Firm Profile > TGS Baltic > Vilnius, Lithuania

TGS Baltic
QUADRUM BUSINESS CITY
EAST BUILDING 8TH FLOOR
KONSTITUCIJOS AVE. 21A, 08130 VILNIUS
Lithuania

Banking, finance and capital markets Tier 1

TGS Baltic is a leading name for capital markets work, as is evidenced by it recently acting for Lithuania’s Ministry of Finance on its issuance of €2bn worth of Eurobonds in connection with the Covid 19 pandemic. Other prominent areas of activity included acquisition finance and property finance transactions, as well as fintech-related matters. Žygimantas Stankevičius formerly worked as head of legal at Luminor (Lithuania’s largest bank), making him well-placed to handle regulatory work. He jointly leads the team with Vidmantas Drizga, who is an expert in capital markets transactions, derivatives and insolvencies. In addition to acting for major players in the domestic market, the firm’s client base also consists of international names such as Credit Suisse and Revolut. Vilius Bernatonis and associate partner Mantas Gofmanas are also recommended.

Practice head(s):

Žygimantas Stankevičius; Vidmantas Drizga

Other key lawyers:

Vilius Bernatonis; Mantas Gofmanas

Testimonials

‘An exceptional track record in capital markets in the Baltics, client business-oriented mindset and efficiency, as well as excellent collaboration. During the whole process, they not only provided quality support when needed but also acted proactively by offering useful insights and proposed unconventional solutions to arising issues.’

‘Both partners Vidmantas Drizga and associate partner Mantas Gofmanas are top professionals able not only to advise on legal issues, but also to guide the business on complex strategic matters. They are agile, straight to the point and definitely very reliable. For these reasons we usually choose them for our assignments and look forward to collaborating with them in the future.’

‘All team members presented high professional and ethical standards during all our projects.’

‘Profound knowledge of EU regulations, extensive experience of financial and investment sector matters.’

‘Highly experienced lawyers, that do have extensive practice and foresee the likely results of the negotiations, as well as transactions.’

‘Team strengths: understanding of capital market participants needs (what are practical challenges to implement increasing requirements from regulatory bodies; how are functioning capital markets; different stakeholders interests), track record, team.’

‘Good understanding of capital markets. Good understanding of investment banking business and processes. Personal approach. Collaboration with regulatory bodies.’

Key clients

The Ministry of Finance of the Republic of Lithuania

AUGA Group, AB

Avia Solutions Group, PLC

European Investment Bank, UAB

Ignitis Group, AB

Šiaulių bankas, AB

Medicinos bankas, UAB

Luminor bank, AS

Opera Limited

Revolut bank, UAB

Voluto, UAB

Maneuver LT, UAB

European Merchant Bank, UAB

MBank, SA

Credit Suisse Group, AG

Evernord, UAB

Commercial, corporate and M&A Tier 1

At TGS BalticMarius Matonis has been instrumental in some of the biggest M&A and private equity transactions in the market, and counts major private equity house Baltcap as a key client. Agnius Pilipavičius has broad expertise in corporate and commercial law, with notable strengths in restructurings, corporate governance, shareholder disputes and securities matters. Matonis and Pilipavičius co-head the practice with Dalia Tamašauskaitė-Žilienė, who is experienced in matters involving highly regulated sectors, such as banking, energy and insurance. Another name to note is Vidmantas Drizga, who is a highly respected name in the manufacturing sector. Aurimas Pauliukevičius is a noted expert in private equity and venture capital transactions.

Practice head(s):

Marius Matonis; Agnius Pilipavičius; Dalia Tamašauskaitė-Žilienė

Other key lawyers:

Vidmantas Drizga; Aurimas Pauliukevičius

Testimonials

‘Easy to deal with, highly professional attitude, focus on problem-solving (very efficient in the latter).’

‘Great experience, versatile knowledge, flexible rate.’

‘Specialists are helpful, flexible, responsible in comparison with others – offer various solutions, look for a way out of the situation.’

‘TGS team is well-staffed, they have lawyers specialising in all the fields we needed.’

