TGS Baltic > Vilnius, Lithuania > Firm Profile
TGS Baltic Offices
QUADRUM BUSINESS CITY
EAST BUILDING 8TH FLOOR
KONSTITUCIJOS AVE. 21A, 08130 VILNIUS
Lithuania
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TGS Baltic > The Legal 500 Rankings
Lithuania > Banking, finance and capital markets Tier 1
Lithuania > Commercial, corporate and M&A Tier 1
Lithuania > Dispute resolution Tier 1
Lithuania > Employment Tier 1
TGS Baltic‘s employment team is led by Ieva Povilaitienė, who provides both contentious and non-contentious advice to leading private and state-owned companies alongside leaders in the manufacturing, retail, and transport sectors. In addition to employee transfers, hybrid working arrangements, and misconduct disputes, the practice also has substantial expertise supporting on collective bargain negotiations and trade union activity, highlighted by the firm’s ongoing representation of Vilnius Public Transportation following industrial action. Associate Indrė Mažeikaitė is praised by clients for her ‘deep practical knowledge of employment law‘ and handles a range of disputes and contractual matters. Viktorija Jančiūraitė is another active member of the department.Practice head(s):
Ieva Povilaitienė
Other key lawyers:
Testimonials
‘Very professional team and very good communication.’
‘Good professional and efficient service.’
‘Overall professionalism and quick reaction.’
‘TGS Baltic’s Employment team provided professional legal service on employment matters to our company. They have assisted us effectively and efficiently, thinking one step ahead. The lawyers are client-oriented, provide rapid responses, employment team has an ability to react quickly.’
‘We have been assisted by Indrė Mažeikaitė, who provided us with professional legal support, she is always going the extra mile to ensure that the services would meet our business needs. Indrė has a deep practical knowledge of employment law and solves complicated issues, showing outstanding knowledge of employment law. She is quick to grasp complex details and subtle nuances and is very efficient.’
‘TGS Baltic consistently delivers great value while maintaining a strong commitment to providing high-quality services. Their attention to detail is commendable, as they consistently exhibit clear and timely communication with clients, fostering a strong sense of trust and reliability.’
‘Their dedication to client satisfaction and their comprehensive legal expertise make them a highly reputable choice in the legal services industry.’
Key clients
Vilnius Public Transport
Santarų klinikos
Avia Solutions Group
SBA
Fischer International
Biotechpharma, biotechnologinės farmacijos centras
Hostinger
Boskalis
Baltic Cocoa
Peek & Cloppenburg
Mambu
Raydiant
Stora Enso Packaging
Wix.com
Valstybės investicijų valdymo agentūra (VIVA)
DS Smith Packaging
Modus Group
Adform
Electrolux
Work highlights
- Provided assistance to Avia Solution during a cross-border deal involving the transfer of employees from a Cyprus company to an Irish employer, with the employees’ residence in Lithuania.
- Successfully applied interim measures of protection to prevent de facto strike i.e. 762 Vilnius Public transport employees’ suspension of the execution of the employment contracts.
- Provided assistance to Modus Group by preparing a comprehensive roadmap that encompassed all the necessary documents required for the company’s operations.
Lithuania > Projects and energy Tier 1
Lithuania > Real estate and construction Tier 1
Lithuania > Shipping and transport Tier 1
Lithuania > Fintech Tier 2
Lithuania > Intellectual property Tier 2
Lithuania > Tax Tier 2
Lithuania > TMT Tier 2
Lithuania > EU and competition Tier 3
Latvia > Banking, finance and capital markets Tier 2
TGS Baltic advises on a wide range of banking and finance matters, ranging from loan transactions and regulatory work through to cross-border financings and crowdfunding. The team also has experience in the capital markets arena, and recently advised Eco Baltia on an initial bond issue totalling €8m. Insurance services, covering intermediation, structuring, and licensing, are also areas of expertise. With over 20 years’ experience, Inese Hazenfusa leads the team. Mārtiņš Galzons is noted for both his transactional and capital markets work. Associate Artis Kļaviņš brings expertise covering white-collar crime and corporate compliance to the team.Practice head(s):
Inese Hazenfusa
Other key lawyers:
Mārtiņš Galzons; Artis Kļaviņš; Ilga Vaļko
Testimonials
‘Outstanding understanding of the assignment. Speed and dedication are on a very decent level, too. Flexibility and readiness to compromise on billing.’
