The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

TGS Baltic

QUADRUM BUSINESS CITY, EAST BUILDING 8TH FLOOR, KONSTITUCIJOS AVE. 21A, 08130 VILNIUS, LITHUANIA
Tel:
Work +370 5 251 4444
Fax:
Fax +370 5 251 4455
Email:
Web:
www.tgsbaltic.com
Riga, Tallinn, Tartu, Vilnius

Vidmantas Drizga

Tel:
Work +370 5 251 4444
Email:
TGS Baltic

Work Department

Practices:
Private Equity & Venture Capital / Capital Markets / Corporate Law / Restructuring & Insolvency / Commercial Law / Shareholders Disputes

Position

Partner, Head of Corporate and Commercial (Lithuania)

Career

  • Since 2003 Partner at the law firm Sutkienė, Pilkauskas & Partners (now TARK GRUNTE SUTKIENE)
  • 1999 – 2004 Head of Enforcement Department of the Securities Commission of the Republic of Lithuania
  • 1996 – 1999 senior specialist at Enforcement Department of the Securities Commission of the Republic of Lithuania

Languages

English, Lithuanian, Russian

Member

  • Member of the Lithuanian Bar Association

Education

  • 1999 Vilnius University, Faculty of Law (Master of Law)


Lithuania

Banking, finance and capital markets

Within: Banking, finance and capital markets

TGS Baltic has been assisting the European Investment Bank with financial instruments and the development of a holding fund. Practice head Vilius Bernatonis advised ING Bank, as lead arranger, and a syndicate of international lenders on refinancing and increasing a financing facility made available to Indorama Ventures for its acquisition of CEPSA Quimica. Vidmantas Drizga heads the capital markets group and associate partner Jūratė Kūgytė is another experienced figure.

[back to top]

Commercial, corporate and M&A

Within: Commercial, corporate and M&A

TGS Baltic’s M&A practice head Marius Matonis recently assisted Lietuvos Energija with acquiring Eurakras and Tuuleenergia. Corporate team head Vidmantas Drizga is also recommended along with senior associate Aurimas Pauliukevičius and associate partners Deimantė Korsakaitė, Odeta Tručinskaitė-Šiušienė and Dalia Tamašauskaitė- Žilienė. Gediminas Lisauskas joined KPMG Law Firm.

[back to top]

Intellectual property

Within: Intellectual property

TGS Baltic assisted BBC subsidiaries with various matters for its television production of War & Peace, including copyrighting the project. Lina Darulienė handles IP disputes and Vidmantas Drizga took over as practice head from Gediminas Lisauskas, who is now with KPMG Law Firm. Ramūnas Birštonas joined Law Firm Raulynaitis, Žemkauskiene ir partneriai.

[back to top]

Shipping and transport

Within: Shipping and transport

TGS Baltic is assisting State Enterprise Lithuanian Airports with a concession to transfer the responsibilities of three Lithuanian airports to a private party. Klaipėdos nafta and TransCAT Baltic are also clients. Vidmantas Drizga now heads the practice following Iraida Žogaitė’s departure.

[back to top]

TMT

Within: TMT

TGS Baltic assisted BITĖ Lietuva with implementing the new EU Directive for roaming regulations on mobile networks and is also representing the company in a dispute with the Communications Regulatory Authority concerning behavioural allegations. GlaxoSmithKline is another client. Vidmantas Drizga now heads the practice after Gediminas Lisauskas moved to KPMG Law Firm.