‘Our main contact in TGS is Agnius Pilipavičius . He has very good expertise in corporate law, that is proved not only by our experience we had last year, but also by our earlier cooperation. Agnius Pilipavičius has a good business mindset, strategic approach especially when it comes to the strategic business development issues.’

‘Consistently high-level advice from all departments of this law firm, including corporate, commercial, competition and employment law.’

‘A wide range of experiences solving cross-border and cross-industry legal problems. The depth of knowledge and proven experience in the area of law or type of matter relevant to our needs. Exceptional quality services.’

‘Very much business-oriented, practical and adequate approach to the cases/business issues my company was dealing with.’

Key clients

BaltCap

Philip Morris Baltic, UAB

Schage Group

Unilever

Mars Group (Baltics)

UAB EUROVAISTINĖ and EUROAPOTHECA, UAB

Coca-Cola

Continental

Opera Limited

TELE 2

Maxima Group

AB Šiaulių bankas

EU and competition Tier 1

TGS Baltic's team has 'vast experience in the local market' and 'deep knowledge of EU and local regulations'. It is particularly prominent in cartel investigations and state aid matters. Practice head Lauras Butkevičius has a strong track record in cartel investigations and has been regularly representing clients before the administrative courts. Telecoms and pharmaceuticals are two particular areas of activity. The group includes Lina Darulienė, who has previous experience of working as the head of the legal department of the Competition Council of Lithuania. Darius Miniotas has joined WALLESS.

Practice head(s):

Lauras Butkevičius

Other key lawyers:

Lina Darulienė

Testimonials

‘TGS Baltic’s EU and competition practice team is experienced in working with competition authorities, is focused on a proper assessment of the client’s individual situation and has an excellent understanding of industry specifics. ’

‘Lauras Butkevičius is easy to work with, always aims to make the client understand emerging legal issues and provides working solutions to them.’

‘Structured thinking, engagement and availability. Pleasure to work with.’

‘Client care, knowledge of pharma sector, business-oriented legal solutions, responsiveness – we always receive this from TGS Competition team. Partner Lauras Butkevicius is very well regarded competition and regulatory advisor with extreme client care focus. We are confident that we will get top-notch advice which will be not formalistic. ’

‘Tailor-made approach, flexible and cooperate. Professional advice. Always has a fresh and deep knowledge of business/industry.’

‘The team demonstrates very good knowledge of all recent practices of the EU Commission and courts.’

‘Lauras Butkevicius – I am pretty sure that Lauras is the best competition lawyer in Lithuania. Very business orientated, highly skilled, has a very good sight of the whole picture, has good insights’

‘The team stands out with excellent market knowledge, large experience in the field, good knowledge of the client (at least in our case).’

Key clients

Lithuanian National Radio and Television

TELE2

Citadele banka

Avia Solutions Group

MG Baltic Investment

Euroapotheca

MAXIMA GROUP

MAXIMA LT

Ermitažas

Lithuanian Chamber of Notaries

Energy System Operator

EUROCASH1

Vilnius Cogeneration Plant

Klaipėdos nafta

Lithuanian Cable Television Association

Multikino Lietuva

Lietuvos oro uostai (Lithuanian Airports)

Projects and energy Tier 1

According to a client, TGS Baltic is 'unique because of their competent legal experts and their deep practical knowledge of energy sector regulations - both national and international'. In a notable matter, Vilius Bernatonis and Paulius Zapolskis advised the Ministry of Energy on a dispute with Veolia over its investments into the heating sector. Elsewhere, Zapolskis is also experienced in handling energy-related commercial contracts and corporate transactions.

Practice head(s):

Vilius Bernatonis; Paulius Zapolskis

Testimonials

‘Their projects and energy practice is unique because of their competent legal experts and their deep practical knowledge of energy sector regulations – both national and international. This team not only sees the problems and how to fix them, but also gives the client a broader view of the possibilities that every troubled situation brings. Therefore, strategic thinking is one of the core strengths TGS Baltic is valued as a legal partner by our company .’

