TGS Baltic > Tallinn, Estonia > Firm Profile

TGS Baltic

Estonia > Fintech Tier 1

TGS Baltic is active in financial regulatory matters, especially innovative and new financial service-related matters, and counts crowdfunding platforms among its key clients. Practice head Kirsti Pent is highlighted for her strength in new technologies. Elina Varendi and Olger Kaelep are also key team members, and are regularly engaged in regulatory work, a strength of the broader group. The team adopts a multidisciplinary approach and is therefore able to advise on areas of law which are often connected to fintech matters such as IP and data protection.

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Other key lawyers:


‘My contact for all fintech, finance and regulatory matters in Estonia.’

‘Kristi Pent is most knowledgeable in new technologies.’ 

Key clients



Tallinna Kaubamaja Group


Finora Bank


Bondora Group

Eleving Group


Income Company

Truffle Capital



Primero Finance

Work highlights

  • Advised Crowdestate on obtaining the first crowdfunding licence in Estonia.
  • Advised Bondora Group on product development.
  • Advised TKM Finants (part of TKM Group) on obtaining the necessary authorisations and launching its credit services.

Estonia > Shipping and transport Tier 1

TGS Baltic assists clients with a range of transport matters, from aviation to shipping, utilising its ‘comprehensive knowledge of maritime law‘ and international contacts to assist foreign transport companies. Practice head Martti Peetsalu is integral to the group’s work and is a well-known litigator with a history of representing clients in the Supreme Court in transport matters. Triin Kaurov‘s multidisciplinary approach is also instrumental to the team’s success in a range of mandates.

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Other key lawyers:


‘TGS has a team of lawyers who have unique experience in maritime law. Expertise and passion in this field.’

‘Triin Kaurov and Martti Peetsalu are easy to work with as they are goal oriented and practical in achieving the results. They are capable of mediating different opinions and finding solutions which suits everybody. They have the passion to go in-depth on issues and they don’t stop until they have found a solution, a characteristic which creates trust, and I can rely on the fact that when a problem needs to be solved, it will be solved.’

‘TGS Baltic is excellent in shipping and transport matters, but also in other fields and it gives the right combination for a great law firm. The team is always able to provide high quality legal assistance and we appreciate their quick rational solutions to our matters. TGS Baltic has good contacts abroad and if we urgently need legal advice abroad, we are sure that we are safe in cooperation with TGS Baltic.’

‘Triin Kaurov is a very committed, solution-oriented, and trustworthy partner. She has remarkable experience in a wide range of practice areas (she understands our business shipping and transport, but also dispute resolution, public law, regulatory matters, and employment matters). We appreciate her professionalism. She solves all our matters so pragmatically and simply and at the same time so thoughtfully – it is remarkable.’

‘Martti Peetsalu specialises in shipping and transport matters. Martti has remarkable experience in dispute resolution and is very competent in complicated matters with international elements. We appreciate his considerable experience, responsiveness, and rational and well-considered solutions. His professional attitude is remarkable.’

Key clients

Port of Tallinn


Hellmann Worldwide Logistics

Mediterranean Shipping Company


TS Laevad and TS Shipping

Swedbank (Estonia)

Ministry of Economic Affairs and Communication


TaxMal Limited

Alfons Hakans

LHV Pank (fourth largest bank in Estonia)

Shedfish Oy

Eesti Loots

The Association of Estonian International Road Carriers

Eesti Traat OÜ


Hertz International

Inchcape JLR Finland Oy

Estonian Road Administration (ERA)

Work highlights

  • Representing Swedbank in a complex case concerning transport of metal goods and a warranty given to Swedbank to secure its financing of the goods.
  • Representing SOE Port of Tallinn and its former directors in a high-profile criminal case.
  • Represented AS Operail in a high-profile case over the legality of rail infrastructure fees and the competence of the Estonian authorities to determine these fees.