[back to top]


Back to index

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • EU and Malta Securitisation Market

    Following the US subprime crisis that began in 2007, the notion of securitisation has suffered from bad press that tainted its reputation. However, securitisation is still considered as an essential component to continued economic recovery and for well-functioning financial markets.
  • PATENTABILITY OF SOFTWARE IN SINGAPORE

     leading_lines_newsletter_dec_2017
  • DOJ Makes the Pilot Program Permanent and Announces FCPA Corporate Enforcement Policy

    The US Department of Justice ("DOJ") had announced a pilot program [1] ("Pilot Program") on April 5, 2016, which created new mitigation opportunities for companies that (i) voluntarily self-disclosed, (ii) cooperated fully, and (iii) took timely and appropriate remedial actions in FCPA matters that fell within the Fraud Section's mandate. The Pilot Program was to remain in effect for 1 year, starting from the day of its announcement. On March 10, 2017, the Acting Assistant Attorney General, Kenneth A. Blanco, announced in a speech that the Pilot Program would continue in full force until the DOJ reached a final decision on whether to extend it, and what revisions, if any, should be made to it. [2] The evaluation period of the Pilot Program ended on November 29, 2017, when Deputy Attorney General Rod Rosenstein announced the new FCPA Enforcement Policy ("Policy"), which effectively makes the Pilot Program permanent with some revisions. According to Deputy Attorney General Rosenstein, the FCPA Unit received 30 voluntary disclosures during the time period that the Pilot Program was in force, as opposed to 18 voluntary disclosures that were received during the previous 18-month period. The Policy has been incorporated into the United States Attorneys' Manual in order to "be readily understood and easily applied by busy prosecutors" as opposed to being promulgated in memorandum format. [3]
  • Effects of State of Emergency Law in Turkey On Prison Sentences Under Criminal Execution Laws

    With the Statutory Decree No.671 dated August 17, 2016, and the recent changes with Regulations No.29987 and No.29824 on Regulation Regarding an Amendment on Placement to Open Punishment Execution Facilities effecting execution of the Law No.5275 on Punishment Execution Law has introduced significant changes.
  • [SOUTH KOREA] Supreme Court Affirms Lower Decision, Finding Invalid the Regulations on Foreign ...

    Supreme Court Affirms Lower Court Decision, Finding Invalid the Regulations on Foreign Exchange Report on Incorporation of Offshore Subsidiary by an Offshore Company
  • Disputes on Health-Related Commercial Advertisements under Consumer Law

    Introduction
  • [SOUTH KOREA] New Administration’s Key Environmental Policies

    To step forward as an environment-friendly government, the Moon Jae-in Administration has announced its key environmental policies, including improving safety in chemical substances and household chemical products, and reinforcing implementation measures of the Paris Agreement.  Under the “sustainable development” paradigm, the new administration will continually promote new regulations to protect the environment and strengthen its enforcement of environmental regulations.
  • [SOUTH KOREA] Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an ...

    Lower Court Issues Favorable Decision for 27,000 KIA Motors Employees in an Ordinary Wage Case 
  • SyCipLaw TMT Bulletin: “More Philippine Data Privacy Act: Are you Ready for Phase II?”

    Controllers and processors who have completed Phase I registration with the National Privacy Commission (NPC) will now have to gear up for Phase II. Phase II involves providing the NPC certain information on the organization’s compliance with the Data Privacy Act (DPA).
  • Crowdfunding - The Path towards a regulatory Framework

      The importance and feasibility of crowdfunding platforms is increasing in stature and importance for current and future the entrepreneurs. Malta has recently acceded to the rising trend by creating its first crowdfunding platform, ZAAR, a reward-based crowdfunding platform who has recently been awarded with the first prize in its section at the National Enterprise Support Awards 2016 also as well as being one of the local projects that have represented Malta at the European Enterprise Promotion Awards 2016, held in Slovakia. Nonetheless start-ups based in Malta with global aspirations often rely on international platforms. An increase in interest has emerged amongst the art and culture community as well in social entrepreneurship projects. Crowdfunding in Malta is still at the early stages of development. Despite this, there are endless opportunities for local entrepreneurs and the local business community. Research has shown that through international crowdfunding platforms, monies have been raised for projects in the field of gaming consoles, apps and software as well as for artistic projects.  Testimony to this is a new game design studio in Malta, that launched its first game, Politicks, raised financing through the crowdfunding platform Indiegogo.