Augustinas Razumas

Augustinas Razumas

Senior Associate
Vilnius, Lithuania

Industries

  • About

    Augustinas Razumas has 10 years of legal experience and specializes in the areas of energy, corporate, competition, EU law, and other related fields. Augustinas has two master’s degrees in law and economics from Vilnius University.

    Augustinas is the author of scientific and other publications, most of which are related to energy and competition law. Prior to joining TGS Baltic, Augustinas worked for several years in another leading law firm in the Baltics and in a company of strategic importance, Lietuvos energija (currently Lietuvos energijos gamyba), where he acquired valuable experience in energy, corporate, and competition law.

    In his practice, Augustinas has advised companies such as Hitachi, General Electric, Statoil Fuel & Retail, Orlen Lietuva, Lietuvos energija, Fortum, Danpower, Kauno termofikacijos elektrinė, Dujotekana, Bomin Linde LNG, Klaipėdos nafta, Vilniaus šilumos tinklai and many others.

    Currently, Augustinas provides consultations to both Lithuanian and foreign public and private capital companies on commercial, energy, public law issues, as well as represents the companies in negotiations and before courts.

  • Major Projects
    • 20.05.2019

      Transfer of Vilnius City heating infrastructure

      In 2002, AB Vilniaus Šilumos Tinklai leased the heat and electricity production infrastructure of Vilnius City to UAB Vilniaus Energija for a period of 15 years. The leased infrastructure consisted of several power plants and all supporting infrastructure.

       

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    • 20.05.2019

      TGS Baltic represents the Ministry of Energy of the Republic of Lithuania

      In January 2016, Veolia Environnement S.A. (a company based in France) and other claimants brought a claim against the Republic of Lithuania in the International Centre for Settlement of Investment Disputes (ICSID) in Washington, D. C. This is only the second time when the Republic of Lithuania has been brought to the ICSID as a defendant.

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    • 20.05.2019

      TGS Baltic advises on implementation of projects on modernization of the district heating sector in Vilnius and Kaunas

      TGS Baltic continues to advise Lietuvos energija, UAB, a group of state-controlled energy companies, which is one of the largest in the Baltic States, on the implementation of the projects of modernization of the district heating sector in Vilnius and Kaunas, which are recognized as economic projects of national significance to the Republic of Lithuania. 

       

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    • 01.07.2018

      Advised UAB Lietuvos Energija in approving the medium term note program

      TGS Baltic advised UAB Lietuvos Energija in approving the medium-term note program, which has been upsized to EUR 1.5 billion and issuing a EUR 300 million bond issue under the program. Since 11 July 2018, the placed bonds have been admitted to trading on the Luxembourg Stock Exchange and AB Nasdaq Vilnius. It is one of the largest transactions of this kind in the Baltic States.

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    • Representing the Republic of Lithuania

      Representing the Republic of Lithuania in the arbitration proceedings pending before the International Centre for Settlement of Investment Disputes in Washington (ICSID) in accordance with the statement of claim filed by the claimant Veolia Environnement S.A. et alli against the Republic of Lithuania.

    • Providing consultations to UAB Lietuvos energija

      Providing consultations to Lietuvos energija, UAB on issues related to projects of combined heat and power plants carried out in Vilnius and Kaunas, on various other legal issues.

    • Represented and provided legal consultations to major chains of fuel stations

      Represented and provided legal consultations to major chains of fuel stations operating in Lithuania on state regulatory issues.

    • Advised Hitachi on the implementation of the Visaginas nuclear power plant project in Lithuania

    • Prepared and submitted a complaint to the European Commission

      Prepared and submitted a complaint to the European Commission on behalf of major electricity and thermal energy producer on the conformity of state regulation issues to EU legal requirements.

    • Provided legal services to a major company in the business of maintenance of multi-apartment houses

      Provided legal services to a major company in the business of maintenance of multi-apartment houses on various legal issues and prepared a complaint to the European Commission related to the evaluation of the conformity of legal acts of the Republic of Lithuania to EU legal rules.

    • Advised and provided legal opinions to General Electric and its branch in Lithuania

      Advised and provided legal opinions to General Electric and its branch in Lithuania on various legal issues related to construction and supervision of energy objects, certification of employees.

    • Advised and provided opinions to Lietuvos oro uostai

      Advised and provided opinions to Lietuvos oro uostai, VĮ on illegal state aid and other related issues.

    • Representing one of the largest raw material trade companies in the world

      Representing one of the largest raw material trade companies in the world on issues related to the market of natural gas and other energy resources, import and export of such products, other related regulatory issues.

  • CV

    Professional career

    Since 2017
    Senior Associate, Attorney at Law, law firm TGS Baltic
    2016 – 2017
    Associate, Attorney at Law, law firm TGS Baltic
    2014 – 2016
    Associate, law firm Sorainen
    2010 – 2014
    Senior Lawyer, Lietuvos energijos gamyba, AB
    2007 – 2010
    Senior Specialist, State Consumer Rights Protection Authority

    Education

    2011
    Vilnius University, Faculty of Economics, Master of Economics
    2007
    Vilnius University, Faculty of Law, Master of Law

    Membership

    Lithuanian Bar Association
  • Publications
    • Legal aspects of EU energy regulation - The Consolidation of Energy Law across Europe. 2nd edition. Lithuanian chapter (2016, Oxford University Press)