Dalia Augaitė

Dalia Augaitė

Vilnius, Lithuania


  • About

    Dalia Augaitė, Partner at TGS Baltic, is an expert in capital markets, unit-linked life insurance and financial law. With almost twenty years of legal experience, Dalia specialises in the capital markets sector, advises clients on issuance and listing of bonds, securitisation, development of unit-linked life insurance products and other capital markets and investment issues.

    In the recent years, Dalia has advised insurance companies and insurance intermediaries on their operational models in Lithuania, reviewing their business model structures, policies, service provision strategies for compliance with Lithuanian legal requirements, has advised insurance intermediaries on commenting on the appropriate transposition of the provisions of the Insurance Distribution Directive into the Law on Insurance, has advised insurance companies in drafting their conflict of interest policies, has advised the Ministry of Finance in the preparation of the draft Law on Securitisation and Covered Bonds and recommendations for the Sustainable (Green) Finance Action Plan for Lithuania and suggestions for the improvement of the Lithuanian investment environment for institutional investors.

  • Major Projects
    • 14.02.2023

      The largest environmental and waste management group in the Baltics, Eco Baltia, is entering the bond market: TGS Baltic advised the client on its inaugural 3-year bond issue

      Baltic team of Vidmantas Drizga, Dalia Augaitė, Inese Hazenfusa, and Mārtiņš Galzons advised Eco Baltia (managed by private capital fund INVL Baltic Sea Growth Fund) on entering the bond market. The client issued 8 million EUR of its inaugural 3-year bonds.

    • 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.

    • 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.
  • CV

    Professional career

    Since 2023
    Partner, law firm TGS Baltic
    2022 – 2023
    Associate Partner, law firm TGS Baltic
    2016 – 2022
    Senior Associate, at law firm Sorainen
    2010 – 2016
    Head of Investment and Insurance Law Unit, SEB Bank
    2007 – 2008
    Head of Business Law Unit, SEB Bank
    2005 – 2007
    Associate, SEB Bank
    2003 – 2005
    Associate, Swedbank


    Practical trainings, Conflicts of interest and provision of investment services, Lithuania
    Back Office Settlement, course certificate, Luxemburg
    Cross Border Security, course certificate, Luxemburg
    Vienna Convention on the International Sales of Goods, course certificate, Denmark
    European Competition Law, course certificate, Denmark
    Columbia Summer Program in American Law, course certificate, The Nederland’s
    1998 – 2003
    Vilnius University, Faculty of Law, Master of Law