Firm Profile > TGS Baltic > Riga, Latvia

TGS Baltic
1050 RIGA

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


‘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


mBank S.A., Poland

BigBank AS

European Investment Bank

Credit Value Investments

Sberbank Investments

Akropole Riga

Luminor Leasing


Moller Auto

Blue Orange Bank


Overkill Ventures

Baltic International Bank


Amenda Markets


Latvia > Commercial, corporate and M&A Tier 1

Providing a ‘one-stop shop for all Baltic states’, TGS Baltic is highly skilled in cross-border deals, as illustrated by assisting Inspired with the Latvian aspects of its global acquisition of King’s College Schools. Alongside education, the team is also experienced in sectors such as telecoms, retail, energy and media. Andra Rubene leads the practice and ‘clients choose her for her enormous expertise in M&A’, as well as her complementary strengths in employment and EU and competition law. Also leading the team is Nauris Grigals, who has a similarly broad skillset which spans contentious and non-contentious corporate and commercial work.

Practice head(s):

Andra Rubene; Nauris Grigals


‘The firm is very well set up with experts in all the relevant fields, including general commercial, corporate, employment and competition law. We have worked with this law firm for many, many years and have never been disappointed.’

‘Andra Rubene is an excellent and very practical lawyer.’

‘TGS Baltic delivers the best possible advice, regardless of circumstances, timing and industry.’ 

‘Andra Rubene is especially capable and clients choose her for her enormous expertise in M&A, employment and EU and competition law. Andra has enormous skills, competence, quick reactions, a focus on finding and implementing practical solutions within tight deadlines, and composure. She is irreplaceable and provides matchless support, especially in crisis situations and situations where changes and adaptations are needed.’

‘Nauris Grigals is very knowledgeable, skilled, experienced and understanding of the client’s business needs. Nauris is particularly experienced and skilled in business negotiations, dispute resolution and litigation, and tax. Having seen the successful results that Nauris has achieved for us, we rely on his competent and trustworthy advice.’

‘TGS Baltic Latvia has a uniquely wide, well-developed and resourced, knowledgeable, experienced, internationally oriented and diverse pan-Baltic commercial, corporate and M&A practice, which is focused on large and complicated cross-border and local transactions. It is a large team of supremely skilled and experienced specialists with unmatched business acumen, who have consistently delivered outstanding performances in this practice area for many years. The leaders of the team successfully ensure that it capitalises on the uniquely wide experience gained by assisting in all major transactions for almost three decades.’

‘Nauris Grigals is an extraordinary, brilliant, competent, practical and prolific corporate and commercial partner. He ensures excellent transaction management and visibility, and has an exceptional ability to manage changing priorities.’

‘The team has excellent pan-Baltic cooperation, ensuring a one-stop shop for all the Baltic states.’

Key clients

Tele 2 AB and Tele2 SIA

Proctor Gamble


AS Latvenergo

SIA M257 / Akropole

Daiwa Energy & Infrastructure Co.Ltd.

Bergs Timber AB Group

Global Rubber Industries (Pvt)

Straco BVBA

Carlsberg / Aldaris


AS Latgale Energo / AS ZZE

SIA Brain Games

Apranga APB / Zara home

Latvia > Dispute resolution Tier 1

TGS Baltic has ‘a strong presence in the market’, particularly in the public sector, having brought in clients such as the Ministry of Economics and the Public Utilities Commission. Practice head and managing partner Ivars Grunte is ‘a dispute resolution leader’, known for his strength in the public, sport and energy sectors. The sport sector is also an area of expertise for Agnese Hartpenga, who has acted in cases before both the Latvian courts and the Court of Arbitration for Sport. Sandis Petrovičs is another respected name with expertise in litigation and arbitration, and has notable strengths in procurement and compensation disputes. Nauris Grigals, who focuses on corporate and tax litigation, is also recommended.

Practice head(s):

Ivars Grunte

Other key lawyers:

Agnese Hartpenga; Sandis Petrovičs; Nauris Grigals


‘A professional team with easy communication.’

‘Very experienced law office with a high service level throughout the years.’

