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M&A and CorporateRegulatory & Competition
TGS Baltic was appointed to handle all legal issues related to
the bankruptcy of AB Ukio Bankas, a major Lithuanian bank that went bankrupt in 2013. The includes a wide range of banking and M&A cross-border assignments as the assets of the bankrupt bank were located in Scotland, Ukraine, Russia, Bosnia and Hercogovina, Hong Kong, Switzerland and other countries.
TGS Baltic advised Ignalina Nuclear Power Plant regarding the decommissioning (closure) process of the power plant, valued at 2.9 billion euros. The firm represented the client in top-level negotiations with contractors, the European Commission and the closure-fund manager – the EBRD.
TGS Baltic counselled Tamro, the largest pharmaceutical distributor in the Baltics, on tax issues related to best jurisdiction for establishing a holding in the Baltic States.
TGS Baltic advised Kimberly-Clark, a global producer of personal care products, on tax and regulatory issues in Lithuania, Latvia and Estonia in the context of expansion of Kimberly-Clark’s activity in the Baltic States.
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