Firm profile submitted by TGS Baltic
Managing Partners: Martin Tamme (Estonia), Ivars Grunte (Latvia), Eugenija Sutkienė (Lithuania)
Number of partners: 22
Number of lawyers: 130+
Languages: English, Estonian, Finnish, French, German, Latvian, Lithuanian, Polish, Russian
TGS Baltic is a full-service business law firm in Estonia, Latvia and Lithuania employing 130+ 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.
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. In 2017 the firm advised LHV Pension Funds on investing into Lithuanian based cable TV and internet services provider Cgates and advised Austrian headquartered Ascalon Holding GmbH in acquiring a 47% ownership in Finnish Scancerco Oy.
Significant Clients: LHV Pension Funds Estonia, MSD Estonia, Citypark, Avia Solutions Group, Axflow, City Service, Estonian Energy.
Banking & 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. In 2017 the firm advised Admiral Markets on a public bond issue and advised DVB Bank America NV on restructuring a 71 MEUR credit facility.
Significant Clients: DVB Bank America, Swedbank, Nasdaq Baltics, LHV Asset Management, Estonian Co-operative Bank, Admiral Markets.
Litigation & Arbitration:
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. The firm is 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: Port of Tallinn, Estonian Energy, City of Tallinn, Swedbank, Luminor, Estonian Center Party, Orica Estonia.
The firm’s competition law team is particularly well-known for its broad experience in state aid matters and its deal portfolio includes a large number of cases with EU level involvement. The firm is also a market leader in resolving competition law criminal cases and is often involved in merger control proceedings advising Starman in relation to the sale of Starman to Elisa in one of the largest M&A deals in the Baltics in 2016.
Significant Clients: Toyota Baltic, Estonian Energy, Omniva (Estonian Post), Swedbank, SEB, Maxima, Tallink, Mars, Starman.
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. 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 – for example in 2017 the firm helped Estonia’s largest offshore wind project to solve their complex planning issues and get the green light to move forward.
Significant Clients: Port of Tallinn, University of Tartu, Maru Ehitus, Invego, Uusmaa, 1Partner, Kodumaja, TTP.
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 firm also gives transactional advice and assists with tax structuring.
Significant Clients: Tallink Group, Luminor, Baltic Ground Services, Bauhof Group
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: Luminor, Swedbank, Citadele Bank.
■ Mr Martin Tamme (Managing Partner, Real Estate), [email protected]
■ Mr Paul Varul (Litigation, Arbitration), [email protected]
■ Mr Leonid Tolstov (Corporate), [email protected]
■ Mr Sander Karson (M&A), [email protected]
■ Ms Kadri Kallas (M&A), [email protected]
■ Mr Marko Kairjak (Banking & Finance), [email protected]
■ Mr Helmut Pikmets (Tax), [email protected]
■ Mr Peeter Viirsalu (Insolvency), [email protected]