Firm Profile > TGS Baltic > Tallinn, Estonia

TGS Baltic
ADMIRAL HOUSE
AHTRI 6A
10151 TALLINN
Estonia

Dispute resolution Tier 1

TGS Baltic is known for its track record in white-collar crime and corruption cases. The team handles a broad variety of disputes, including tax, real estate, competition and insolvency matters, and is particularly active in the financial services, energy, transport and infrastructure sectors. Martin Tamme is well-known as an authority on real estate and transport litigation. Chirag Mody and Martti Peetsalu jointly lead the group with contract law and insolvency expert Paul Varul. Senior associate Kedli Anvelt is also noted.

Practice head(s):

Paul Varul; Martti Peetsalu; Chirag Mody

Other key lawyers:

Martin Tamme; Kedli Anvelt

Testimonials

‘The are exceptionally professional. They also have a very wide outlook on legal problems. ’

‘Kedli Anvelt is smart and very analytical and experienced. She is also one of those exceptional lawyers who can see another perspective and see solutions where some might see only the problem. She often comes up with very clever, and not that obvious, answers to seemingly dead-lock situations.’

‘What makes this practice unique is their accuracy and cognition. The key capabilities involve as well strong mentoring capabilities, organised team work etc. ’

‘I would like to emphasize the accuracy and cognition as well as the level of strategical thinking of the individuals working for this company. I would specifically like to highlight and mark such top notch level professionals as Paul Varul and Kedli Anvelt.’

‘Senior associate Kedli Anvelt is a very good specialist litigator.’

Key clients

Credit Suisse

Dreymoor Fertilizers Overseas Pte Ltd

Port of Tallinn

First Telecom Trading (Marcel Vihmann)

Rimi Eesti Food

Tartu Ülikool (University of Tartu)

Tartu Agro

Tallinna Linnatranspordi AS

Swedbank

TS Laevad

Elering

Operail (formerly EVR Cargo)

EstateGuru

Levikom

Royal Estate

Pikk Kinnisvara

Tallink

Real estate and construction Tier 1

TGS Baltic is known for its record advising on infrastructure and construction, with experience acting for clients in the renewable energy and transportation and logistics sectors. Peeter Viirsalu is key to this work, and also has extensive experience of distressed assets. He jointly heads the team with Martin Tamme, who is an expert on planning and development project financing.

Practice head(s):

Peeter Viirsalu; Martin Tamme

Testimonials

‘Martin Tamme – excellent negotiation skills, always choosing the shortest and most beneficial possible route to the client, even if the process might be quite challenging.’

‘We mostly work with Peeter Viirsalu from TGS. He is our first contact in all legal questions that we may have. This is because of his exceptionally good response time and his ability to give his first view on the problem very quickly. We also value that he is very honest with us, he has never misled us or given us false hope in difficult situations. In our sector we value quick and straight to the point advice and the fact Peeter is always available and well in touch with all our cases even if he has delegated the work.’

‘Perhaps the greatest value to me has been the ability of TGS Baltic to act promptly, pull together the necessary team and act as a project management company, i.e. being pro-active and leading the process in a M&A transaction or a dispute the client’s needs for legal advice differ vastly from in-house knowledge.’

‘I feel Mr Martin Tamme respects me as a person and the manager of my organization, understands my high moral standards and work ethics and ultimately follows these values while proposing solutions to outstanding problems. He is determined and respects agreed deadlines by involving as much resources from his office as necessary.

‘Very knowledgeable of our sector. Very good reputation in the sector. Very accessible and responsive. Straight to the point, no time wasted on typical lawyering. They have always delivered what was agreed and on time – for us in the construction business this is the true proof of quality. ’

‘Teamwork would be the keyword and answer – meaning, that if during the cases our team members (from TGS) weren’t 100% confident with some issues, they analysed and discussed with other colleagues, so we always had a satisfying result. I can say that to us seems that the teams and teamwork is very strong in TGS. And I do like the idea.’

‘Martin Tamme – our main contact in TGS and we have a very long client relationship. Martin is very strong in various fields, very adequate to assess the potential of cases and the reality of solutions, as well as very adequate in assembling teams.’

‘In our experience and in comparison to other firms that we have worked with the TGS team is of the highest professional standard.’