Estonia > Tax Tier 1

TGS Baltic is a popular choice among major companies and financial institutions in Estonia. Practice head Helmut Pikmets has appeared in cases in the European Court of Human Rights and the Supreme Court of Estonia. Pikmets is ably supported by senior associates Sergei Jegorov and Dmitri Teplõhh, who act in a range of tax disputes, a key area of focus for the team, which is able to handle a large volume of cases in tax law. Teplõhh is also able to handle white-collar crime disputes related to tax law.

Practice head(s):

Other key lawyers:

Key clients


Tallink Group


Imatra Elekter

Baltic Ground Services





Circle K


Møller Eiendom group





MAXIMA Estonia


Work highlights

  • Represented Metrosystem in the administrative court against the Tax Board in connection with the taxation of buying up used pallets.
  • Advised Estonian energy company Bioforce in setting up a joint venture with HKScan for building and operating a biomethane factory.
  • Advised a cybersecurity expert on the sale of 100% shares in SM7 Software (SpiderFoot).

Estonia > Banking, finance and capital markets Tier 2

Major banks in the region, such as Coop Pank, turn to the finance team at TGS Baltic. In 2022 and 2023, the group was involved in some of the largest transactions in the country, and it is also active in complex regulatory matters. Kirsti Pent, who leads the team, has a great deal of experience in banking law, particularly in mandates related to financial innovation. Kirill Ležeiko was a new arrival in 2024 following the firm’s merger with PwC Legal.

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Other key lawyers:


‘Kirill Lezeiko is very well aware of the trends occurring in financial world, especially when it comes to digital securities. He also has very good analytical skills as well.’

‘The team that advised us was fully competent in the Fintech sector, also finding new innovative solutions and they were easy to work with.’

‘Individuals were specialists in their field and cooperation with them is characterized by the following keywords – openness, involvement, and speed.’

‘Unique because of their wide spectrum of services. There is no topic that they could not handle.’

‘Kirill Ležeiko is always positive and solution-oriented. He cares about his clients and always keeps his promises.’

‘Priit Lätt and Kirill Ležeiko are exceptional, detail-oriented professionals who consistently provide clear and comprehensive solutions, even for the most intricate challenges we encounter. We are confident that within Estonia, few legal experts can match their profound understanding of our business model and its intricacies.’

‘In our opinion, Priit Lätt stands as the foremost authority on the innovative concept of a decentralized autonomous organization.’

‘Kirill Ležeiko possesses the acumen to ask the right questions and a profound understanding of both theoretical and practical aspects of tokenization processes.’

Key clients

SEB Pank

LHV Pank



Tallinna Kaubamaja Group

Eesti Post

ERGO Insurance

TulevaFinora Bank


Coop Pank

Eleving Group

Bondora Group


Truffle Capital



Värska Originaal AS

MTÜ Solid World DAO

Teledisko DAO OÜ

LimeWire GmbH

Ambr Exchange AS

Ettevõtluse ja Innovatsiooni Sihtasutus (EAS)

FINRAX Exchange OÜ N

IPF Digital AS

Crowdcredit Estonia OÜ

Ridango AS

Earthtide Labs OÜ

Work highlights

  • Advised Starship Technologies on obtaining a €50,000,000 loan from European Investment Bank.
  • Advised Crowdestate on obtaining the first crowdfunding license in Estonia.
  • Advised Operail on the application of international sanctions in the sale of rail wagons in excess of €50,000,000 on aggregate.

Estonia > Commercial, corporate and M&A Tier 2

TGS Baltic‘s corporate and M&A team is jointly led by Sander Kärson, Kadri Kallas and Leonid Tolstov, who is highlighted as ‘strong in the field of corporate matters‘. Beyond its corporate law expertise, the group is also well versed in handling multidisciplinary matters. Among the group’s impressive client base are start-up investors and start-ups, which the group advises on various everyday corporate issues, as well as many private equity investment matters. Indrek Ergma and Karin Marosov were new arrivals in early 2024 following the firm’s merger with PwC Legal.