‘Our company values the individual and constant attention given by the partners of TGS Baltic. For instance, other law firms are sometimes waiting for your call in order to perform some task. In contrast, TGS Baltic is regularly checking on you, keeping you fully updated how your cases are going. ‘

‘In my view, TGS Baltic team represents and meets the highest legal professional standards. It is a pleasure to work with such talented, highly skilled and experienced lawyers. I hold the opinion that TGS Baltic lawyers are able to provide efficient, quick and comprehensive assistance in any legal matters at any time. This is one of the core values in our world today ’

‘During the project, the team was very responsive, provided additional explanations where the insights differed and was eager to perfect the result further.’

‘Quick accessibility, professional advice, deep knowledge of the relevant business. Their communication and strategic approaches are insightful and consistently of great assistance. Understand the client’s commercial needs.’

‘Very fast response times to our email enquiries.’

Key clients

Vilniaus Šilumos Tinklai, AB

FTI France, SAS

Klaipėdos Nafta, AB

Ministry of Energy of the Republic of Lithuania

Haupas, UAB

Miesto energija, UAB

Real estate and construction Tier 1

TGS Baltic is ‘a one-stop shop’ and is well-placed to advise on ‘a wide variety of real estate topics, including land law, territorial planning, construction, permits, rent, assessment of risks, disputes, and many, many others’. Its practice is jointly led by Dainius Stasiulis and Sandra Bliuvaitė-Šulcienė. The team's recent work has seen it act on mandates involving office, retail and leisure properties. Vytautas Silinskas has left to join Lithuania's Ministry of Social Security and Labour.

Practice head(s):

Dainius Stasiulis; Sandra Bliuvaitė-Šulcienė

Testimonials

‘What makes them unique is their ability to effectively address the most complex legal issues as well as advise on a wide variety of real estate topics, including land law, territorial planning, construction, permits, rent, assessment of risks, disputes, and many many others. We can entrust this practice with all the legal issues in the real estate field, knowing that they will be properly assessed, providing the highest possible added value for us as a client. TGS Baltic is our legal one-stop-shop and we highly appreciate it.’

‘Dainius Stasiulis – Dainius has a great experience in implementing real estate projects. He provides valuable insights and is oriented to the needs of the clients. Sandra Bliuvaitė-Šulcienė – Sandra is an expert in her field. You can always trust that she will take care of every detail of the matter. Both of them take good care of the clients regarding communication and project management. ’

‘Their real estate team is able to advice on a wide scope of regulatory construction matters, including quite specific, niche questions. They have a deep understanding of this field and are able to provide unconventional solutions, which, without a doubt, is one of their key strengths. Additionally, they are efficient, and their service always meets the highest standards. ’

‘We value TGS real estate team for their creative and sharp solutions. We appreciate their business-minded approach. ’

‘The biggest strength of the team is its ability to provide qualified and professional advice in a wide spectrum of business areas ‘under one umbrella’. Wide number of lawyers, specializing in different fields and supporting each other whenever necessary. High ethics, avoiding conflict of interests standards.’

‘Main lawyer/partner our company deals with is Dainius Stasiulis. Very experienced lawyer specialising in real estate, having expertise in both private and public sectors, from industrial, retail, office to residential projects. We always receive not only pure legal advice, but business outlook as well. Dainius is preparing lease agreements for our company and we very much value his ability to convert difficult and complicated situations into very simple and clear wording in the agreements.’

Key clients

Schage Group

Akropolis Group

KS Investicija, UAB

BaltCap Private Equity Fund III

Klaipėdos Nafta, AB

Baltisches Haus, UAB

State Enterprise Lithuanian Airports

Lietuvos Paštas (Lithuanian Post), AB

Klaipeda Free Economic Zone Management Company, UAB

Galio Group, UAB (former M.M.M. projektai, UAB)

Amber Grid, AB

Terra Prospera, UAB

Asgaard Property, UAB

Electrolux, UAB

AUGA group, AB

Public institution Lithuanian National Radio and Television

Dispute resolution Tier 2

TGS Baltic demonstrates particularly strong capabilities in disputes connected with the energy sector, as was evidenced when it recently represented the Ministry of Energy in a landmark case against Veolia over alleged corruption and competition issues. Managing partner Vilius Bernatonis, who acted on that particular dispute, is also an expert in insurance and tax matters. The practice is led by Marius Brasiūnas, who is also highly experienced in the energy sector, and has additional strengths handling retail and banking issues. Senior partner Valentinas Mikelėnas joined Ellex.

