The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon

TGS Baltic

Work +370 5 251 4444
Fax +370 5 251 4455
Riga, Tallinn, Tartu, Vilnius

Vidmantas Drizga

Work +370 5 251 4444
TGS Baltic

Work Department

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


Partner, Head of Corporate and Commercial (Lithuania)


  • 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


English, Lithuanian, Russian


  • Member of the Lithuanian Bar Association


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


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 JĹ«ratÄ— KĹ«gytÄ— 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]


Within: TMT

TGS Baltic assisted BITÄ– 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
  • Awards of excessive compensation under Turkish Intellectual and Industrial Property Law

  • EU: High-Level Expert Group on Sustainable Finance delivers early recommendations

    On 13 July 2017, the High-Level Expert Group (" HLEG ") on Sustainable Finance published its interim report (" Interim Report ") setting out concrete steps to create a financial system that supports sustainable investments. This Legal Insight is part of our dedicated newsletter series on the European Capital Markets Union (" CMU "). Background The growing awareness of environmental challenges and sustainability risks as well as the adoption of the UN 2030 Agenda and the conclusion of the Paris Climate Agreement by the EU in 2015 call for an EU strategy on sustainable finance. Establishing an EU strategy on sustainable finance is a priority action of the CMU. In December 2016, the HLEG was established to advise on the development of such an EU strategy . The recently published HLEG Interim Report was recently presented in a public hearing on sustainable finance on 18 July 2017. At the same time, the HLEG presented an online questionnaire on the Interim Report aimed at obtaining targeted feedback until 20 September 2017, which would be reflected in the final report of the HLEG scheduled for publication by the end of 2017.
  • Serbian Competition Authority Steps Up Antritrust Enforcement

    The Serbian Commission for Protection of Competition (the " Commissio n") recently intensified its antitrust activities before the new Administrative Act came into effect. In one week alone the Commission initiated four antitrust cases and conducted two dawn raids. 1. What/who will be on the Commission's radar?
  • First Annual Privacy Shield Review to take place in September 2017

    One of the core principles of the EU-US Privacy Shield (" Privacy Shield ") is its Joint Review mechanism, which obliges the European Commission, the US Department of Commerce and the Federal Trade Commission to jointly review the functioning of the Privacy Shield on an annual basis, together with its national security and law enforcement aspects. The very first Joint Review is scheduled for September 2017. This first review is considered especially important, as it will be the first opportunity for US and EU regulators to closely analyse the operation of the Privacy Shield, address possible concerns about its functioning, and seek to ensure that the Privacy Shield continues to be a valid legal basis for transfers of personal data from the EU to the US.
  • The role of the supervisory board in investor relations

    - Dorda
  • An Introduction to Personal Guarantee

    The economic boom in UAE has resulted in huge developments and a considerable increase in trade. This in turn has led to a rise in transactions which require a fast debt recovery mechanism. According to common practice in the UAE, the most secure and quickest method is the post-dated -  and in some cases undated – cheque. This is often requested by creditors (financial institutions) and sellers, mostly in real estate transactions and trade. The rationale is mostly economic to individuals who are issuing the cheque, and how does personal guarantee play a role? In this Article, we attempt to analyze and overview UAE laws on Personal guarantee.
  • [Legal Update] Proposed Amendment to Reduce Capital Gains Exemptions...

    The Ministry of Strategy and Finance announced its proposed tax law amendments for 2018 on August 2, 2017. This tax alert highlights the proposed change to the capital gains exemption currently available to foreign investors engaged in on-the-market transactions.
  • Constitutional Court's Recent Judgments on Rent in Austria

    The Constitutional Court has recently provided two judgments on 28 June 2017 on the rent control legislation in Austria ruling that the current system for flats complies with Austrian Constitutional Law and the European Convention on Human Rights. The Constitutional Court visibly failed to take the opportunity to initiate a change to the current legislation. Further appeals to the Constitutional Court are likely and worthwhile with the Austrian parties currently involved in their campaigns for the general election in October 2017.
    - Dorda
  • The importance of the effective date in tax laws

    8 Aug 2017 at 04:00 / NEWSPAPER SECTION: BUSINESS

    Law on Pledges over Movable Property in Commercial Transactions No. 6750 is published in the Official Gazette No. 29871 and dated October 28, 2016 and entered into force as of January 1, 2017. Law on Pledges over Movable Property in Commercial Transactions No. 6750 abolished the Commercial Enterprise Pledges Law No. 1447 and dated July 21, 1971 and introduced many new innovations to movable pledges. However, Commercial Enterprise Pledges Law No. 1447 will remain applicable for commercial enterprise pledges that are already established before 1 January 2017.