Nauris Grigals


Riga, Latvia

+371 67889999

Latvian, English, Russian


  • Assisted Belgian investment group Straco with the acquisition of the horticulture company AS Greenyard Horticulture Latvia from Greenyard as a part of acquisition of its horticulture segment.

  • Provided legal assistance to the majority shareholders of SIA S.B.C. in sale of their shares to the minority shareholder the Norwegian company Contiga Holding AS

  • Advising IK Investment Partners in acquisition of Katsastus Group’s operations in the Baltics, Sweden and Poland.

  • Advised Bergs Timber in acquiring Norvik’s operations in the Baltics and the United Kingdom.
  • Advised the Ministry of Economics on acquisition of 16,05% of the shares of the natural gas transmission and storage system operator AS Conexus Baltic Grid by the Latvian electricity transmission system operator AS Augstsprieguma tīkls from SIA ITERA Latvija.
  • Advised the Ministry of Economics on the acquisition of 18.31% of the shares of the natural gas transmission and storage system operator AS Conexus Baltic Grid by the Latvian electricity transmission system operator AS Augstsprieguma tīkls from the German energy company Uniper Ruhrgas International GmbH. 

  • TGS Baltic ensured legal assistance to AS DNB bank group during take-over of the pledged assets over EUR 15 million in value.

  • Advised Fuchs Petrolub SE acquiring Statoil Fuel & Retail Lubricants on Latvian law aspects of its EUR 74 million acquisition of Statoil Fuel & Retail Lubricants business from Couche-Tard Luxembourg S.A.R.L.(2015);

  • Advised Netherlands-based ACTA, i.e. the Dutch Holding company of Kiwa and Shield Group International, acquiring Inspecta Group (2015);

  • Assists insolvent BAB bankas Snoras in selling of the former headquarters of AS Latvijas Krājbanka at 15 Jāņa Daliņa Street, Riga, and historical banking building in Doma Square at 23 Pils Street, Latvia, via auctions organised by Colliers International. Total anticipated sales value exceeding MEUR 20;

  • Assisted the shareholders of a Latvian company – market leader in the field of producing and installing steel constructions – SIA S.B.C., in selling 49% share and commencing co-operation with a Norwegian investor Contiga Holding AS, making significant investments in SIA S.B.C. and becoming its shareholder, with total transaction value MEUR 7.5 (2013);

  • Represented the owner of Alfa Shopping Mall (managed by Linstow Center Management) in several civil cases and out-of-court negotiations with several insurance companies and lessees of the Shopping Mall premises claiming recourse compensation claims of loss caused to the lessees of the Shopping Mall Alfa during the widely publicized fire event on July 2009;

  • Advised AS Aldaris (Carlsberg group) in a process of layoff of employees, allocating more than MEUR 1.4 for different support programmes and compensations. Layoff to restructuring of company’s operations in Latvia relocating production of plastic beer bottles to Carlsberg subsidiaries in Lithuania and Estonia and to other countries and continuing production in Latvia only of high quality beer production (exclusive brands of beer) and innovations – plastic bottle beer production via modernized Aldaris historic brewery by investing MEUR 3 into the most technologically advanced equipment in the Baltics.


  • Advised the investors into the real estate development companies in the center of Riga (approx. 1,3 ha) and a region of Riga (approx. 32 ha). Structuring of shareholder loans into several companies, dilution of non-contributing shareholders and repayment of the loans to a credit institution. MEUR 20. (2013-2014);

  • Developed solutions for attraction of additional investments to Euro Auto (Renault, Dacia and Renault Trucks dealer and authorized Opel after sales services provider) for development of its business and regulating relations of investors; MEUR 3. (2013);

  • Advised Knowledgeprice and Mobassurance group companies and their shareholders receiving financing from the investment fund Practica Seed Capital for early stage development of high-potential business ideas and later stage expansion of established businesses. (2013);

  • Assisted AS Pro Kapital Grupp in the IPO of its shares in Latvia, Estonia and Lithuania and listing in the Tallinn Stock Exchange/NASDAQ OMX. Cancelled due to a lack of demand for shares at the proposed price level. (2012);

  • Assisted AS Eco Baltia group in the IPO, listing in the Warsaw Stock Exchange and dual listing in the Riga Stock Exchange/Nasdaq OMX. Suspended prior to announcement of the final offer price (2012);

  • Ensured split of AS Latvijas Biznesa Banka (currently Bank M2M Europe) business by two simultaneous transfers of parts of a business to different acquirers – a good business to Eesti Krediidipank and a bad part of busines to Radikāls Trests – at time novel transaction in Latvia and first such type of transaction in Latvia used for transfer of business by privately owned transaction parties (2011).


  • The Latvian Real Estate Market - Legal Challenges and Perspectives, CEE Legal Matters, April 2016
  • Nauris Grigals and Madara Melkerte on the insolvency of a legal entity, "Dienas Bizness", "Saldo" - July 2013
  • Nauris Grigals comments on the possible extension of the notary function, „Dienas Bizness” - January 2013
  • Nauris Grigals on settlement process of commercial dispute, "Dienas Bizness" - May 2012
  • Nauris Grigals on the initiated insolvency process of Baltijas aviācijas sistemas, "Dienas Bizness" - March 2012
  • Nauris Grigals on possible out of court legal protection proceedings institute exclusion from the Insolvency Law, "Dienas Bizness" - February 2012
  • Nauris Grigals on payment of debt of the previous tenant or owner, “Dienas Bizness” - January 2012
  • Nauris Grigals on possible solutions how to shorten administrative court proceedings, “Dienas Bizness” - January 2012
  • Linda Strause and Nauris Grigals on Real Estate Law in Latvia, "The International Comparative Legal Guide to: Real Estate 2011" - March 2011


  • Latvian Bar Association (admitted 2006)


  • Since 2019 Partner at TGS Baltic
  • Since 2018 Associate Partner at TGS Baltic
  • 2009 - 2018 Senior Associate at TGS Baltic (former TARK GRUNTE SUTKIENE and Grunte & Cers)
  • 2008 - 2009 Owner of an individual practice
  • 2005 - 2007 Associate at VISA VĒRTE
  • 2004 - 2005 Judge Assistant at Administrative District Court


  • 2007 Department of Law, University of Latvia (Mag.iur.)