Practice head(s):

Marius Brasiūnas

Other key lawyers:

Vilius Bernatonis

Testimonials

‘When we started to work with TGS Baltic, we were impressed with how responsive the lawyers were and with the cost-effective solutions they provided. TGS lawyers seemed to be especially experienced in navigating cross-border matters involving parallel proceedings. Also, their advice seemed to be very practical and business-oriented. It seems that lawyers suggest solutions taking into account our business objectives, which are very much appreciated.’

‘In my view, TGS Baltic team represents and meets the highest legal professional standards. It is a pleasure to work with such talented, highly skilled and experienced lawyers. I hold the opinion that TGS Baltic lawyers are able to provide efficient, quick and comprehensive assistance in any legal matters at any time. This is one of the core values in our world today ’

‘TGS Baltic Dispute Resolution practice is leading the field of energy-related disputes.’

‘TGS stands out as a firm with a practical and business-oriented mindset and with a track record of generating successful results.’

Key clients

AB Klaipėdos nafta

Republic of Lithuania; Vilnius City Municipality, AB Vilniaus šilumos tinklai

BAB Ūkio bankas

Maxima Grupė, UAB, Franmax, UAB

Maxima LT, UAB

AB Lietuvos geležinkeliai

AB ORLEN Lietuva

UAB Philip Morris Baltic

Bankas SNORAS

TV Play Baltics AS

Ministry of Transport and Communications of the Republic of Lithuania

State Enterprise Klaipėda State Seaport Authority

AB Smiltynės perkėla

Gemmo S.P.A., OU VSLS, and VilniusLux, UAB

DHL Logistics Lithuania

Šiaulių bankas

SEB bank

INVL asset management

Employment Tier 2

TGS Baltic's team has ‘a sharp and business-minded approach’ to both contentious and non-contentious matters. Its recent work involved advising on remuneration schemes, unfair dismissals, employer’s liability and collective bargaining agreements. Practice head Ieva Povilaitienė is ‘an exceptional team leader’  and counts major employers such as Philip Morris and DS Smith as key clients. Vytautas Šilinskas has left to join Lithuania's Ministry of Social Security and Labour.

Practice head(s):

Ieva Povilaitienė

Testimonials

‘We value greatly TGS Baltic employment practice team. This team is the best in the market due to its sharp and business-minded approach to every delegated issue. ’

‘ Ieva Povilaitienė is an exceptional team leader and great at strategic and high scale solutions.’

‘Fast and agile solutions, timely communication, super customer-oriented service.’

‘Good communication in English, understanding clients needs, and flexible approach. Willing to assist when and as much as requested.’

‘TGS team aims to find practical solutions. It introduces possible legal risks in order to weight all possible alternatives in each situation.’

‘Excellent and reliable support, very practical and business-friendly.’

‘Well-coordinated and professional team.’

‘High-quality work, quick and useful advice. Professional, responsible, polite and accurate team.’

Key clients

PHILIP MORRIS

VP Group

Maxima LT

Biotechpharma-Northway

Modus Group

Wix.com

BOSKALIS

SBA Group

Adform

Electrolux

Admiral Markets

Bank of Lithuania

National Radio and Television of Lithuania

Stora Enso Packaging

Contis Group

VPA Logistics

Rystad energy

Norian Accounting

Diaverum Lietuva

KLAIPĖDOS SMELTĖ

Impuls LTU

Gym LT

Pieno žvaigždės

AUGA group, AB

SteelTrade

TIKKURILA

EPSO-G

TV Play Baltics

Boehringer Ingelheim

Franmax

Fintech Tier 2

TGS Baltic works for a broad mix of clients ranging from international companies (such as Revolut and Opera) to local start-ups, with particular strengths in areas such as e-money, e-commerce, P2P lending and crowdfunding. Practice head Žygimantas Stankevičius is uniquely qualified to represent financial institutions, having previously worked as head of legal at Luminor Bank.