‘For specific hands-on financial market advice one should reach Inese Hazenfusa and Mārtiņš Galzons straight away. Such speed and accuracy of their work is exceptional!’
Key clients
Signet Bank
European Investment Bank
J.S. Hamilton
Mundus Bridge Finance
Marijas 2, Novira Capital and Evernord joint venture
Bondora Group
mBank
Evernord
Crowdestate
MaxBanka (ExpoBank)
Glerup Agro SIA
Jyske Bank
Work highlights
- Advised Marijas 2, a joint venture between Evernord and Novira Capital, on its public offer of bonds for real estate development.
- Advised European Investment Bank on financing a multi-annual investment program relating to water and sanitation in the City of Riga.
- Advised Signet Bank on the launch of €9.46m asset-backed securities in co-operation with car leasing company Primero.
TGS Baltic > Firm Profile
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 region’s major transactions, landmark disputes and legislative developments.
The firm employs more than 190 lawyers covering more than 28 practice areas. Our Baltic team provides solutions to complex legal problems, advises on strategic decisions, and provides day-to-day assistance on a wide range of legal issues. The most reputable international legal directories list TGS Baltic as a top-tier law firm in corporate, M&A, banking and finance, competition, energy, dispute resolution, tax, and other practice areas.
TGS Baltic has offices in Tallinn, Tartu (Estonia), Riga (Latvia) and Vilnius (Lithuania).
We 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.
Main Contacts
Department | Name | Telephone | |
---|---|---|---|
Managing Partner | Vilius Bernatonis | vilius.bernatonis@tgsbaltic.com | +370 5 251 4444 |
Head of Business Development | Silvija Berštautienė | silvija.berstautiene@tgsbaltic.com | +370 5 251 4444 |
Lawyer Profiles
Photo | Name | Position | Profile |
---|---|---|---|
Vilius Bernatonis | Managing Partner, Chair of the Baltic Board Vilnius (Lithuania) | View Profile | |
Mindaugas Civilka | Partner, Head of Technology Industry Group | View Profile | |
Dr Lina Darulienė | Partner, Head of Retail and Wholesale industry group (Lithuania) | View Profile | |
Vidmantas Drizga | Partner, Head of Manufacturing industry group (Lithuania) | View Profile | |
Gytis Kaminskas | Partner | View Profile | |
Marius Matonis | Executive Partner, Head of M&A (Lithuania) | View Profile | |
Aurimas Pauliukevičius | Partner, Head of Private Equity & Venture Capital Industry Group | View Profile | |
Agnius Pilipavičius | Partner, Head of Corporate Law specialisation group | View Profile | |
Žygimantas Stankevičius | Partner, Head of Finance industry group | View Profile | |
Dainius Stasiulis | Partner, Head of Real Estate & Investments Industry Group | View Profile | |
Eugenija Sutkienė | Senior Partner, Head of Life Sciences Industry Group (Lithuania) | View Profile | |
Dalia Tamašauskaitė-Žilienė | Partner, Head of Transactions and Real Estate specialisation group (Lithuania) | View Profile |
Staff Figures
Partners : 33 Employees : 190+Languages
Estonian Latvian Lithuanian Finnish Russian Polish German French EnglishMemberships
IBA (International Bar Association) TerraLex Lithuanian Bar AssociationOther
Other offices : Tallinn, Tartu, RigaNotable Cases
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 Skudrin (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
Client Testimonials
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 firms 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.
Legal Briefings
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General overview of the Lithuanian court system
The Lithuanian court system consists of courts of general jurisdiction and specialised courts.
- Banking, finance and capital markets
- Commercial, corporate and M&A
- Dispute resolution
- Employment
- Projects and energy
- Real estate and construction
- Shipping and transport
Top Tier Firm Rankings
- Fintech
- Intellectual property
- Tax
- TMT
Firm Rankings
- Latvia > Banking, finance and capital markets