‘Very responsive, always ready to go into the matter.’

‘TGS Baltic has a strong presence in the market, especially the dispute resolution team. The team consists of many well-known attorneys whom we can always rely on. We can trust in them, their arguments are well prepared and they are always available any time. They handle litigation in a very professional and efficient manner.’

‘Ivars Grunte has a strong position in the market and he is a dispute resolution leader.’

Key clients

Ministry of Economics

PNB Banka

Public Utilities Commission


AS Enerģijas publiskais tirgotājs



Riga City Council, Welfare Department

Latvian Anti-Doping Bureau

AB Baltic Mills

AS SEB banka

Ministry of Finance and VAS Valsts nekustamie īpašumi

Graanul Invest group companies – SIA Graanul Invest, SIA Graanul Pellets, SIA Latgran, SIA Graanul Invest Energy, SIA Graanul Pellets Energy

University of Latvia

CCC Riga Digital Services

EuroPark Latvia SIA

Cronimet SIA

Viesis 2 (DNB bank)

Papyrus SIA

Prana Property (Coop bank)


Road Traffic Safety Directorate

Latvia > IP, IT and telecoms Tier 1

TGS Baltic advises on leading deals and disputes across TMT and IP, most recently assisting Facebook with the launch of its new dating app. Andra Rubene advised on that particular matter and regularly assists companies with IP and technology clearance issues. She leads the team alongside 'very knowledgeable' associate Arina Stivriņa, who is an expert in data protection, and associate Zane Skļamina, who specialises in regulatory compliance. Associate and trade mark attorney Alīna Lepere is also recommended.

Practice head(s):

Andra Rubene; Zane Skļamina; Arina Stivriņa

Other key lawyers:

Alīna Lepere


‘The practice is unique due to the team members and their capabilities. TGS Baltic has helped our company through many cases and their team members are the best they could choose from the legal market. That is how TGS Baltic also stands out from the crowd. They are professional and a team which is always available even when the others were not. They have never let down our company’s priorities and they always think one step ahead what we need.’

‘This practice group stands out with a huge confidence over the other law firms in Latvia, because I do not know any law firm which has such a good IP practice and which would focus exactly on that.’

‘We had a great opportunity to work closely with Arina Stivrina and her professionalism is top level. She was very knowledgeable about all the questions we had while cooperating, and she is always trying to find out and understand more of the matter by asking questions herself. She is always proactive in sharing her viewpoint and suggestions, and never refuses to explain more if something is not clear. Working with her was very easy and without any obstacles.’

Key clients

Flux Design Products GmbH

TV Play Baltics AS

SIA Marsh (Subsidiary of Marsh & McLennan Companies)

Facebook Dating Platform

SIA Overkill Ventures AIFP managing funds KS Overkill Ventures Fund I AIF and KS Overkill Ventures Fund II AIF


SIA Essity Latvia

UAB SCT Lubricants

SIA SMARTLYNX AIRLINES, part of Avia Solutions Group

Latvia > Real estate and construction Tier 1

TGS Baltic's broad offering covers contentious and non-contentious matters, including commercial agreements, real estate transactions and general compliance. Practice head Linda Štrause has experience of advising on key developments in the market, including assisting the Ministry of Finance with the redevelopment of Riga Castle. Agnese Hartpenga also focuses on real estate with expertise in complementary areas such as environmental law, state aid and public-private-partnerships. Sandis Petrovičs, who focuses on public procurement and disputes, is another key name, as is associate Aija Kreicberga, who has expertise in real estate transactions, construction matters and administrative law.

Practice head(s):

Linda Štrause

Other key lawyers:

Agnese Hartpenga; Sandis Petrovičs; Aija Kreicberga; Harijs Lielvārds; Armands Masulis


‘When talking about real estate development, TGS Baltic are the first firm I turn to. The team has a lot of experience with real estate transactions in the Baltics and they have been involved with most of the biggest projects and sales. Their team has good understanding when it comes to business costs and they have very good partners backed up by very good associates.’