Other key lawyers:


‘We need a very versatile legal approach to our business. In this regard TGS Baltic is really outstanding, that they cover all areas we need for our business. Their team is well informed about the latest developments not only in the legal environment, but also concerning our business.’

‘Leonid Tolstov is strong in the field of corporate matters. He also has an understanding knowledge of other legal areas.’

‘The team is very competent in commercial, corporate and M&A. We had an urgent transaction and we got exactly the help we needed. Very good understanding of what was needed and when, so we were very calm during the process as everything was planned and taken care of.’

‘Very experienced, competent, fast, and approachable team. Strong reputation from multiple references and I was very happy with their work and answers to strategic questions.’

‘Sander Kärson was recommended to me and did a great job.’

‘Very long term cooperation, trust and always reachable.’

‘Seamless document management. Proactive process. Wide range of industry-specific skills.’

‘Indrek Ergma – outstanding legal knowledge and long-term industry experience. Always accessible, polite and keeps his deadlines. Friendly and very pleasant to work with. Always on top of things, attentive to details and thorough, quickly grasps the instructions given. Very professional and supportive. Would recommend to anyone at any time such a talented lawyer who is foremost a problem solver.’

Key clients


LHV Varahaldus

Auto-Bon, AutoHalle (Bassadone Group)


Merko Ehitus Eesti

Truffle Capital

Eesti Post


Inventure VC

OTB Ventures


Zaka Startup 2, j.s.a.

Better Medicine


Golden Fields Factory


Nõo Lihatööstus


SmartCap Green Fund


Green Estonia OÜ

Wolf Group

Havila OÜ

Estonian Red Cross

Gi Group


Wolf Group

Vision Consulting

Eesti Loots

Estonian Business and Innovation Agency (a.k.a. EAS, Enterprise Estonia)


Gren Eesti AS

Solid World




Work highlights

  • Advised Bioforce on setting up a joint venture with HKScan.
  • Advised Auto-Bon on the Estonian, Latvian and Lithuanian law aspects of the acquisition of the Opel import business in Estonia, Latvia, Lithuania and Finland from LänsiAuto.
  • Advised the shareholders of Standard on the sale of their shares to strategic investor Green Estonia.

Estonia > Dispute resolution Tier 2

Overseeing the dispute resolution practice at TGS Baltic are Paul Varul, a ‘senior academic whose presence in the team makes a lot of difference‘, alongside Martti Peetsalu and Chirag Mody. The group ‘is backed up by very talented senior associateKedli Anvelt, who has strong knowledge of the financial services industry. The diverse work covered by the practice includes civil disputes, an area of expertise for Varul, who displays an ‘immense knowledge of European civil law‘. Indrek Leppik, Indrek Kukk, Priit Lätt and Erki Fels were new arrivals following the firm’s merger with PwC Legal.

Practice head(s):


‘TGS has one of the best and most proficient dispute resolution teams on the Estonian market. They are able to handle the biggest and most difficult cases effectively and with great results. What I especially value is the fact that their dispute resolution team is very well balanced having a very good representation of very experienced attorneys but at the same time they have been able to attract young talent as well.’

‘My business is handled by senior partner Paul Varul who is an undisputed star of Estonian civil law being the main author of most of the civil law acts of independent Estonia. Paul is backed up by very talented senior associate Kedli Anvelt and partner Peeter Viirsalu. The team has produced excellent results, and I am very pleased with their work.’

‘The team comprises an excellent mix of people combining deep academic knowledge of law with rich practical experience in the field of dispute resolution. They are approachable and able to communicate complex issues with ease. Their command of the English language is impeccable.’

‘Chirag Mody was our main contact. He makes the best possible impression both as a lawyer and a person by combining legal excellence with amazing communication skills. He is capable of analysing even the most complex factual scenarios and laws in a creative and fruitful manner while not losing sight of the broader strategic objectives. His service is competent, fast and highly effective – actually he has never lost a case we entrusted him with.’

