Karolina Lapinskaitė

Karolina Lapinskaitė

Senior Associate

Vilnius, Lithuania
  • About

    Karolina Lapinskaitė is a senior associate at TGS Baltic, a financial law expert with over 8 years of experience in the field. Karolina has gained extensive commercial knowledge and experience mainly in the banking, capital markets, and investment funds sectors.

  • Major Projects
    • 30.06.2022

      TGS Baltic advised Valstybės investicinis kapitalas on a EUR 25 million note issue 

      Valstybės investicinis kapitalas UAB issued EUR 25 million 5-year senior unsecured notes under the EUR 400 million Programme. The notes have a nominal value of EUR 1,000 and a yield of 2.826%. 

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    • 09.06.2022

      TGS Baltic advised EPSO-G, which was the first in the Baltics to issue sustainability bonds

      Advised EPSO-G, which was the first in the Baltics to issue sustainability bonds. The project is significant for the entire Baltic capital market, as the interest rate of the bonds was the first linked to compliance with ESG requirements.

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    • 07.06.2022

      TGS Baltic – together with Dentons – advised the Republic of Lithuania on EUR 650 million bond issuance

      Together with the international law firm Dentons, we advised the Republic of Lithuania on issuance of 10-year EUR 650 million bond issue in international capital markets. The issue will pay 2.125 percent annual interest.

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    • 21.04.2022

      TGS Baltic advised I Asset Management in obtaining a license to operate throughout the EU

      We advised the asset management company I Asset Management in obtaining an alternative investment fund manager license under the Alternative Investment Funds Managers Directive (AIFMD).

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    • 18.01.2022

      TGS Baltic advised financial brokerage company Myriad Capital on obtaining a category B licence of a financial brokerage firm

      TGS Baltic advised Myriad Capital, FMĮ on obtaining a category B licence of a financial brokerage firm that will allow the company to trade securities on behalf of clients, provide securities' accounting and custody services.

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    • 17.12.2021

      TGS Baltic advised the shareholders of Medicinos Bankas on the sale of 100% of the bank’s shares

      We advised Konstantinas Karosas and Western Petroleum Limited, the shareholders of Medicinos bankas on the sale of 100% of the bank’s shares to the purchaser AAA Capital.

       

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    • 30.09.2021

      TGS Baltic advised Šiaulių Bankas in approving the EUR 250 mln. Euro Medium Term Note Programme and distributing the first EUR 75 mln. Notes issue under the programme

      We advised Šiaulių Bankas in approving the EUR 250 mln. Euro Medium Term Note Programme and its base prospectus as well as in distributing a EUR 75 mln. Restricted Senior Preferred Notes issue under the programme and the base prospectus. The issued notes will be soon admitted to trading on AB Nasdaq Vilnius in the debt securities trading list.

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    • 16.09.2021

      TGS Baltic advised UAB Valstybės investicinis kapitalas, which invests into the Lithuanian Aid for Business Fund, in approval of EUR 400 million state-guaranteed note program and placement of the inaugural EUR 30 million issue

      TGS Baltic is proud at having had the opportunity to contribute to the successful approval of EUR 400 million state-guaranteed note program of UAB Valstybės investicinis kapitalas, a limited partner of the Lithuanian Aid for Business Fund, and placement of the inaugural EUR 30 million issue under the program. This is the first issue of corporate notes with a state guarantee in the Baltic States.

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    • 10.08.2021

      TGS Baltic advised Orion Securities, the largest non-banking financial brokerage company in Lithuania, on the introduction of a depository service

      We advised Orion Securities, Lithuania’s largest non-banking financial brokerage company, on the introduction of a depository service, which will be provided to investment funds and investment companies operating in Lithuania from 1 October.

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    • 13.07.2021

      TGS Baltic advised the Ministry of Finance of the Republic of Lithuania in EUR 750 million Eurobond issue

      We advised the Ministry of Finance of the Republic of Lithuania in structuring and issuing a Eurobond issue worth EUR 750 million for a period of 30 years. This issue will bear 0.75% annual interest.

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    • 13.07.2021

      TGS Baltic advised the clients on the acquisition of a qualifying shareholding and voting rights in UAB Medicinos bankas

      We advised Mr. Konstantinas Karosas, Western Petroleum Limited and UAB MB valdymas in obtaining a decision of the supervisory authority not to object to the acquisition of the qualifying shareholding and voting rights in UAB Medicinos bankas (the “Bank”).

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    • 28.05.2021

      TGS Baltic advised Akropolis Group on EUR 300 million Eurobond issue

      We advised Akropolis Group, the leading shopping and entertainment centre development and management company in the Baltic States, on EUR 300 million Eurobond issue.

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    • 10.05.2021

      TGS Baltic advised Evernord on the biggest freeze-dried food business in the Baltic States Dehidra’s EUR 4 million bond issue

      We are delighted to contribute to the successful placement of the bonds by Evernord, an investment firm based in Vilnius, Lithuania. The initiator of the EUR 4 million bond issue was the biggest freeze-dried food business in the Baltic States and one of the biggest in Northern Europe, Dehidra.

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    • 14.04.2021

      TGS Baltic advised Evernord Asset Management on establishing a new fund and investing in a real estate object in Riga

      It was our pleasure to advise Evernord Real Estate Fund III, a fund managed by Evernord Asset Management, an investment firm based in Vilnius, Lithuania, on the acquisition of a 65% stake in Novira Plaza, a EUR 55 million worth business centre in Riga.

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    • 16.03.2021

      TGS Baltic advises Maxima Grupė on structuring the Commercial Paper Programme and the EUR 40 million issuance of notes under the programme – the very first transaction under such format in the Baltics

      TGS Baltic has successfully advised Maxima Grupė controlling the largest food retail group in the Baltics in structuring the Commercial Paper Programme and the issuance of EUR 40 million of notes under the programme.

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    • 31.12.2020

      TGS Baltic represented the European Investment Bank on signing an exclusive deal with Šiaulių bankas for the establishment and management of a EUR 200 million renovation fund

      Šiaulių bankas signed an agreement with the European Investment Bank (EIB) for the establishment and management of a EUR 200 million renovation fund for multi-apartment buildings.

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    • 09.10.2020

      TGS Baltic advised Evernord on obtaining a category B licence of a financial brokerage firm

      We advised Evernord – an investment firm based in Vilnius, Lithuania – on obtaining a category B licence of a financial brokerage firm.

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    • 02.10.2020

      TGS Batic advised The Bank of New York Mellon on the largest-ever IPO in the Baltics by Ignitis Group

      TGS Baltic advised The Bank of New York Mellon on implementing AB Ignitis grupė’s initial public offering (IPO) of shares and global depositary receipts representing the shares (GDR), including admitting to trading in GDR on the London Stock Exchange.

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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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    • 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.

  • CV

    Professional career

    Since 2020
    Senior Associate, law firm TGS Baltic
    2019 – 2020
    Associate, law firm TGS Baltic
    2018 – 2019
    Associate, Lewben Investment Management
    2016 – 2018
    Legal Counsel, Šiaulių Bankas
    2013 – 2016
    Lawyer – Contract Specialist, SEB Lietuvoje
    2013
    Lawyer – Contract Specialist, Nordea Bank Finland plc. Lithuanian Branch

    Education

    2015
    Vilnius University, Master in Laws
    2012
    Mykolas Romeris University, Bachelor of Law