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The European Investment Bank (EIB) and Šiaulių bankas have signed two new agreements to support the refurbishment and modernisation of multi-apartment buildings in Lithuania with an additional EUR 110 million under the Jessica II fund, EUR 70 million of which is contributed by Šiaulių bankas.
IFLR1000 (International Financial Law Review) is the guide of world’s leading financial law firms. The guide analysis and ranks more than 120 jurisdictions in the world.
TGS Baltic acted as a legal advisor to AB Klaipedos Nafta for the procurement of a $50 million first-demand bank guarantee to secure the obligations of Klaipedos Nafta under a Charter Agreement (FSRU lease) linked to the construction of a liquefied natural gas (LNG) terminal in Lithuania.
Tark Grunte Sutkienė acted as a legal advisor for AB Klaipedos Nafta with respect to procuring of a USD 50,000,000 first demand bank guarantee for securing obligations of AB Klaipedos Nafta arising from the Charter Agreement (lease of FSRU) concluded in connection with constructions of the LNG Terminal.
TGS Baltic assisted Nordea Bank Finland plc Latvia branch in financing of a large scale renewable energy production project (four biomass combined heat and power plants) in Latvia.
TGS Baltic assisted the Danish bank Vestjysk Bank in financing of a large scale agriculture land acquisition transaction in Latvia (EUR 2 million).
TGS as the lead counsel advised Sportland International Group on the sale of 60% of the shares to leading UK sports retailer Sports Direct International. Sportland International Group and its owners were advised on ca 30MEUR joint venture, refinancing and restructuring project where London Stock Exchange listed Sports Direct International plc acquired 60% of Sportland.
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