‘Paul Varul is a senior academic whose presence in the team makes a lot of difference. He has immense knowledge of European civil law and is able to use it for the client’s benefit creatively. This has proved particularly useful in Estonia, whose law has apparently taken a lot of inspiration abroad and remain open to foreign influence. Professor Varul is a calm, experienced and highly competent individual.’

‘Professional attitude. The team is aware of the latest developments in the field.’

‘Martti Peetsalu has a professional attitude, is friendly and always offers solutions.’

‘Young, eager and professional team. Tackle problems with a passion. Sufficient depth to cover matters effectively. Senior partners still involved to provide interesting viewpoints.’ 

Key clients

Port of Tallinn



Taxmal Ltd

Inchcape JLR Finland Oy


Estonian Center for Integrity in Sports (ESTCIS)

Eesti Traat OÜ

Estonian Road Administration (ERA)

Rimi Eesti Food AS (Rimi)


Estonian Public Broadcasting

CoopPank AS

Jetoil AS

CrowdEstate AS

EstateGuru AS

MDC Daetwyler AS

Dreymoor Fertilizers Ltd

Ministry of Economic Affairs and Communications

TS Laevad and TS Shipping

Republic of Estonia Health Board

Estonian Business and Innovation Agency (formerly Enterprise Estonia)

Lääneranna Vallavalitsus/The Government of Lääneranna Parish

Sunly Solar

Delfi Meedia

Eesti Metsa Abiks/Estonian Forest Aid

AS GoBus

Eesti Tervisekassa (Estonian National Health Insurance Fund)

Estonian Railways

Tartu Municipality

GoTravel AS

Ida-Tallinna Keskhaigla (East Tallinn Central Hospital)

Riigi Kinnisvara Aktsiaselts


Salinee OÜ

Scandagra Eesti AS

The Estonian Chamber of Enforcement

Officers and Trustees in Bankruptcy

Work highlights

  • Represented Estonian Centre Integrity in Sports (ESTCIS) in all Estonian proceedings and in the Court of Arbitration for Sports against a top Estonian athlete and Olympic medallist who tested positive for letrozole.
  • Representing Swedbank in a complex case concerning the transport of metal goods with an approximate value of $18m and a warranty given to Swedbank.
  • Represented and negotiated a favourable compromise for AS Operail in a high-profile case over the legality of rail infrastructure fees.

Estonia > Employment Tier 2

TGS Baltic‘s employment group demonstrates ‘professionalism and good teamwork‘ while dealing with a range of contentious and non-contentious labour law issues. Anu Kirss jointly leads the group alongside Triin Kaurov, who is praised for her ‘remarkable experience, and very rational and well-considered solutions‘, and new arrival Indrek Ergma, who joined the firm in early 2024 following its merger with PwC Legal. Restructuring is a standout area for the group, and personnel restructuring a key area of work for Kirss.

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Other key lawyers:


‘TGS Baltic lawyers are highly experienced professionals. The team is remarkable. They always think along our business and take care of our real needs. They are always focused on logical solutions. TGS Baltic also focuses a lot on ESG issues, and for our business it has crucial importance.’

‘Their service levels and responsiveness are accurate and quick.’

‘Triin Kaurov has remarkable experience in a wide range of practice areas. She is a very experienced, solution-oriented, and trustworthy partner. We appreciate her professionality. She solves all our matters so pragmatically and simply and at the same time so thoughtfully. It is remarkable. We also appreciate her because of her responsiveness, and she always finds time for us.’

‘The TGS Baltic employment team has always had a high level of knowledge and experience and they have offered practical solutions to our questions. They are quick and smart and real professionals, and they are responsive. We can trust TGS Baltic. They pay a lot of attention to ESG and sustainability issues, which are very important to us.’

