Finance

Industries Finance

“Banking and finance is a core area at TGS Baltic, which attracts an extensive client portfolio” thanks to “a high level of service and excellent response times.”

The finance sector is living a revolution. One of the biggest since the first coin was invented. That is changing the industry and the business models we were used to. The FinTech sector, in particular, is growing fiercely and turning the Baltics into a regional hub for the development of financial technologies.

We are ready for this game-changing environment with a multidisciplinary finance law team. Our experienced professionals are keen to transform your business challenges into advantages through extensive legal knowledge, in-house business understanding, and broad corporate and institutional networks.

We have the courage to lead a constructive dialogue with banks, FinTech companies, technology start-ups, institutions, regulators, and customers. Three of the four biggest Baltic banks and more than 40 local and international financial institutions already put their trust in us.

Major Deals

  • 30.12.2022

    Big win in court representing the largest Lithuanian capital bank Šiaulių bankas in three-year-long proceedings regarding the imposition of the biggest AML fine in the banking sector

    TGS Baltic attorneys Žygimantas Stankevičius, Tadas Varapnickas and assistant attorney Eglė Masytė successfully defended the interests of Šiaulių bankas in an administrative case against the Bank of Lithuania regarding a fine imposed by the Bank of Lithuania.

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  • 13.12.2022

    TGS Baltic advised the largest Lithuanian capital bank Šiaulių bankas on its 85 MEUR bond listing on Nasdaq Vilnius

    TGS Baltic advised Šiaulių Bankas on their issue of 85 MEUR of restricted senior preferred notes. Altogether bond issue of Šiaulių bankas in the value of EUR 160 MEUR is traded as from 9 December 2022, for which 1.047% annual interest is paid.

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  • 15.11.2022

    TGS Baltic successfully defended interests of one of the major financial institutions of Lithuania

    The TGS Baltic team successfully defended interests of one of the major financial institutions of Lithuania in the case started by former employee regarding settlement after dismissal. The amount claimed by the employee was over EUR 215 000.

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  • 11.11.2022

    TGS Baltic advised Orion Wealth in obtaining a licence of a financial brokerage firm of category C

    We advised Orion Wealth in obtaining a licence of a financial brokerage firm of category C. This license allows the firm to provide portfolio management, investment advice and other investment and ancillary services.

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  • 10.11.2022

    TGS Baltic – together with Dentons – advised the Republic of Lithuania on borrowing in total EUR 1.2 bilion in international capital markets

    Together with the international law firm Dentons, we advised the Republic of Lithuania on two benchmark bond transactions:

    • The issuance of EUR 900 million 4.125% Notes due 2028,
    • EUR 300 million tap of existing EUR 670 million 2.125% Notes due 2032.
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  • 19.10.2022

    TGS Baltic successfully represented the largest Lithuanian capital bank Šiaulių bankas in a case against the fine imposed by the Bank of Lithuania

    Our team successfully represented the largest bank with Lithuanian capital – Šiaulių bankas – in an administrative case against the Bank of Lithuania regarding the fine imposed by the Bank of Lithuania.

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Awards & Recognition

  • IFLR 1000

    The team is “very creative and innovative in negotiations, structuring transactions and coming up with non-standard solutions”, “competent, service-minded and hands-on” and “has been important in cross-border transactions.”

    IFLR 1000
  • Chambers and Partners

    “Impresses clients with its full-service capability and strength in multi-jurisdiction deals,'' has “broad experience, including transaction finance, capital markets and banking regulatory work” and is “highly skilled in distressed loan restructuring and EU financing schemes.”

    Chambers and Partners

Team

Key Contacts