Sergei Jegorov

TGS Baltic advised Hawesko on entering into a strategic partnership with the Dunker Group

TGS Baltic represented the stock exchange listed premium wines trading group Hawesko who is entering into a strategic partnership with the Dunker Group, the leading wine and spirits wholesale trading group in the Baltics, and in this context is acquiring 50 percent of the shares in Dunker Group OÜ. 

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.

TGS Baltic advised the shareholders of one of the oldest and most well-known furniture manufacturers Standard on the sale of their shares to a strategic investor Green Estonia.

TGS Baltic advised the client during the entire transaction, from assisting the clients during the due diligence exercise (conducted by the Buyer) until negotiation and finalisation of the transaction documents.

TGS Baltic advised the Estonian Museum Association on developing the Museum Card service

On 11 April 2023, the foundation Muuseumikaart began operating, providing culture enthusiasts with a simpler way to visit various museums located in Estonia. Purchasers of the innovative Museum Card can visit over 100 museums and 500 exhibitions an unlimited number of times within a year.

TGS Baltic advised the founder of SpiderFoot, a best-in-class provider of open-source intelligence, attack surface management and digital investigations

TGS Baltic advised on the sale of SpiderFoot to Intel 471 Inc., the premier provider of cybercrime intelligence for leading security, fraud, and intelligence teams in the world.

TGS Baltic advised LHV Pension Funds on the acquisition of the first office building in Estonia designed according to the Green Building concept

TGS Baltic experts advised LHV Varahaldus AS which manages LHV Pension Funds on acquiring the registered immovable located at Sõpruse pst 157, Tallinn, Estonia.

Varahalduse Kinnisvarainvesteering 004 OÜ, which belongs to LHV Varahaldus AS, entered into a contract with OÜ Sõpruse 157 to acquire the registered immovable located at Sõpruse pst 157. The owner of Varahalduse Kinnisvarainvesteering 004 OÜ is LHV Group, which is listed on the Tallinn Stock Exchange, through LHV Varahaldus.

TGS Baltic advised ZAKA Startups who led the Alpha AR investment round

TGS Baltic advised ZAKA Startups on leading a EUR 728,000 investment round in Alpha AR OÜ. Alpha AR plans to use the raised financing to develop its 3D-modelling platform.

TGS Baltic advised the venture capital fund OTB Ventures as the lead investor in Fractory’s 7.5 MEUR Series A round

The transaction is the first investment of the venture capital fund OTB Ventures in Estonia and is also one of the largest early-stage capital raisings in Estonia. OTB Ventures operates mainly in Central and Eastern Europe and focuses on early-stage high-tech start-ups. With the investment, the start-up Fractory, which is developing a cloud-based metal work ordering platform, plans to grow its team and enter new markets in the USA, France, and Italy.

We advised FitSphere on raising seed-round investment from various investors

TGS Baltic drafted the relevant transaction documents and advised the client on the whole process from negotiating the shareholders’ agreement with the lead investor to finalising the capital raising.

TGS Baltic advised Mubadala Investment Company on 14 million dollar investment in MEL Science

MEL Science has raised USD 14 million in Series B funding from investors to support expansion of its subscription-based science education business.

Advising one of the biggest fuel retail undertakings in Estonia Circle K potential unlawful state aid deriving from the statistics trading system enforced by the Estonian Liquid Fuel Act.

Advising one of the biggest fuel retail undertakings in Estonia Circle K in filing a complaint to the European Commission with regard to potential unlawful state aid deriving from the statistics trading system enforced by the Estonian Liquid Fuel Act.

We advised Nasdaq-listed fintech company Opera on the acquisition of Pocosys

TGS Baltic advised the Opera group, which is listed on stock exchange Nasdaq in the USA, on entry into a contract of purchase for the acquisition of fintech company Pocosys and its sister company, a licensed payment institution, Pocopay from Poco Holding where Indrek Neivelt has a large shareholding.

Baltic Ground Services obtained an excise warehouse activity licence and enters the Estonian market

The firm's lawyers advised Baltic Ground Services EE, a subsidiary of Lithuanian capital-based company Baltic Ground Services UAB operating in the aviation sector, in obtaining an excise warehouse activity licence for the sale of JET-A1 fuel in Tallinn Airport.

Representing Tallink Group before European Commission in connection with alleged state aid resulting from tax benefits

The firm's competition and tax law team, led by partner Helmut Pikmets, represented the Tallink Group in a procedure conducted by the European Commission in connection with possible illegal state aid resulting from legislation on excise duty and deposit on packaging.

Representing Amalfi in litigation with Tax and Customs Board

The firm’s tax team, led by partner Helmut Pikmets, successfully represented Amalfi in a complex legal dispute with the Tax Board. It was the first case in taxation practice when the Tax Board imposed income tax on Amalfi, regarding an immovable in the possession of a shareholder as dividends paid to the shareholder.

Representing Nordea Bank Finland Plc in litigation against tax authority

The firm's tax team, led by partner Helmut Pikmets, successfully advised Nordea Bank Finland Plc Estonia branch office in court regarding a dispute with the Tax and Customs Board. The case concerned legal issues related to foreign companies' permanent Estonian branches taxation and corresponding law amendments which entered into force in 2010.

Advising Tallink Group on the legislative proceeding of the draft Maritime Safety Act in the Parliament of Estonia

The firm's tax and competition teams, under the leadership of Helmut Pikmets, advised the Tallink Group on the legislative proceeding of the draft Maritime Safety Act in the Parliament of Estonia (Riigikogu).

Nordea Bank Finland Plc Estonian branch takes its dispute with the tax authority to court

The firm's tax team led by partner Helmut Pikmets advised Nordea Bank Finland Plc Estonian Branch (Nordea) in constitutional review proceedings at the Office of the Chancellor of Justice. The case involves legal issues relating to the taxation of branches of foreign companies who have permanent establishment in Estonia.

Representing Bauhof Group in the Supreme Court

Representing one of the largest DIY retail chain in Estonia, Bauhof Group, in the Supreme Court regarding taxations of management fees.

Advising Turkish Airlines regarding the establishment of Estonian and Lithuanian branches

Advising Turkish Airlines on tax matters regarding the establishment of its Estonian and Lithuanian branches, including cross-border employment taxation issues. The firm also analysed the application of the Estonian-Turkish tax convention.

Advising Järve Tootjad on selling its agricultural land portfolio

Advising Järve Tootjad on selling its agricultural land portfolio. The case involves corporate and tax solutions for the exit as well as obtaining some of the property from the State, which had a preemptive right.

Advising Estectus on issues related to taxation of acquisition of real estate with VAT

Advising a real estate company Estectus, which belongs to SEB group, on issues related to taxation of acquisition of real estate with VAT.

Representing a fuel retailer in the Supreme Court

Representing Kõrveküla Petrol Station in the Supreme Court and over 20 fuel retailers in the administrative court in a dispute against the Estonian Tax and Customs Board regarding tax collateral stipulated in the Liquid Fuel Act, the many provisions of which were declared unconstitutional by the Supreme Court.

Representing Tallink Group in the Supreme Court and the European Commission

Representing the largest passenger transport group in the Baltics, Tallink Group, in the Supreme Court and the European Commission concerning excise duties on packaging and potentially unlawful state aid arising from the packaging deposit act. 

Representing Baltic Ground Services in Administrative Court

Representing Baltic Ground Services in Administrative Court regarding excise warehouse activity licence registration in order to sell JET-A1 fuel in Tallinn Airport.