Key clients

Schwenk Latvia SIA (Previously Cemex)


SIA M257

VAS Valsts nekustamie īpašumi (State Real Estate) and the Ministry of Finance

SEB Banka

Menard Polska Sp ZOO

SIA Flebomedika

Eesti Energia group wind parks in Latvia

Estonia Ministry of Finance

Latvia > Tax Tier 1

TGS Baltic has ‘in-depth knowledge throughout the whole tax team’, which stands out for its ‘pan-Baltic presence’ and ability to draw on the expertise of its teams in Estonia and Lithuania. Andra Rubene is one of three practice heads, noted for her expertise in advising large corporates such as GlaxoSmithKline and Philip Morris. Nauris Grigals handles the litigation side of the practice, and is notably adept in handling transfer pricing issues. Associate Rūdolfs Vilsons is a certified tax consultant and advises clients on corporate tax and compliance.

Practice head(s):

Andra Rubene; Nauris Grigals; Rūdolfs Vilsons


‘TGS Baltic has in-depth knowledge throughout the whole tax team. Their strength compared to other firms is their pan-Baltic presence, as they are always able to involve other tax advisers and lawyers from Lithuania and Estonia, if needed. TGS Baltic always comes to mind when thinking of legal service providers and their network is brilliant, so they are able to provide the best service.’

‘Rudolfs Vilsons is our main contact in TGS Baltic. His knowledge of tax law along with his competence in business structuring matters has helped our business operations. He always acts with promptness and is highly competent.’

‘The lawyers work as a team. We received comprehensive advice on tax, corporate and inheritance issues under Latvian law and were satisfied with the quality of the services provided. They quickly answered all our questions, which required a fairly quick solution, and were always happy to help us.’

Key clients

FMS-Wertmanagement AöR

AB “Ignitis Grupė” (Ignitis Group) (formerly Lietuvos Energia UAB)

Gunvor Group / Gunvor SA

Netflix Worldwide Entertainment, LLC

Cirque du Soleil America Inc.

SIA Schwenk Latvia

Aldaris AS / Carlsberg Group

Philip Morris Latvia SIA

Abakhan Fabrics Eesti Latvian branch

City Bee Solutions

Latvia > Employment Tier 2

TGS Baltic advises major corporations on the full range of employment issues, including restructurings, terminations, grievance procedures, immigration and data protection. Andra Rubene has a significant client base of international companies, which she advises on contracts, terminations and TUPE issues. Linda Štrause is also a key figure and has been primarily advising clients on employment issues surrounding the Covid-19 pandemic. Associate Toms Tīdemanis assists Rubene on most matters.

Practice head(s):

Andra Rubene; Linda Štrause; Toms Tīdemanis

Other key lawyers:

Nauris Grigals


‘Straight-to-the-point advice.’

‘We greatly appreciate the firm’s high level of professionalism, as well as its ability to deal with a wide range of legal issues.’

Key clients

Netflix Worldwide Entertainment, LLC



Boehringer Ingelheim

AS Latvenergo / AS Sadales tīkls


Hallgruppen AS

Aldaris AS / Carlsberg Group

SIA Intrum Global Technologies / Intrum Global Technologies

Laterna SIA

Latvia > EU and competition Tier 2

TGS Baltic advises on merger clearance, prohibitive agreements and abuse of dominance allegations, with a client roster that includes Tele2, Proctor & Gamble and Mastercard. Andra Rubene has experience in the aforementioned fields, with broader expertise across corporate and M&A matters. She leads the team alongside senior associate Māra Stabulniece-Veldruma, who has expertise in competition law in addition to complementary areas such as public procurement and regulatory compliance.

Practice head(s):

Andra Rubene; Māra Stabulniece-Veldruma

Other key lawyers:

Vladlena Rudusāne Simiča


‘The team from TGS was very easy to work with. They had the abilities to both listen very carefully to what the client is aiming for and then also to explain the legal situation in a way that is easy to understand for the non-lawyer, clearly outlining their opinion of the situation. While doing that they also demonstrated a good understanding of the business needs and the specificities of the pharma market. They were good advisers, explaining the pros and cons of different options without pushing the decision in a direction they may have preferred.’

