Deals & Awards

SEB banka acquires loan portfolio from Allied Irish Bank

TGS Baltic Latvia advised SEB banka on acquisition of a part of an undertaking containing mortgage loan portfolio from Allied Irish Bank, which was originally issued by the Baltic American Enterprise Fund and assigned to Allied Irish Bank, which winded up its activities in Latvia. 

Drafting of Standard Agreement on Handling of Oil Products

TGS Balticacted as legal counsel to AB Klaipėdos Nafta, operator of an oil terminal in the Port of Klaipėda, for review of the Standard Agreement on Handling of Oil Products of the terminal’s clients, Arrangements on Return of Surplus of Oil Products, and other necessary documentation related to execution of the terminal‘s main activities.

Lease of Floating Storage and Regasification Unit

TGS Baltic acted as the main legal advisor to the client with respect to conclusion of a Time Charter Party on the lease of a newly built Floating Storage and Regasification Unit (FSRU) to be used for the import of liquefied natural gas into Lithuania.

Klaipėdos Nafta Dispute on Award of Damages for Contract Termination

TGS Baltic represented AB Klaipėdos Nafta, one of Europe's most modern terminals for crude oil and light and heavy oil products, in a civil dispute against UAB Naftos Grupė, a shipping-agent for transit oil products, regarding the award of damages caused by termination of a contract for services.

G4S Lietuva Civil Disputes with Insurers, Bailiff and Labour Union

TGS Baltic has represented UAB G4S Lietuva and successfully defended its interests in a wide range of civil disputes.

Award of Debt and Damages to IDS Borjomi Beverages

TGS Baltic represented IDS Borjomi Beverages Co. N.V., producer of world-famous Borjomi mineral water, in civil cases for a debt award in the amount of $1.3 million and approximately 2 million euros.