‘From the construction practice we are closely working together with partners Peeter Viirsalu and Martin Tamme. Martin and Peeter form an exceptional team whose insight and knowledge of our business is exceptional. Martin Tamme has a vast knowledge of the regulations applicable to our business in different markets, combined with his keen business sense we trust him even in most complex questions. Peeter Viirsalu has proven himself as ultra responsive. In Peeter’s case our team values especially his ability to understand and explain difficult legal problems in an understandable way and propose solutions fitting our needs.’

Key clients

Estiko Energia

City of Tallinn

Port of Tallinn

Invego

Reterra Estate

1 Partner

Shipping and transport Tier 1

The transport practice at TGS Baltic operates across numerous sectors, namely rail, aviation, road and public passenger transport. Core strengths are in financing, claims for damages and forced arrests of vessels, PPP projects, warehousing and property management services for ports. Senior associate Martti Peetsalu has extensive expertise in litigation and in restructuring and insolvency.

Practice head(s):

Martti Peetsalu

Testimonials

‘Martti is an extremely analytical, pro-active and commercial lawyer, which is a unique combination as you would usually find not more than one of these capabilities in a lawyer. However, Martti is always acting like chess player – thinking several steps ahead, making the right predictions and advising his clients accordingly. ’

Key clients

Credit Suisse

Port of Tallinn

Operail

Mediterranean Shipping Company (MSC)

Hellmann Worldwide Logistics

Tax Tier 1

TGS Baltic primarily handles tax disputes, drawing on its extensive expertise in tax litigation. The team also handles a range of day-to-day advice for corporates, including VAT and income tax. Helmut Pikmets is well known for his disputes work, having appeared before the Estonian Supreme Court in tax cases. Senior associate Sergei Jegorov is noted for his corporate taxation, risk and restructuring advice.

Practice head(s):

Helmut Pikmets

Other key lawyers:

Sergei Jegorov

Testimonials

‘Speaking from an international perspective, I can rate the service quite good. The leading tax lawyer in TGS is Helmut Pikmets who has communication channels with the Estonian Tax and Customs Board which, combined with his experiences with numerous cases from the past, he can draw from to provide advice with reasonably accurate expectations of how the tax authorities would react to legally unclear cases.

‘Helmut Pikmets: Has great expertise and some informal ties to the Tax Board to be able to anticipate their governing operating principals for decisions without a clear precedent. Available for calls and meetings at odd hours to get things done.’

‘TGS Baltic tax team has been a most valued partner in dealing with our complicated international tax matters where we used their outstanding competencies and knowledge.’

‘We have had pleasure to work with absolutely the best tax professionals that we could get in Estonia. Helmut Pikmets and Sergei Jegorov are both excellent team players that fit into our team right from that beginning. We consider it really important that Helmut and Sergei are both well known tax practitioners with long history of dealing with this kind of complicated tax matters what we were facing.’

Key clients

Luminor

Tallink Group

Swedbank

Imatra Elekter

Baltic Ground Services

HKScann

Banking, finance and capital markets Tier 2

TGS Baltic is particularly recommended for fintech and financial regulatory matters, with a particular niche in the setup of crowdfunding and P2P lending platforms. Practice head Kirsti Pent, who joined from FORT in July 2020, has experience advising both traditional financial institutions and fintech clients. Associate Elina Varendi has a growing practice providing regulatory assistance, and also advises clients on alternative and start-up financing. Other key areas of work for the team include capital markets transactions, where it has a strong record in bond issuance.

Practice head(s):

Kirsti Pent

Other key lawyers:

Elina Varendi

Key clients

EstateGuru

PRFoods

Bigbank

Advapay

GetID

Risk Point A/S, UK Branch

Opera

Tuleva

Rimi

IUVO Group

Commercial, corporate and M&A Tier 2

Key areas of work at TGS Baltic include regulated M&A, distressed assets, shareholders' disputes and complex restructurings. The team has extensive experience acting for clients in the energy, manufacturing, finance and IT sectors. Kadri Kallas jointly heads the M&A practice with Sander Kärson, who is noted for his expertise in pharmaceuticals. Leonid Tolstov leads the wider corporate group and is key to its real estate work.