Practice head(s):

Žygimantas Stankevičius

Testimonials

‘A wide range of experiences solving cross-border and cross-industry legal problems. The depth of knowledge and proven experience in the area of law or type of matter relevant to our needs. Exceptional quality services.’

‘Exceptional quality services. Reliability. Eagerness to help. Caring for their clients.’

Key clients

Opera

Revolut

European Merchant Bank (European Merchant Bank, UAB)

ArcaPay

Advapay

Intellectual property Tier 2

TGS Baltic’s IP team has ‘the ability to approach complicated issues in a novel and creative way’ and is well versed in handling trade mark and copyright disputes concerning the media, energy and retail sectors. Team head Mindaugas Civilka excels in areas such as domain name disputes and broadcasting copyright. Lina Darulienė leads the firm’s retail and wholesale team, and is also prominent in the broadcasting sphere.  'Very professional' and 'open-minded' senior associate Indrė Barauskienė is also recommended.

Practice head(s):

Mindaugas Civilka

Other key lawyers:

Lina Darulienė; Indrė Barauskienė

Testimonials

‘TGS knows both the law and our business. It helps a lot, that we do not need to explain them in detail what we do, and why we do. This saves time and gives confidence to us that we are in good hands.’

‘Time of response is key in our business and TGS are always available. We appreciated that we had a dedicated senior associate Indrė Barauskienė for complex copyright and patent case, who was always available and ready to consult us on short term basis and was always suggesting out of the box options.’

‘Partner Mindaugas Civilka and senior associate Indrė Barauskienė stand out as very competent IP and IT team in the market, being able to advise on vast variety complex IP matters. We appreciate their knowledge of the law and common business practices as well as creative out-of-the-box solutions. Mindaugas Civilka is able to dilute complex requirements of business into simple practical business guidance without at the same time losing complex aspects of the whole picture.’

‘Mindaugas Civilka is always very proactive with different proposals and ideas, which makes him an invaluable adviser. ’

‘The lawyers in TGS are every professional, they help us with all the questions regarding TM registration from the search of a name, to the applications and registrations. They help us to recognise the risks, predict the possible oppositions and there was no mistake made from them. I like that all the questions and the cases they handle as their own and always taking the ownership of the case. They support us and taking care of all questions that we don’t need to spend our time on it.’

‘We are working with Indrė Barauskienė, she is a very professional and open-minded person. It is great to work with her, as she provides us with very good ideas on how to solve our cases and is very precise and attentional to details. She helps us not only on the matters we are ordering but gives good insights on the matter itself. The way she handles the tasks and takes full responsibility of the actions is really great’

Key clients

Maxima Grupė, UAB (and Franmax, UAB)

Ignitis Group

Vilnius City Municipality

Vilniaus Šilumos Tinklai (VST)

Headex Group

TV Play

Davines

Shipping and transport Tier 2

TGS Baltic has expertise in contentious and non-contentious matters, primarily involving road and rail shipping. The team’s current workload involves cargo recovery disputes, the financing of transport vehicles, commercial agreements and public procurement. Managing partner Ivars Grunte leads the team and is supported by Sandis Petrovičs, both of whom are particularly strong in cargo damage and compensation claims.

Practice head(s):

Ivars Grunte

Other key lawyers:

Sandis Petrovičs

Testimonials

‘TGS Baltics has in-depth knowledge of energy projects management. Its understanding of the field reaches far beyond just legal advice but much more.’

‘Real experts in the field, which provides different perspectives on the matter and helps to achieve the best business results.’

Key clients

Lithuanian Railways

Lithuanian Airports

Lithuanian post

Klaipėda State Seaport Authority

The Ministry of Transport and Communications of the Republic of Lithuania

Tax Tier 2

TGS Baltic's team is ‘very professional and efficient when solving tax-related matters’. It focuses on tax structuring, transactions, transfer pricing and disputes. The practice is led by Robertas Degesys, who acts for clients such as Lithuania’s Ministry of Finance and the Central Bank. Tax consultant Loreta Antanaitienė is an expert in handling investigations and disputes.