‘The team demonstrates professionalism and good teamwork.’

‘Triin Kaurov has remarkable experience, and she always has very rational and well-considered solutions. She can see the big picture and thus mitigate potential risks that we would never ever consider. Also, we appreciate her commitment.’

‘Siret Saks has remarkable experience in immigration issues and also in remote work questions. She is so quick, highly committed and solution determined.’

‘Indrek Ergma knows our business and the challenges we have. He is business minded and proactive. We feel that he is not only our lawyer, but also he is like a trusted partner for us. He always gives realistic deadlines to his work. We really value business minded partners and Indrek has that characteristic.’

Key clients

Mars Eesti

KM Element

Peaceful Tech

Unilever Eesti

ACC Distribution

Merck Sharp & Dohme

Nõo Lihatööstus

Riigi Kaitseinvesteeringute Keskus (Estonian Centre for Defence Investments)

Raintree Systems





AS Eesti Loots


Fujitsu Estonia Philip Morris International


General Electric


Ionisos Baltics

GI Group



Breakwater Technologies


Rich Creative Solutions



Italian Embassy in Estonia

Work highlights

  • Advised Mars on the reorganisation of its field personnel in the Baltic countries.
  • Represented the Estonian Centre for Defence Investments in a dispute that is a landmark for secondment-based employment relationships.
  • Represented Paxful (Peaceful Tech) in a dispute against a former employee and his company for breach of non-compete and non-solicitation clauses.

Estonia > EU and competition Tier 2

TGS Baltic has ‘very good experts who are doing good work to understand the aims of the client’. Triinu Järviste heads the team and is a ‘real expert in competition and state aid questions’. Another key team member is Triin Kaurov, who has ‘remarkable experience, is very committed, and gives rational and well-considered solutions’. As a whole, the group has been involved in many of the major competition law investigations in recent years, and recently won a state aid case in the European General Court. Triinu Järviste is another name to note for competition law matters.

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Other key lawyers:


‘TGS Baltic has very good experts and they are doing good work trying to understand the aims of the client. They are looking for the best solution and understand business well. We received very good results surprisingly fast.’

‘They have very professional knowledge about complicated legal questions. At the same time they are very solution-oriented and have good communication skills.’

‘We like the expertise, correctness, and adherence to deadlines of TGS Baltic’s lawyers. Time and opportunities for constructive meetings are always found. We love their ability to put together the most competent teams of experts for a particular matter. And in addition to their expertise in solving our matters, it is pleasant that trainings, information mornings are organized for clients.’

‘TGS Baltic’s attorneys are great professionals who are not only highly experienced but also can show remarkable teamwork. Our main contact is Triin Kaurov. She has remarkable experience, very committed, and gives rational and well-considered solutions. I would like to highlight Triinu Järviste and Vitali Šipilov. Triinu is a real expert in competition and state aid questions and Vitali is very analytical.’

‘I find the firm to be very business-minded. They give very straight/black and white answers despite the fact that competition law is very grey with its rules. This is something that businesses greatly appreciate. I also feel that they know business very well and are not just lawyers.’

‘Triinu Jarviste is our main contact and the reason we use TGS Baltic services. Very professional.’

Key clients



Phillip Morris International



SEB Pank AS / SEB bankas AB

Eesti Post AS

LHV Varahaldus

Elering AS

Port of Tallinn

Operail AS

ERGO Insurance SE

City of Tallinn

Rimi Eesti Food

Estonian Authors’ Society

City of Tartu

Rickman Trade

Autohalle AS

Environmental Investment Centre

Bigbank AS

Merko Ehitus Eesti

Ministry of Environment of the Republic of Estonia

Cultural Endowment of Estonia

Estonian Association of Information Technology and Telecommunications

MTÜ Eesti Muuseumiühing

Tallinna Kaubamaja

Work highlights

  • Represented Tartu Agro in the European Union General Court in disputing the European Commission decision finding illegal state aid being given to Tartu Agro.
  • Represented Auto-Bon, a Bassadone Automotive Nordic group company, in the merger proceedings in the Estonian, Latvian and Lithuanian Competition Authorities.
  • Advising Eesti Post (Omniva) on several high-profile competition law cases before the Estonian Competition Authority and everyday activities.