‘They showed a willingness to understand the situation, discuss the different options with their pros and cons and then diligently worked on the execution of the way forward we had chosen. I think it is important that I as a client get this kind of support, where it is clear that the final decision on the way forward lies with the client and the role of the legal adviser is to give the necessary support, outlining the legal risks of all options. Furthermore, I appreciated the way the TGS team was able to explain the legal situation and its bearings on the individual options in a way that is easy to understand for a non-lawyer.’

Key clients

Tele 2 AB and Tele2 SIA

Procter & Gamble Latvia

BaltCap Private Equity Fund

FZE Procyone

Aldaris / Carlsberg Group

GlaxoSmithKline / GlaxoSmithKline Trading Services Ltd. / Glaxo Group Limited / SIA GlaxoSmithKline Latvia

Graanul Pellets Energy/Graanul Invest Group / SIA Graanul Invest / SIALatgran

Mastercard Europe SA

Mars Incorporated, Royal Canin

Boehringer Ingelheim RCV GmbH & Co KG


Phillip Morris



University of Latvia

RAWOOD Group of Companies

Latvia > Shipping and transport Tier 2

TGS Baltic has expertise in contentious and non-contentious matters, primarily involving road and rail transport. 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 are particularly strong in cargo damage and compensation claims.

Practice head(s):

Ivars Grunte; Andra Rubene

Other key lawyers:

Sandis Petrovičs; Arina Stivriņa


‘TGS Baltic is one of the biggest law firms in Latvia. Their unique team is filled with so many well-known individuals in the legal field. Their strength is their worldwide experience and their colleagues and partners with international experience.’

Key clients

Coöperatieve Rabobank U.A.

Loomis Czech Republic a.s

Inchcape Motors SIA

The European Investment Bank (EIB) and other senior lenders TBD


The National Health Service of the Republic of Latvia (via SIA Saules Aptieka)

UAB Girteka Logistics

SIA DPD Latvija

Samson Materials Handling Limited

Ceļu satiksmes drošības direkcija / Road Traffic Safety Directorate in Latvia

AS Latvijas balzams

SIA Omniva

TransBaltic Oil SIA

Europark Latvia SIA

Lithuania > 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


‘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



European Merchant Bank (European Merchant Bank, UAB)



The firm: TGS Baltic is a leading full-service commercial law firm in the Baltic States. The firm’s attorneys have an unprecedented experience mix of serving local and international businesses, the public sector, working with the European Central Bank, the European Investment Bank, institutions of the European Union, and collaborating with top-tier international law firms. The firm has been involved in almost all of the major transactions that were completed in the Baltic States since they regained their independence and is currently involved in the most important strategic energy and infrastructure, corporate, and litigation projects in the Baltics.

The Latvian office is one of the most experienced law firms in the region and has developed and grown throughout its years of operation. In 2022 TGS Baltic Latvian office will celebrate its 30th anniversary of operation in Latvia.

Areas of practice
Corporate and M&A: corporate and M&A work is the core area of expertise of TGS Baltic. TGS Baltic as part of a consortium led by Rothschild and consisting of Porta Finance and Deloitte Czech advised the Ministry of Economics of the Republic of Latvia on the possible purchase of shares in gas transmission and storage system operator Conexus Baltic Grid worth €150–200m (the initial value of Conexus Baltic Grid defined by financial advisors).

Banking and finance: TGS Baltic advised CVI Dom Maklerski sp. z o.o. (CVI) in arranging financing Riga Retail Park for the purposes of co-financing acquisition of real property as well as construction and development of the Saga Lifestyle and Shopping Centre;  Advised the European Central Bank in relation to the revocation of the license of AS Trasta Komercbanka; Successfully represented LV Asset Management AIFP before the financial and capital market commission during granting the status of a registered alternative investment fund manager; provided legal assistance to the University of Latvia regarding the €30m investment contract of the European Investment Bank; advised Nordea Bank AB on re-registration of the securities as the result of a cross-border merger of Nordea Bank Danmark A/S (Denmark), Nordea Bank Finland Plc (Finland) and Nordea Bank Norge ASA (Norway) into Nordea Bank AB (publ) Sweden (€32m).