Practice head(s):

Robertas Degesys

Other key lawyers:

Loreta Antanaitienė

Testimonials

‘Very professional and efficient when solving tax-related matters. ’

‘Loreta always lets client know the risky aspects of a transaction. One can see that she feels strong responsibility for negative consequences for a client, which may appear after a transaction, also strives for long-term cooperation with clients and maintaining a good professional reputation in the market for legal services.’

Key clients

Ministry of Finance of the Republic of Lithuania

Bank of Lithuania

TMT Tier 2

TGS Baltic is highly experienced in the telecoms market, as was recently illustrated by its advice to Tele 2 on a landmark agreement to share networks across Lithuania and Latvia. IT contracts are another core area of focus; the team advises major tech companies like Microsoft on commercial agreements with public institutions, including those concerning the use of cloud services. In the media sector, the firm counts state broadcaster LRT as a key client. Practice head Mindaugas Civilka is highly skilled in data protection, cybersecurity, commercial contracts and software licensing.

Practice head(s):

Mindaugas Civilka

Testimonials

‘TGS Baltic team we have been working with has a very in-depth understanding of how our business works and is able to give quick and straight to the point advice – it is one of the key elements to ensuring our smooth work during the whole process. While we are very satisfied with their ability to accurately assess various legal issues, very important added value comes from their knowledge of other fields, such as IT, information security practices and risk management’

‘Time of response is key in our business and TGS are always available. Partner Mindaugas Civilka is particularly good at performing various legal risk assessments, review of internal processes to ensure compliance with complex GDPR and cybersecurity requirements. The TMT team is very dedicated, committed and eager to provide actual results in premium response time.

‘Mindaugas Civilka is extremely quick, sharp and professional with instant advice.’

‘TGS Baltic team we have been working with was very client-oriented ’

‘They are brilliant lawyers and practitioners capable of taking on large scale projects which are of utmost importance to our company. We are glad to be able to work with such a professional team of legal advisers.’

‘TGS and the partner we are working with are very attentive and have strong ownership. It feels like the person is our internal lawyer who knows what we need and is always happy to help with all legal questions.’

‘We are working with Mindaugas Civilka and he is very professional, helpful and focused. He not only helps us when we ask for help, but also informs us about any changes in legislation and helps us to be compliant with all relevant laws. Very strong ownership and personal skills lead to higher standards and results we are very happy to receive.’

Key clients

Microsoft Corporation and Microsoft Lietuva

Hostinger

Maxima LT, UAB and Maxima Grupė, UAB

Eurovaistinė, UAB and Euroapotheca, UAB

Tele2, UAB

Ermitažas, UAB

Dolomitas AB

Lithuanian Radio and Television

Ecoservice, UAB

Latvia > Banking, finance and capital markets Tier 1

Praised as a ‘top-notch law firm’ and ‘leader in the field’, TGS Baltic is experienced in a range of banking and finance instructions, particularly cross-border mandates. Outside its core banking work, the team is also highly skilled in M&A transactions in the financial sector and in regulatory and fintech matters. The group’s recent workload has also included more niche areas such as senior mezzanine financings, shipping finance and restructurings. Inese Hazenfusa leads the practice and is highly experienced in financings and corporate transactions within the banking sector. Her client base predominantly consists of European and Russian banks.

Practice head(s):

Inese Hazenfusa

Testimonials

‘TGS Baltic’s banking and finance team is able to cover the full range of banking matters. It is a top-notch law firm and leader in the field. The team always shows a high level of responsibility and engagement. This practice group has extensive knowledge, but it is not only for that reason that the biggest banking-related companies choose it. The team is strong in domestic matters and also large cross-border matters and investments. The team is excellent.’

‘Inese Hazenfusa is the leading partner and she is definitely a leader in this market. We have been working with her for many years and her knowledge has always been an advantage. She is well known in the market for her skills and availability. She always exceeds my expectations with her market knowledge.’

‘The team offers comprehensive legal advice, along with colleagues from the other TGS offices based in Estonia and Lithuania, which makes investments in the Baltics much more efficient.’

‘Inese Hazenfusa is always very diligent and focused on details, which allows us to proceed smoothly with transactions.’

