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TGS Baltic

Work +372 626 4300
Fax +372 626 4306
Riga, Tallinn, Tartu, Vilnius

Dr Jur Leonid Tolstov

Work +372 730 1610
TGS Baltic

Work Department

Real Estate & Construction, Litigation & Dispute Resolution, Corporate/Commercial, Insolvency


Leonid Tolstov advises clients on various matters, such as on transactions, mergers, divisions and liquidation of companies and liability of members of management bodies. He is a strong litigator and has represented clients in various corporate disputes concerning management liability, disputes between shareholders, contractual and consequential claims, non-contractual liability, legal remedies arising from law, property claims etc. Leonid has also represented clients in complex landmark disputes in all court instances including the Supreme Court. He is also a good intermediary and negotiator and is able to reach a compromise satisfying all parties even in the most complex disputes. He is a regular lecturer in non-contractual obligation matters in the University of Tartu and has published articles in both in local and foreign publications, including in scientific journals. His PhD thesis was “Tort liability of the director to company’s creditors”. Leonid Tolstov is a Member of the Supervisory Board of Estiko, one of the leading real estate developers in Estonia.


2017 to date Partner, Attorney-at-Law, Law Firm TGS Baltic (formerly VARUL)
2010–2017 Partner, Law Firm VARUL
2004–2010 Senior Associate, Law Firm VARUL
1999–2004 Associate, Law Firm VARUL


Estonian, English, German, Russian


International Bar Association since 2013
Commercial Law Commission of the Estonian Bar Association 2013–2017
Estonian Bar Association since 2000


2015 University of Tartu, Faculty of Law, PhD
2000 University of Tartu, Faculty of Law, BA


Commercial, corporate and M&A

Within: Commercial, corporate and M&A

At TGS Baltic, a notable mandate for the M&A team was advising pharmacy chain Euroapteek on its acquisition of Ülikooli Apteek, while the corporate team was involved in the restructuring of MĂžller Real Estate Baltic. Leonid Tolstov heads the firm's corporate practice, while newly promoted partners Kadri Kallas and Sander KĂ€rson lead in M&A work. Other key clients for the firm include Cybernetica, Merck Sharp & Dohme, and Talot, which the firm advised on its €10.5m acquisition of Lasbet.

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