Firm / Organisation

TGS Baltic

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Managing Partners: Sander Karson(Estonia), Ivars Grunte (Latvia), Vilius Bernatonis (Lithuania)
Number of partners: 28
Number of lawyers: 150+
Languages: English, Estonian, Finnish, French, German, Latvian, Lithuanian, Polish, Russian

Firm Overview:
TGS Baltic is a full-service business law firm in Estonia, Latvia and Lithuania employing 150+ lawyers across the Baltics. The firm is in strategic cooperation with law firm Vlasova, Mikhel & Partners in Belarus and a member of TerraLex, a global network of independent law firms. 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 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.

Main Areas of Practice:
Corporate/M&A:
The firm gives full-range corporate and M&A advice including but not limiting to establishments, complex restructurings, local and cross border M&A transactions and trade. TGS Baltic holds a strong expertise in Region’s state-owned companies. In terms of corporations, TGS Baltic clients range from real estate, retail and energy to IT and pharmaceuticals. Finally, the firm stands out for its leadership in the private equity sector, providing legal and strategic advisory to the biggest funds in the Baltics.
Significant Clients: Mars, Estateguru, Euroaphoteca, Ermitažas, Tele2, Maxima group, Ignitis, Baltcap, Brain Games, Inspired, Klaipedos nafta, Shage, Avia Solutions Group, Ambergrid.

Banking & Finance:
The firm advises a wide range of clients from businesses, governments, financial supervision authorities and EU institutions to all major financial institutions on regulatory and transactional matters. TGS Baltic possesses a solid track record of providing legal assistance to the Europe’s key banks, such as the European Investment Bank or the European Bank for Restructuring and Development. The firm is widely recognised for its advisory in capital markets area.
 Significant Clients: European Investment Bank, Swedbank, Nasdaq Baltics, Revolut, LHV Asset Management, Admiral Markets, Bergs Timber, Šiaulių bankas

Litigation & Arbitration:
The firm is also well known for its dispute resolution and litigation practices having been involved in several large international litigation and arbitration cases. Its wide experience extends from tax litigation to corporate, competition, IP, construction, transport, public procurement and insolvency disputes. The firm has been involved in some of the most publicised white-collar cases, currently representing SOE Port of Tallinn against its former directors in one on the most high-profile criminal cases in recent years and representing Tallinn City Council in a criminal case against former Major of Tallinn.
Significant Clients: Ministry of Energy of the Republic of Lithuania, Klaipėdos nafta, Ministry of Economics of the Republic of Latvia, Port of Tallinn, Eesti Energia, City of Tallinn, Swedbank, Luminor, PNB Banka.

Energy
TGS Baltic plays a key role in almost all major energy projects across the Baltics. The firm is best known for being the main legal advisor in the most relevant energy matters of strategic importance, including but not limited to Klaipeda LNG terminal, Ignalina Nuclear Power Plant, the EIB-managed multi-apartment buildings modernisation programme, among others, as well as representing UAB Vilniaus šilumos tinklai in arbitration proceedings before the Arbitration Institute of the Stockholm Chamber of Commerce initiated in accordance with the statement of claim filed by the claimants Veolia Environnement S.A. and UAB Vilniaus energija regarding the performance of the Vilnius heat sector lease agreement.
Significant Clients: European Investment Bank, European Bank for Reconstruction and Development, Ministry of Energy of the Republic of Lithuania, Klaipėdos nafta, Ignitis, Eesti Energia Group, Brocēnu Enerģija

Competition/Antitrust:
The firm’s competition law team’s deal portfolio contains high profile cases from all areas of competition law, including cartels, distribution, dominance, merger control, SGEI and state aid. The team is particularly well-known for its broad experience in state aid matters and has notable experience handling cases in the European Commission and courts. The firm is also involved in some of the most novel antitrust cases, such as Tele2 and Bite network sharing joint venture. The firm is also the market leader in resolving competition law criminal cases.
Significant Clients: Tele2, Maxima group, Omniva (Estonian Post), Avia Solutions Group, Swedbank, Tallink, Mars, Starman, Boehringer Ingelheim, Tamro Baltics

Real Estate & Construction:
The firm has a full-service real estate and construction team offering advice on infrastructure and development projects such as commercial and retail property matters including real estate M&A. During the last few years, TGS Baltic was involved in the biggest real estate transaction within the region, including the record sale of Quadrum business centre located in Vilnius. 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. The firm also excels at planning law and has achieved notable success in this field.
Significant Clients: Akropolis group, Lithuanian Airports, University of Tartu, Maru Ehitus, Invego, 1Partner, Kodumaja, University of Latvia, EstateGuru, Shage, Biotechpharma, Kapitel, Graanul Invest Group.