Litigation and arbitration: TGS Baltic’s experience in large-scale, complex disputes, where simultaneous, active, and immediate action in different directions is necessary, is exceptional. Currently TGS Baltic represents clients in court cases with a total value of more than €500m.

White-collar crime and corporate investigations: TGS Baltic’s team of experts has experience of acting for corporates and individuals facing crimes and investigations performed by regulatory and law enforcement bodies.

Real estate and construction: TGS Baltic has an extensive market share in real estate matters in the commercial property sector. The firm’s experience in real estate due diligence and transactions, large multi-functional and infrastructure projects is outstanding.

Tax: TGS Baltic is very strong in tax planning, transaction support, structuring, tax due diligence, and tax litigation.

EU and competition: TGS Baltic provide clients with the full spectrum of services aimed to ensure competition law and state aid compliance and avoid violations and administrative fines and compensation of civil damages. TGS Baltic has the strongest pan-Baltic and local team of professionals with extensive experience in providing the above services.

Energy and infrastructure: is one of the key areas of practice of TGS Baltic, which lately has been marked by the involvement in large infrastructure projects. TGS Baltic is involved in energy and infrastructure projects based on its in-depth knowledge and experience obtained through its long-standing practice, which is highly valued by its clients. It covers all aspects of business activities in the energy area.

Department Name Email Telephone
Managing Partner, Dispute Resolution and Litigation Ivars Grunte
Partner, M&A, Competition, Employment Andra Rubene
Partner, Corporate Commercial, Tax Nauris Grigals
Partner, Real Estate and Construction, Energy Linda Štrause
Partner, Banking & Finance, Capital Markets Inese Hazenfusa
Partner, Dispute Resolution, Employment, Energy Agnese Hartpenga
Partner, Data Protection, Intelectual Property Sandis Petrovičs
Senior Associate, Competition Māra Stabulniece-Veldruma
Tax Rūdolfs Vilsons
Associate, Head of Data Protection Arina Stivriņa
Associate, Intelectual Property, Data Protection, Corporate Commercial Zane Skļamina
Associate, Real Estate and Construction Aija Kreicberga
Administrative and Finance Manager Tatjana Klaipa
Marketing Beāte Maldone
Photo Name Position Profile
 Linda Štrause photo Linda Štrause Partner, Head of Real Estate and Energy practice group, Latvia
 Mārtiņš Galzons  photo Mārtiņš Galzons Legal Assistant
 Nauris Grigals  photo Nauris Grigals Partner, Head of Corporate Commercial practice group
 Reinis Grunte  photo Reinis Grunte Associate
 Ivars Grunte  photo Ivars Grunte Managing Partner (Latvia), Chairperson of the pan-Baltic Board, Head of Dispute Resolution…
 Agnese Hartpenga  photo Agnese Hartpenga Partner
 Inese Hazenfusa  photo Inese Hazenfusa Partner, Head of Banking & Finance practice group, Latvia
 Jānis Kāršenieks  photo Jānis Kāršenieks Associate
 Aija Kreicberga  photo Aija Kreicberga Associate
 Gundars Madelis  photo Gundars Madelis Associate
 Andra Rubene  photo Andra Rubene Partner, Head of Mergers & Acquisitions practice group, Latvia
 Vladlena Rudusāne-Simiča photo Vladlena Rudusāne-Simiča Associate
 Zane Skļamina  photo Zane Skļamina Associate
 Māra Stabulniece-Veldruma photo Māra Stabulniece-Veldruma Senior Associate, Co-head of Competition practice group
 Toms Tīdemanis  photo Toms Tīdemanis Associate
 Kaspars Treilibs  photo Kaspars Treilibs Associate
 Rūdolfs Vilsons  photo Rūdolfs Vilsons Associate
Number of partners worldwide : 33
Number of lawyers in Baltics : 150+
International Lawyers Network
Latvian Bar Association
Contact : Ivars Grunte, Managing Partner,
Other office : Tallinn, Estonia
Other office : Tartu, Estonia
Other office : Vilnius, Estonia


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


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.