Key clients

COÖPERATIEVE RABOBANK U.A.

mBank S.A., Poland

BigBank AS

European Investment Bank

Credit Value Investments

Sberbank Investments

Akropole Riga

Luminor Leasing

Swedbank

Moller Auto

Blue Orange Bank

Expobank

Overkill Ventures

Baltic International Bank

4Finance

Amenda Markets

Estateguru

TGS Baltic is a top-tier commercial law firm with offices in all the Baltic countries. We believe lawyers should not only be experts in law – the real added value for our clients comes from our understanding of their business objectives and specifics, as well as the innovative solutions provided by our professionals.

TGS Baltic has been advising international and domestic business organisations and the public sector, including the European Central Bank, the European Investment Bank, various EU institutions, as well as collaborating with top-tier international law firms since the Baltic countries returned to a market economy in the early 1990s. Since then, the firm has been involved in almost all of the major transactions, landmark disputes and legislative developments in the region.

The firm employs more than 140 lawyers covering more than 25 practice areas. Our Baltic team provides solutions to complex legal problems, advises on strategic decisions and gives day-to-day assistance on a wide range of legal issues. TGS Baltic is listed as a top-tier law firm in Corporate, M&A, Banking & Finance, Competition, Energy, Dispute Resolution, Tax and other practice areas by the most reputable international legal directories.

TGS Baltic has offices in Tallinn, Tartu (Estonia), Riga (Latvia) and Vilnius (Lithuania).

We are in strategic cooperation with Vlasova Mikhel & Partners in Minsk (Belarus) and are members of TerraLex, a global network of independent law firms, and all major international professional law organisations such as IBA, AEL, ILN and EWLA. We work in English, German, Russian, French, Polish and Finnish.

Department Name Email Telephone
Managing Partner Vilius Bernatonis vilius.bernatonis@tgsbaltic.com +370 5 251 4444
Head of Communications Aira Buskute aira.buskute@tgsbaltic.com +370 5 251 4444
Photo Name Position Profile
 Vilius Bernatonis  photo Vilius Bernatonis Managing Partner, Co-Head of Energy Industry GroupVilnius (Lithuania)
Dr Lauras Butkevičius  photo Dr Lauras Butkevičius Partner, Head of Regulatory Law specialisation group
 Mindaugas Civilka  photo Mindaugas Civilka Partner, Head of Technology Industry Group
Dr Lina Darulienė  photo Dr Lina Darulienė Partner, Head of Retail and Wholesale industry group (Lithuania)
 Robertas Degesys  photo Robertas Degesys Partner
 Vidmantas Drizga  photo Vidmantas Drizga Partner, Head of Manufacturing industry group (Lithuania)
 Gytis Kaminskas  photo Gytis Kaminskas Partner, Head of Transport industry group
 Marius Matonis  photo Marius Matonis Executive Partner, Head of M&A (Lithuania)
 Aurimas Pauliukevičius  photo Aurimas Pauliukevičius Partner, Head of Private Equity & Venture Capital Industry Group
 Agnius Pilipavičius  photo Agnius Pilipavičius Partner, Head of Corporate Law specialisation group
 Žygimantas Stankevičius  photo Žygimantas Stankevičius Partner, Head of Finance industry group
 Dainius Stasiulis  photo Dainius Stasiulis Partner, Head of Real Estate & Investments Industry Group
 Eugenija Sutkienė  photo Eugenija Sutkienė Senior Partner, Head of Life Sciences Industry Group (Lithuania)
 Dalia Tamašauskaitė-Žilienė  photo Dalia Tamašauskaitė-Žilienė Partner, Head of Transactions and Real Estate specialisation group (Lithuania)
Partners : 33
Employees : 190+
Estonian
Latvian
Lithuanian
Finnish
Russian
Polish
German
French
English
IBA (International Bar Association)
TerraLex
Lithuanian Bar Association
Other offices : Tallinn, Tartu, Riga

 