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, including major criminal cases. The practice also gives transactional advice and assistance with tax structuring.
Significant Clients: Tallink Group, Luminor (formerly Nordea), Baltic Ground Services, Bauhof Group, Phillip Morris Latvia, Mars, Royal Canin, Netflix, MyFitness

Insolvency & Restructuring:
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 having special emphasis on the financial sector.
Significant Clients: PNB Bank/Norvik Bank, Luminor (formerly Nordea), Swedbank, Citadele Bank.

Partner Contacts:
Mr Vilius Bernatonis (Managing Partner, Lithuania) [email protected]
Mr Ivars Grunte (Managing Partner, Latvia), [email protected]
Mr Sander Karson (Managing Partner, Estonia), [email protected]
Mrs Eugenija Sutkiene (Senior Partner, Lithuania) [email protected]gsbaltic.com
Mr Marius Matonis (Executive Partner, M&A) [email protected]
Ms Kadri Kallas (Partner, M&A), [email protected]
Ms Andra Rubene (Partner, M&A), [email protected]
Ms Dalia Tamašauskaitė-Žilienė (Partner, M&A) [email protected]
Mr Martin Tamme (Partner, Real Estate), [email protected]
Mrs Linda Štrause (Partner, Real Estate), [email protected]
Mr Dainius Stasiulis (Partner, Real Estate), [email protected]
Mr Peeter Viirsalu (Partner, Insolvency, Real Estate) [email protected]
Mr Agnius Pilipavičius (Partner, Corporate Commercial), [email protected]
Mr Nauris Grigals (Partner, Corporate Commercial) [email protected]
Mr Leonid Tolstov (Partner, Corporate Commercial) [email protected]
Mr Vidmantas Drizga (Partner, Corporate, Capital Markets) [email protected]
Ms Inese Hazenfusa (Partner, Banking & Finance), [email protected]
Mr Žygimantas Stankevičius (Partner, Banking & Finance) [email protected]
Mr Paul Varul (Litigation, Arbitration) [email protected]
Mrs Lina Daruliene (Partner, Litigation, Competition) [email protected]
Mr Valentinas Mikelenas (Arbitration) [email protected]
Ms Agnese Hartpenga (Partner, Dispute Resolution) [email protected]
Mr Sandis Petrovičs (Partner, Dispute Resolution) [email protected]
Mr Robertas Degesys (Partner, Tax) [email protected]
Mr Helmut Pikmets (Partner, Tax) [email protected]
Mr Mindaugas Civilka (Partner, Data Protection & IP) [email protected]
Mr Lauras Butkevičius (Partner, Regulatory) [email protected]
Mr Aurimas Pauliukevičius (Partner, Private Equity Funds) [email protected]
Mr Gytis Kaminskas (Partner, Transport) [email protected]

Articles, Highlights and Press Releases

Total 10 Articles, Highlights and Press Releases

Kirsti Pent joins TGS Baltic as a Partner, Sander Kärson promoted to Managing Partner in Estonia

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TGS Baltic advised a producer of precast concrete products AS Framm on the acquisition of AS Lasbet

Sander Kärson, Martin Tamme, Leonid Tolstov, Peeter Viirsalu, Kärt Raud, Eva Arumets

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TGS Baltic advised the Ministry of Economics on acquisition of 16,05% of AS Conexus Baltic Grid.

Linda Štrause, Nauris Grigals, Marius Matonis Andra Rubene Nauris Grigals Linda Štrause Māra Stabulniece Aija Kreicberga Jekaterina Anohina Raivis Znotiņš Rūdolfs Vilsons Reinis Grunte

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