Shareholders Disputes

M&A and Corporate Shareholders Disputes

TGS Baltic is "a top pick for management board liability matters".

We understand that even small-scale shareholder disputes, if not managed properly, often disrupt a business’s operations and threaten its well-being. So, while we favor and work to craft creative solutions for problems, and to resolve disputes through negotiations, we are ready to shift to aggressive litigation when that is the client’s best option.

Our experience in shareholder matters is broad. We advise on the initiation of shareholder agreements and handle disputes from the initial stages through trial up to the courts of highest instances. Our record includes both high-profile shareholder litigation at the largest corporations in the Baltics and private matters resolved through various forms of out-of-court settlements.

Major Deals

  • 13.10.2023

    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. 

  • 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.

  • 16.07.2021

    We advised Nõo Lihatööstus on repurchase of 29% holding

    TGS Baltic’s partners Leonid Tolstov, Kadri Kallas, Helmut Pikmets and associate Maris Vutt advised Nõo Lihatööstus – Estonia’s largest enterprise operated with local capital – on the repurchase of a 29% holding from a competitor with whom they have been engaged in several disputes over the years.

  • 15.05.2019

    Advising and representing a client and its CEO and 50% shareholder in a number of civil cases

    TGS Baltic is advising and representing a client as well as its CEO and 50% shareholder in a number of civil cases initiated by the other 50% shareholder. They include a case regarding unfair competition and protection of the company’s confidential information, a case regarding the buy-out of shares, a case for damages, a case for examination of the company’s activities, etc.

Awards & Recognition

  • Chambers and Partners

    "Our lawyer finds time for us – if the matter is serious or urgent the point is always taken very quickly." 

    Chambers and Partners
  • Chambers and Partners

    The team is "available, hard-working, fast and efficient“.

    Chambers and Partners
  • Chambers and Partners

    Vidmantas Drizga is noted for his expertise in shareholders disputes and securities mandates. He is described as "absolutely the best adviser for shareholder issues. He is a visible presence in the market."

    Chambers and Partners


Key Contacts