1.            Assisted IRI Investments BV with acquisition of SIA IRI Forest Assets Latvia (formerly SIA Foran Real Estate), one of the largest forest companies, from Storebrand Livsforsikring AS (70.05%), SPP Pension & Forsakring AB (publ) (29.37%), NORSKOG (0.14%) and Gundars Skudrinš (0.44%). TGS Baltic assisted IRI Investments BV also with participation in the bidding process for Bergvik Skog forest properties and business in Latvia. Value of the only comparable transaction EUR 324 million;

2.            Assisted Euroapotheca UAB pharmacy chain group on signing of a term and revolving syndicated facilities agreement with the total commitment of 185 million euros. Advised pharmacy chain group on receipt of financing from SEB and Swedbank of EUR 185 million;

3.            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. EUR 120 million;

4.            Advised Swedish Bergs Timber AB (publ) on the acquisition of Vika Wood and Byko-lat (Latvia), EWP AS and Laesti AS (Estonia) and Norvik Shipping (United Kingdom) from Iceland Norvik hf. EUR 70 million;

5.            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 tikls from the German energy company Uniper Ruhrgas International GmbH. EUR 54 million for 34.36%;

6.            Advised the Ministry of Economics on the 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 tikls from SIA ITERA Latvija. EUR 54 million for 34.36%;

7.            Assisted US Camera Company Snap Inc. with opening and closing of operations through its subsidiary in Latvia – SIA Snap Latvia. Snap Inc. provides technology and social media services. The company`s flagship product is a mobile camera application Snapchat that helps people to communicate through photos, short videos, images, drawings and texts. Snap serves customers worldwide.

8.            Assisted Expobank CZ a.s. with financing of acquisition of Radisson Blu Daugava Hotel by Astor Group (Latvia) from PBR Hotel (USA). The firm carried out full scope assistance to the financing institution, including drafting of the loan and security agreements, including pledge and mortgage agreements, participated in negotiations of the transaction documents and followed up on establishing of securities and fulfilment of the conditions prior to and after the drawdown. Maximum amount of the secured claim is EUR 28 million.

9.            Provided legal assistance to IK Investment Partners with acquisition of Carspect AB, SIA Scantest, Autotest Polska Sp. Z.o.o and A-Katsatus OÜ from A-Katsastus Group Oy, a leading vehicle inspection service provider in the Northern Europe.

10.          Provided legal services to the Scandinavian financial group Swedbank in relation to the takeover of Danske Bank’s retail business in Latvia and Lithuania. The transaction included accounts of individuals, loans, deposits, payment cards, and securities. EUR 641 million.

11.          Assisted the owners of Proplastik in Estonia, Latvia and Lithuania with selling of their plastics distribution business to the Europe’s largest wholesaler of plastics Vink Group.

TGS Baltic Latvia office received CEE Legal Matters Deal of the Year Award for advising AS Augstsprieguma tikls on acquisition of stake in Conexus Baltic Grid from Uniper, while TGS Baltic Lithuania office received the award for advising UAB Euroapotheca on acquisition of Apoteksgruppen from Sweden http://ceelegalmatters.com/hungary/8673-a-night-of-celebration-at-cee-deal-of-the-year-awards-banquet-in-prague

 


TESTIMONIAL: TGS Baltic ensures clear, correct, credible and well substantiated advice in a timely manner. TGS Baltic team is very responsive, fast, competent and efficient. The firm has very knowledgeable and experienced specialists in corporate and M&A, employment, tax and other areas of law that proactively ensure utmost quality advice suited for our business needs. They are internationally very well connected. TGS Baltic is the best legal partner for development of your business locally and cross-borders.


TESTIMONIAL: The team of TGS Baltic has exceptional strategic thinking, exemplary knowledge and understanding of the relevant areas of law and our business: TGS Baltic is highly recommended for the largest and the most complicated cross-border and local commercial issues, M&A transactions and disputes.


TESTIMONIAL: TGS Baltic is a top-notch tax advisor in Latvia. The firm’s team consists of preeminent tax advisors and distinguished tax litigators that have very deep expertise and extensive experience. They are simply brilliant when it comes to tax advice. TGS Baltic has won a number of tax disputes thereby going straight against the statistics, according to which the tax authorities typically win. Key to their success is in-depth understanding of business, tax, and overall legal framework.