Estonia > Real estate and construction Tier 2

TGS Baltic‘s ‘very strong and versatile‘ team is well versed in a range of matters, from public contracts to construction disputes to real estate transactions. The highly regarded Peeter Viirsalu balances a broad workload and is proficient in contractual matters and disputes, among other areas, and Eva Arumets works on the full life cycle of real estate projects. The group was bolstered by the 2024 arrivals of Karin Marosov, Jana Tudelep and Ingeri-Helena Kakko following the firm’s merger with PwC Legal.

Practice head(s):


‘A very strong and versatile composition team led by a creative and very able leader in Peeter Viirsalu. They truly cover all aspects of our real estate development and construction business needs.’

‘Peeter Viirsalu is our number one go-to attorney with every legal problem we might have. He is very proficient in real estate related matters (both contractual and litigation), but also has an excellent knowledge and ample experience in other legal matters as well. Combine this with his high approachability and professionalism and you have a legal partner that you enjoy working with.’

‘A quality team.’

‘Peeter Viirsalu’s knowledge of law and his ability to always strive for a solution that is profitable for us is very much appreciated.’

Key clients

Hepsor AS

Invego OÜ

Reterra Estate OÜ

City of Tallinn (Tallinn City Hall)

Kodumaja AS

Tallinn University (Tallinna Ülikool)

Mapri Ehitus OÜ

Port of Tallinn

Vintselle OÜ

Timbeco Woodhouse OÜ

The University of Tartu

Estiko AS

Ministry of Environment of the Republic of Estonia

Nordicelement Tallinn OÜ

EstHus OÜ

Framm AS

LHV Varahaldus AS


KRC Ehitus

Golden Fields

Volta 1

Tähtvere Tehnopark OÜ

Linnakodu OÜ

Espak Ehitustööd OÜ

Green Estonia OÜ

Wolf Group OÜ

Tartu linn

osaühing Rail Baltic Estonia

Riigi Kinnisvara Aktsiaselts

Oracle East Central Europe Limited Eesti filiaal

Porto Franco OÜ

Colonna Varahaldus OÜ

Osaühing Paleton

Corle OÜ

OÜ Lagedi Keskus

Andro Vilu

Work highlights

  • Advising KRC Ehitus on a complex building project in Tallinn.
  • Advising Neiq Finants on the €3m acquisition of a boutique hotel in Tallinn.
  • Advised Tähtvere Tehnopark, a subsidiary of Reterra Estate, on a complex multi-level sale and built-to-suit transaction.

Estonia > IP, IT and telecoms Tier 3

TGS Baltic ‘always delivers the result quickly‘. The firm has a particular focus on data protection, and also fields a team of ‘excellent IP law specialists‘ including senior associate Silvia Urgas, who is often involved in IP disputes. Peeter Viirsalu is also well versed in disputes, in addition to working with clients on matters connected to distressed assets. Priit Lätt joined as head of the IP and IT department in early 2024 following the firm’s merger with PwC Legal. Mari-Liis Orav left the firm.

Practice head(s):

Other key lawyers:


‘Cooperation and commitment.’

‘TGS Baltic always quickly finds a professional person to work with us and delivers the result quickly.’

‘I find it very useful and important that before digging into the task they first make sure they understand the challenge and then offer the most reasonable solution. If needed, they communicate directly with our counterparties.’

‘Great at IP, easy to contact, take their duty seriously.’

‘The team is truly specialist in their respective fields and work extremely well together. You receive excellent quality.’

