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TGS Baltic squashed the damages claim of VAS Privatizācijas aģentūra against the shareholders of AS Grindeks in amount of EUR 1,903,294.80 allegedly caused by failure to make mandatory buy back offer in the appellate instance court.
TGS Baltic's team led by partner Kadri Kallas advised Chaga, an Estonian producer of organic food supplements, on its investment round on Funderbeam, a funding and trading platform which enables small investors to buy and sell equity stakes in private companies.
TGS Baltic assisted Apranga APB with establishing of its subsidiary Apranga HLV SIA, which will operate Zara Home stores in Latvia. The first Zara Home store opening in Latvia is expected in the second half of 2019 in the shopping park Alfa in Riga.
On 4 April 2019, one of the largest, most contemporary and technologically advanced shopping and leisure malls in Latvia - Akropole opened its doors.
Akropole is one of the largest construction projects in Latvia in the recent years, with the total investments in the implementation of the project reaching slightly below 180 million euros. The total area of the shopping mall and the office building is 98,000 square meters, 90,000 square meters whereof are allocated for retail, while the rest – for office premises.
TGS Baltic's team led by partner Sander Kärson advised Ares Management, a global alternative asset manager focused on alternative strategies, on Estonian law matters on 120 million USD financing agreement with Teligent, Inc., a US Nasdaq listed specialty generic pharmaceutical company active in the United States, Canada and Estonia.
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