Firm Profile > TGS Baltic > Tallinn, Estonia

TGS Baltic
ADMIRAL HOUSE
AHTRI 6A
10151 TALLINN
Estonia

Dispute resolution Tier 1

TGS Baltic provides 'priceless strategic and legal advice' on complex multi-jurisdictional disputes, aided by the experience of practice head Paul Varul. The firm has a particular strength in white-collar crime proceedings, having represented clients in several recent high-profile cases, including the Port of Tallinn and Edgar Sarvisaar corruption trials. Other key names include construction and real estate specialist Martin Tamme, who is 'an exceptional lawyer who sees solutions in the most difficult situations', and 'uniquely talented' senior associate Kedli Anvelt. Clients include Credit Suisse, Operall and Swedbank Estonia.

Practice head(s):

Paul Varul

Testimonials

In our longstanding relationship they have given priceless strategic and legal advice on multiple legal matters.

‘A standout litigation and insolvency firm. The lawyers are able to find innovative solutions.’

Key clients

Credit Suisse

Dreymoor Fertilizers Overseas Pte Ltd.

Operail

Port of Tallinn

Agriland

KRTL

First Telecom Trading

Mr. Marcel Vichmann

Royal Estate

North Estonia Medical Centre

Swedbank (Estonia)

Citadele Group

Eesti Traat

TTS Marine AB

Kevelt

Kidy Tour

Real estate and construction Tier 1

TGS Baltic has a broad offering encompassing infrastructure projects in the renewable energy industry, regulatory advice on real estate development projects and transactions, and advice to cross-border residential property manufacturers. This broad capability is reflected in a strong list of clients, including major construction and logistics companies. Martin Tamme leads the practice, specialising in construction projects, planning, and deals involving distressed assets, a notable strength of the team.

Practice head(s):

Martin Tamme

Testimonials

Their broad-based knowledge and competence in construction law, public procurement and tax matters is outstanding.’

Key clients

Invego

Endover

Reterra Estate

Astlanda Ehitus

KRC Ehitus

KRTL

K-Most

Maru Ehitus

Hepsor

EvoCon Grupp

Kodumaja

Timo Houses

Nortimo AB

Astel Modular

EstHus

Timbeco Group

Timbeco Construction OÜ

Nordic Houses

ESTIKO

Uus Maa

1Partner

Betoneks

Framm

Viis Veeringut

Elering

Estiko Energia

Energy Express

Port of Tallinn

Oracle

MAXIMA Estonia

Shipping and transport Tier 1

TGS Baltic acts for clients in all relevant sectors, including rail, aviation, road, shipping, fishing, and public transportation. Matters include administrative and criminal disputes, bankruptcy proceedings, transactions, and regulatory advice. The practice is led by 'outstanding' senior associate Martti Peetsalu, a specialist in litigation, restructuring, and insolvency within the shipping and transportation industries. The team advised Royal Vopak N.V and Global Ports Investments PLC on the sale of oil terminal operator Vopak to Abu Dhabi-based Liwathon, a complex deal with Baltic-wide implications. Kristina Laarmaa is now with Advokaadibüroo KPMG Law.

Practice head(s):

Martti Peetsalu

Key clients

Credit Suisse

Port of Tallinn

Operail (formerly EVR Cargo)

Mediterranean Shipping Company (MSC)

Hellmann Worldwide Logistics

Kevelt

Tallink Group

Tallinna Linnatranspordi AS

Morobell Ltd

Tax Tier 1

TGS Baltic primarily represents clients in tax disputes, bringing its expertise in tax legislation to bear. The team increasingly seek binding rulings from the Tax and Customs board, and participate as experts in government consultations on tax law. The group also advises clients on tax considerations relating to transactions and corporate restructuring, as well as day-to-day tax concerns such as VAT. The practice is led by litigator Helmut Pikmets, who has argued regularly before the Supreme Court in tax proceedings. Senior associate Sergei Jegorov is highly regarded as a dedicated tax specialist.

Practice head(s):

Helmut Pikmets

Key clients

Luminor

Tallink Group

Swedbank

Bauhof Group

Circle K

Sanofi

Lietuvos Energija

Diapol

Møller Eiendom group

Proplastik

EstateGuru

EstHus

Amalfi

TBD-Biodiscovery

Starbunker

KAFO Eesti

Banking, finance and capital markets Tier 2

TGS Baltic specialises in fintech and regulatory work, with a particular focus on crowdfunding and other alternative funding platforms. The firm's transactional capabilities are also notable, the team are advising Ares Management on its $120m financing agreement with Teligent, a cross-border deal involving parties from Estonia and the US. Other key clients in the fintech space include Admiral Markets, Fellow Finance and EstateGuru. Marko Kairjak left the firm to join Ellex.

