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

  • 16.11.2023

    TGS Baltic advised European Investment Bank (EIB) on signing a €25 milion agreement with Klaipėdos vanduo

    The European Investment Bank (EIB) has signed a €25 million loan agreement with "Klaipėdos vanduo", the municipal water company in the Lithuanian city of Klaipėda, supporting its 2023-2026 investment programme. 

  • 31.10.2023

    TGS Baltic advised TKM Finants AS in obtaining a creditor's activity license

    We advised TKM Finants AS, a subsidiary of Nasdaq-listed Tallinna Kaubamaja Grupp AS, in applying for a creditor's activity license from the Estonian Financial Supervision Authority and providing consumer credit services.

  • 29.09.2023

    Partner Chirag Mody and senior associate Silvia Urgas successfully represented a client in three court cases

    Harju County Court dismissed all three actions brought against our client in the total amount of EUR 2,500,000. In three court cases that lasted more than two years, it was argued whether our client had breached their official duty and failed to protect the interests of the corporate debtor in the bankruptcy proceedings.

  • 12.09.2023

    TGS Baltic advised Värska Originaal, the leading mineral water producer in Estonia, on a buyout of its minority shareholders and refinancing of the company

    TGS Baltic acted as a legal adviser to Värska Originaal and its shareholders. Our team advised on negotiating the terms of the transaction in which the client acquired additional shares of Värska Originaal.

  • 21.06.2023

    Partner Martin Tamme and Senior Associate Silvia Urgas successfully represented Swedbank

    TGS Baltic has successfully represented Swedbank regarding a 1.75 MEUR claim presented against Swedbank by the bankruptcy trustee of the former Swedbank client Alberta Trade OÜ.

  • 02.05.2023

    TGS Baltic advised Ignitis Group on EUR 225 million multi-option facility agreement with MUFG Bank

    The energy company Ignitis Group concludes a financing agreement with the European division of the largest Japanese bank MUFG.


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


Key Contacts