Practice head(s):

Kadri Kallas; Sander Kärson; Leonid Tolstov

Key clients

Opera

Veho

Ares Management

JPJ Group

Creandum

Estiko Energia

Framm

Eden Springs

VBH

Foxsmile

Kafo

Seto Capital OÜ

1Home Group

Employment Tier 2

TGS Baltic deals with a wide variety of employment issues, including restructuring, re-organisations and director's personal liability. The group handles a growing number of privacy and data protection matters. Senior associate Anu Kirss leads the practice; she has particular experience in the retail, pharmaceutical and hospitality sectors.

Practice head(s):

Anu Kirss

Testimonials

‘The TGS Baltic team is a highly devoted team of professionals. They have the resources to cover all areas of business law and cover the needs of clients in a timely and efficient way. ‘

‘The TGS Baltic employment team has always shown a high level of knowledge and experience and offered practical solutions to our questions. They have supported us with fast and well sophisticated solutions in everyday matters and also during the difficult times caused by the COVID-19 crisis.’

 

Key clients

Tartu Ülikool

Baltika

Apranga

Kodumaja

Philip Morris

Timbeco

EU and competition Tier 2

TGS Baltic handles high-profile merger cases and complex state aid matters. Senior associate Triinu Järviste heads the team and has experience defending clients in state aid complaints. She is also recommended for her experience advising clients in the transport and energy sectors. Katri Paas-Mohando is an expert on EU and state aid law.

Practice head(s):

Triinu Järviste

Other key lawyers:

Katri-Paas Mohando

Testimonials

‘Katri Paas-Mohando stands out for her excellent academic knowledge in the competition law field which she can translate into working business solutions.’

‘Very good skills and communication.’

‘They have great knowledge in this field and we depend on their support to survive in the competition situation.’

‘Their willingness to listen to the client and be proactive distinguishes them significantly from other companies with which we have cooperated.’

Key clients

Tartu Agro

FZE Procyone

Lemiro Eesti

CircleK Eesti

Eesti Post

Operail

Ministry of Finance

IP, IT and telecoms Tier 3

TGS Baltic focuses on privacy and data compliance advice, with specific sector experience in healthcare and finance. The team also handles commercial licensing and contracts, and IP disputes. Senior associate Mari-Liis Orav heads the team; she advises on the transfer of IP rights and on software development.

Practice head(s):

Mari-Liis Orav

Testimonials

‘TGS Baltic gathered a team with different backgrounds to solve a problem, which entailed questions from data protection and IT. They conducted a more thorough analysis than expected – I really saw an extra effort.’

‘They have excellent specialist knowledge in intellectual property matters and they are easily able to adapt their advice to the specific case and situation ’

Key clients

EstateGuru

Yum! Restaurants

Fujitsu Estonia

Interflora Inc., Fleurop-Interflora

SITA

LifeUP

Advapay

Rimi Eesti Food

Daniela Dalberg-Dyageleva

Digiraamatute Keskus

Menu Meedia

Levila

Liikluslab

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.

Areas of practice
Corporate and M&A: the firm gives full-range corporate and M&A advice from establishments to complex restructurings and local and cross-border M&A transactions to trade and PE clients. The firm’s expertise ranges from real estate, retail and energy to IT and pharmaceuticals.

Banking and finance: the firm advises its clients on regulatory issues as well as transactional matters. Its key strengths lie in alternative funding, crowdfunding, payment services and licensing, a sample of which is a pending bank licence for co-operative bank Eesti Ühistupank – a first bank licence in Estonia that is being processed by the ECB.

Regulatory: the firm has wide experience in public procurement, its key strengths being dispute resolution and investigation of offences, including violations of EU structural funds. Its expertise in competition law, particularly in disputes and EC proceedings, is outstanding. The firm also advises on all aspects of IP, pharmaceuticals and energy.

Real estate: the firm has a full-service real estate and construction team offering advice on infrastructure development projects such as commercial and retail property matters including real estate M&A. The team is well known for seamless service for developers as well as managing highly complex projects such as distressed assets M&A, alternative financing schemes, complex joint ventures and solving dead-locks in construction and development projects.

Tax: the firm’s top-tier tax practice handles 30+ tax cases a year. It is especially qualified in tax litigation having been involved in major tax disputes of the region.

Dispute resolution: the firm is also well known for its dispute resolution and litigation practices having been involved in some of the most complex and principal Supreme Court cases. Its wide experience extends from tax litigation to corporate, competition, IP, construction, transport and insolvency disputes.