‘We mainly work with Peeter Viirsalu, who knows our field of business very well and can therefore deliver quality. We have also worked with Silvia Urgas and Mari-Liis Orav who are excellent IP law specialists.’

‘Absolute top specialists with very good understanding of commercial aspects and needs of a specific client. Highly efficient (the speed of getting feedback and answers is incredible) and flexible approach, focused on a client and a specific solution. Interested in and contributing into the general development of the sector as such, not only oriented in providing legal consulting.’

‘Priit Lätt is an outstanding attorney.’

Key clients

Merck Sharp & Dohme OÜ

Circle K Eesti Aktsiaselts

MTÜ Eesti Muuseumiühing

Aktsiaselts Eesti Post (Omniva)

Eesti Autorite Ühing (Estonian Authors’ Society)

Fujitsu Estonia AS

Veriff OÜ

The City of Tartu and Tartu 2024 Foundation

Auto-Bon Baltic OÜ and AutoHalle Aktsiaselts

Inchcape Motors Estonia OÜ

CityBee and MyBee

ERGO Insurance SE

Adcash OÜ

Better Medicine OÜ

Mooncascade OÜ

AS Eesti Loots

Eesti Tudengisatelliidi Sihtasutus (Estonian Student Satellite Foundation)

Timbeco Woodhouse OÜ

Bondora Group AS

Volta1 OÜ

FitSphere OÜ

Steven Micallef

Francorp Baltic

Fairown Finance OÜ

Estonian E-residency team

Estonian Actors Union

Tallinn Black Nights Film Festival (PÖFF)

SK ID Solutions


Tietoevry Estonia


Estonian Railways

Solid World


The European Union Agency for the Operational Management of Large-Scale IT Systems in the Area of Freedom, Security and Justice (eu-LISA)

Rush Street Interactive

Vichy Catalan

Delfi Meedia

North Estonia Medical Centre Foundation (Põhja-Eesti Regionaalhaigla)

Ülemiste Center

NATO Cooperative Cyber Defence Centre of Excellence

teledisko DAO OÜ

Work highlights

  • Advised venture capital fund NFT.VC on making an investment into FoodTech startup äio tech OÜ.
  • Advised an IT specialist based in Switzerland on the sale of his Estonian company SM7 Software to Intel 471.

