’s shares
TGS Baltic advised Konstantinas Karosas and Western Petroleum Limited, the shareholders of Medicinos bankas on the sale of 100% of the bank’s shares to Nitin Shelke.
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04.05.2020
TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in issuance of two issues of Eurobonds for a record amount of EUR 2 billion
TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in structuring and issuing two issues of Eurobonds for the total value of EUR 2 billion.
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28.04.2020
TGS Baltic advised Šiaulių bankas on its 20 MEUR bond listing on Nasdaq Vilnius
TGS Baltic advised Šiaulių bankas on listing on Debt Securities List of Nasdaq Vilnius non-publicly issued 20 MEUR of subordinated bonds, which will soon be admitted to trading on this regulated market.
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14.04.2020
TGS Baltic provides support in the transaction for the supply of surgical face masks from the People's Republic of China
On 9 April 2020, a flight with the first cargo delivering one million surgical face masks arrived in Latvia. A total of 2 million surgical masks will be delivered to Latvia.
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09.04.2020
TGS Baltic advised a producer of precast concrete products AS Framm on the acquisition of AS Lasbet Tootmine, an undertaking operating in the same field
With the help of TGS Baltic team, a producer of concrete elements and products AS Framm entered into a transaction by which it acquired an undertaking operating in the same field AS Lasbet Tootmine, making AS Framm the largest producer of concrete elements and products in Estonia.
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01.04.2020
TGS Baltic advised Viada LT, the biggest chain of gas stations in Lithuania, in making a public offering of bonds
TGS Baltic advised Viada LT in making the issue of bonds for over EUR 1 million. The subscribed bonds are soon to be admitted to trading on the alternative stock exchange First North.
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31.03.2020
TGS Baltic successfully defended interests of Klaipėdos nafta in the claim of almost EUR 6 million
TGS Baltic team defended the client AB Klaipėdos nafta, a company controlling oil products and liquefied natural gas (LNG) terminals, in the Court of Appeal of Lithuania from the claims for damages of almost EUR 6 million filed by oil products transhipment company Krovinių terminalas controlled by Achemos grupė.
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10.03.2020
TGS Baltic assisted Rabobank in relation to a financing transaction in Latvia
TGS Baltic advised Coöperatieve Rabobank U.A. in relation to a financing transaction and creation of appropriate security in Latvia. The financing was provided to a Latvian company engaged in fishing - SIA Batterfiša with Dutch origin, for the purposes of refinancing existing liabilities and working capital needs.
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02.03.2020
TGS Baltic assisted CVI on preparation and negotiation of a secured mezzanine bonds transaction
TGS Baltic assisted CVI Dom Maklerski sp. z o.o. (CVI ) in arranging financing to SIA Riga Retail Park for the purposes of co-financing acquisition of real property as well as construction and development of the Saga Lifestyle and Shopping Centre in Stopini, a suburb of Riga, Latvia, by the Baltic real estate developer, VPH UAB.
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05.02.2020
We advised Nasdaq-listed fintech company Opera on the acquisition of Pocosys
TGS Baltic advised the Opera group, which is listed on stock exchange Nasdaq in the USA, on entry into a contract of purchase for the acquisition of fintech company Pocosys and its sister company, a licensed payment institution, Pocopay from Poco Holding where Indrek Neivelt has a large shareholding.
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30.01.2020
TGS Baltic provides legal assistance and defence in an action on a possible criminal offense in the public sector
In the period from 2017 to 2020, legal assistance has been provided to several clients accused of committing possible criminal offenses in state institutions, incl. corrupt offenses.
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21.01.2020
TGS Baltic continues providing a full scope of legal assistance to Overkill Ventures startup portfolio
TGS Baltic continues providing a full scope of assistance to startup founders. At the beginning of a new batch, workshops on Latvian legislation are held, providing the teams with guidelines on starting up their business.
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