Insolvency: the firm is historically known for its outstanding insolvency and reorganisation practice led by name partner Paul Varul who has been involved in drafting all legal acts on insolvency and reorganisation law. The firm advises on 50+ insolvency and reorganisation cases annually, including representing major Scandinavian banks such as Swedbank, Nordea and Luminor.

Department Name Email Telephone
M&A Kadri Kallas
M&A Sander Kärson
Corporate/commercial Leonid Tolstov
Litigation and arbitration Paul Varul
Real estate and construction Martin Tamme
Insolvency and restructuring Paul Varul
Insolvency and restructuring Peeter Viirsalu
Employment Anu Kirss
Employment Triin Kaurov
EU and competition Katri Paas-Mohando
EU and competition Triinu Järviste
Tax advice and tax disputes Helmut Pikmets
IP, IT Peeter Viirsalu
IP, IT Sander Kärson
Shipping and transport Martti Peetsalu
Healthcare and pharmaceuticals Sander Kärson
Healthcare and pharmaceuticals Ingeri Luik-Tamme
Energy and infrastructure Anu Kirss
Banking and finance Kirsti Pent
Litigation and arbitration Chirag Mody
Photo Name Position Profile
Mag iur Vitali Šipilov  photo Mag iur Vitali Šipilov Vitali Šipilov has considerable experience advising on public and administrative law, as…
Mag iur Kedli Anvelt  photo Mag iur Kedli Anvelt Kedli Anvelt advises clients on all aspects of insolvency, including cross-border matters.…
Mag iur Triinu Järviste photo Mag iur Triinu Järviste Triinu Järviste is a competition law expert advising clients on forbidden anti-competitive…
Mag iur Sander Kärson photo Mag iur Sander Kärson Sander Kärson, co-heading the M&A practice, is involved in most of the…
Mag iur Kadri Kallas  photo Mag iur Kadri Kallas Kadri Kallas has extensive experience in the areas of mergers and acquisitions,…
Mag iur Triin Kaurov  photo Mag iur Triin Kaurov Triin Kaurov has long-term and significant experience in advising clients on administrative…
Mag iur Anu Kirss  photo Mag iur Anu Kirss Anu Kirss advises clients mainly in the field of corporate and employment…
Mr Mikk Lõhmus  photo Mr Mikk Lõhmus Mikk Lõhmus focuses on various dispute resolution matters. He mainly focuses on…
Mag iur Ingeri Luik-Tamme  photo Mag iur Ingeri Luik-Tamme Ingeri Luik-Tamme is one of the few Estonian lawyers specialising in healthcare…
Mag iur Merli Mäesalu  photo Mag iur Merli Mäesalu Merli Mäesalu has notable experience and a wide knowledge base in advising…
Dr iur Katri Paas-Mohando  photo Dr iur Katri Paas-Mohando Katri Paas-Mohando has over 13 years of practical experience in advising clients…
Mag iur Martti Peetsalu  photo Mag iur Martti Peetsalu Martti Peetsalu has unique experience in advising clients in the field of…
Mr Helmut Pikmets  photo Mr Helmut Pikmets Helmut Pikmets has been involved in numerous high-profile tax disputes, many of…
Mag iur Martin Tamme  photo Mag iur Martin Tamme Martin Tamme has extensive experience in all real estate, planning and construction…
Mag iur Dmitri Teplõhh  photo Mag iur Dmitri Teplõhh Dmitri Teplõhh has extensive experience in the field of criminal law. Dmitri…
Dr Jur Leonid Tolstov  photo Dr Jur Leonid Tolstov Leonid Tolstov advises clients on various matters, such as on transactions, mergers,…
Dr Jur Paul Varul photo Dr Jur Paul Varul Senior Partner and Attorney-at-Law Paul Varul has advised a wide range of…
Mag iur Peeter Viirsalu  photo Mag iur Peeter Viirsalu Peeter Viirsalu focuses mainly on matters relating to bankruptcy law and construction…
Number of partners worldwide : 33
English
Estonian
Finnish
French
German
Latvian
Lithuanian
Polish
Russian
International Bar Association
TerraLex
Estonian Bar Association
Contact : Sander Kärson (managing partner, sander.karson@tgsbaltic.com)
Other offices : Riga
Other offices : Tartu
Other offices : Vilnius
Number of other lawyers worldwide : 150+

 

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.