Testimonials

Innovative team with hands-on experience.

Key clients

Admiral Markets

EstateGuru

Coop Pank

Bigbank

Swedbank (Estonia)

Finora Capital

Ares Management Corporation

mBank S.A

Endover

Fellow Finance

Kreditex Group companies (AB Kreditex, Express Credit and Kreditex Ühisraha)

Arco Vara group

Dreymoor Fertilizers Overseas Pte Ltd

Tallinn Dolls

Commercial, corporate and M&A Tier 2

At TGS BalticLeonid Tolstov heads the corporate practice, while Kadri Kallas and Sander Kärson jointly lead the M&A group. Highlights included assisting with the $120m financing of Ares Management by Teligent, in which the team advised on the Estonian legal aspects of the deal. The group handles transactions and corporate advisory matters for clients drawn from a wide range of industries, including manufacturing, real estate and transportation/logistics.

Practice head(s):

Kadri Kallas; Sander Kärson; Leonid Tolstov

Key clients

Royal Vopak N.V. and Global Ports Investments PLC

Vopak E.O.S.

Proplastik

EstateGuru

TBD-Biodiscovery

Ares Management Corporation

Creandum

1Home Group

JPJ Group plc

Astel

Contrarian Ventures

Estiko Energia

Invego

PostFinance

KAFO Eesti

Eden Springs

LMT Group

Timbeco Group

Timbeco Woodhouse OÜ

Solar Wheel

Eesti Kalatootjate Keskühistu

Employment Tier 2

TGS Baltic acts on a range of contentious and non-contentious employment matters, including temporary worker contracts, legislative advice, and representing businesses in disputes regarding employee termination and compensation. The practice is led by senior associate Anu Kirss, who primarily acts for clients in the retail, energy, pharmaceutical, and transportation industries.

Practice head(s):

Anu Kirss

Key clients

Žemaitijos pienas

Solis Biodyne

Schlössle Hotel Group

Biuro

Kodumaja

Philip Morris

Timbeco Group

Timbeco Woodhouse OÜ

Mammut Element

Morobell Keskühistu

Supelsaksad

EU and competition Tier 2

The 'detail-oriented' Triinu Järviste leads the competition team at TGS Baltic, which works on a range of competition matters, including merger control proceedings, abuse of dominance, state aid representation and analysis, and restrictive practices. The team acts for a variety of clients in industries ranging from manufacturing and energy to transport, and the public sector. Highlights included representing Agriland in high-profile proceedings related to the anti-competitive misuse of EU agriculture subsidies. The 'exceptional' Katri Paas-Mohando has a core focus on anti-competitive practices and abuse of dominance.

Practice head(s):

Triinu Järviste

Testimonials

In-depth knowledge of the legal area, including EU case law and legislative developments.’

Key clients

chwenk

Circle K

Estonian Authors’ Society

Agriland

Operail (formerly EVR Cargo)

Elering

Levikom

Omniva (Estonian Post)

GetID

Tikkurila

Euroapteek

Rickman Trade

IP, IT and telecoms Tier 3

TGS Baltic's team specialises primarily in data protection compliance work and advice to clients in the healthcare and pharmaceutical industries, alongside general IT and IP advice for corporate and banking clients. The practice is led by Sander Kärson and Peeter Viirsalu, who handle licensing, IP considerations and cybersecurity matters. The firm's capabilities in IP are demonstrated by its representation of the Estonian Authors' Society in a number of disputes relating to the intellectual property of the group's members.

Practice head(s):

Sander Kärson; Peeter Viirsalu

Key clients

Estonian Authors’ Society

Fleurop-Interflora

TBD-Biodiscovery

Levikom

EstateGuru

GetID

Tallinn University

Estonian Centre of Architecture

Biuro

Estonian Institute

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 DNB Bank (Luminor after the 2017 merger).

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
Photo Name Position Profile
Mag iur Vitali Šipilov  photo Mag iur Vitali Šipilov
Number of partners worldwide : 25
English
Estonian
Finnish
French
German
Latvian
Lithuanian
Polish
Russian
International Bar Association
TerraLex
Estonian Bar Association
Contact : Martin Tamme (managing partner, martin.tamme@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.