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 the 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 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
Banking and finance Kirsti Pent
Litigation and arbitration Paul Varul
Litigation and arbitration Chirag Mody
Dispute resolution Indrek Leppik
Shipping and transport Martti Peetsalu
Real estate and construction Peeter Viirsalu
Real estate and construction Karin Marosov
Insolvency and restructuring Paul Varul
Insolvency and restructuring Peeter Viirsalu
Employment / Corporate Indrek Ergma
Employment Anu Kirss
Employment Triin Kaurov
EU and competition Triinu Järviste
Tax advice and tax disputes Helmut Pikmets
IP/IT Priit Lätt
IP, IT and data protection Silvia Urgas
Healthcare and pharmaceuticals Sander Kärson
Healthcare and pharmaceuticals Ingeri Luik-Tamme
Energy and infrastructure Anu Kirss
Photo Name Position Profile
Kedli Anvelt photo Mag iur Kedli Anvelt Kedli Anvelt is an attorney-at-law with extensive experience in the field of…
Indrek Ergma photo Mr Indrek Ergma Indrek Ergma heads the Employment Practice Group in Estonia. Indrek’s main focus…
Erki Fels photo Mr Erki Fels Attorney-at-Law Erki Fels has successfully participated in several public procurement disputes that…
Triinu Järviste photo Mag iur Triinu Järviste Triinu Järviste is an experienced competition law specialist who has advised and…
Sergei Jegorov photo Mag iur Sergei Jegorov Sergei Jegorov primarily advises clients regarding corporate taxation, including the evaluation of…
Olger Kaelep photo Mr Olger Kaelep Olger has advised credit institutions, fintech and crowdfunding companies, insurers and payment…
Ingeri-Helena Kakko photo Mag iur Ingeri-Helena Kakko Ingeri-Helena advises clients at every stage of M&A transactions — from legal…
Kadri Kallas photo Mag iur Kadri Kallas Kadri Kallas has extensive experience in the areas of commercial and corporate…
Sander Kärson photo Mag iur Sander Kärson Sander Kärson, Managing Partner and a Co-Head of the M&A practice, is…
Triin Kaurov photo Mag iur Triin Kaurov Triin Kaurov has long-term and significant experience in advising clients on administrative…
Mirko Kikkamägi photo Mag iur Mirko Kikkamägi Mirko Kikkamägi has extensive international experience. He specialises in mergers and acquisitions,…
Anu Kirss photo Mag iur Anu Kirss Anu Kirss advises clients mainly in the field of employment and corporate…
Indrek Kukk photo Mr Indrek Kukk Indrek is a member of the Administrative Law Committee of the Estonian…
Priit Lätt photo Mr Priit Lätt Priit is a renowned specialist in IP, IT (including the internet of…
Indrek Leppik photo Mr Indrek Leppik Indrek develops litigation strategy and often represents clients in commercial, business, and…
Kirill Ležeiko photo Mag iur Kirill Ležeiko Kirill has worked as Head of Group Legal at FinTech financial institution…
Ingeri Luik-Tamme photo Mag iur Ingeri Luik-Tamme Ingeri Luik-Tamme is one of the few Estonian lawyers specialising in healthcare…
Karin Marosov photo Ms Karin Marosov With a long-term experience in commercial real estate Karin has thorough knowledge…
Chirag Mody photo Mag iur Chirag Mody Chirag Mody specialises in dispute resolution with a focus on civil and…
Martti Peetsalu photo Mag iur Martti Peetsalu Martti Peetsalu has unique experience in shipping law as he has litigated…
Kirsti Pent photo Mag iur Kirsti Pent Partner Kirsti Pent heads the Banking & Finance practice group. Kirsti has long-term…
Helmut Pikmets photo Mag iur Helmut Pikmets Helmut Pikmets has extensive practical experience in day-to-day tax advisory as well…
Mari Anne Rohtla photo Mag iur Mari Anne Rohtla Mari Anne Rohtla is a specialist who has advised international and local…
Vitali Šipilov photo Mag iur Vitali Šipilov Vitali Šipilov has considerable experience in advising on issues related to public…
Maria Suurna (née Jänese) photo Mag iur Maria Suurna (née Jänese) Maria has advised various financial institutions, incl. management companies, payment institutions, investment…
Martin Tamme photo Mag iur Martin Tamme Martin Tamme has extensive experience in real estate, planning and construction matters,…
Dmitri Teplõhh photo Mag iur Dmitri Teplõhh Dmitri Teplõhh has extensive experience in the field of criminal law. Dmitri…
Leonid Tolstov photo Dr Jur Leonid Tolstov Leonid Tolstov advises clients on various matters, such as transactions, mergers, divisions…
Jana Tudelep photo Mag iur Jana Tudelep Jana advises clients not only in Estonian and English languages, but also…
Silvia Urgas photo Mag iur Silvia Urgas Silvia has represented and assisted clients in several voluminous civil matters, including…
Elina Varendi photo Mag iur Elina Varendi Elina Varendi is a member of the firm’s banking and finance and…
Paul Varul photo Dr Jur Paul Varul Paul Varul has advised a wide range of Estonian and international clients…
Peeter Viirsalu photo Mag iur Peeter Viirsalu Peeter Viirsalu specialises on insolvency, construction and real estate. In the field…
Number of partners worldwide : 43
International Bar Association
Estonian Bar Association
Contact : Sander Kärson (managing partner,
Other offices : Riga
Other offices : Tartu
Other offices : Vilnius
Number of other lawyers worldwide : 170+

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.