- About Us
M&A and CorporateRegulatory & Competition
Assisted in representing the main shareholder of the largest business structure in Lithuania in legal proceedings with the former shareholder on invalidation of contracts and indemnification. The amount claimed exceeded LTL 400 million (2013 – 2014);
Assisted in representing the largest organisation uniting beer producers of Lithuania in a large-scope investigation carried out by the Competition Council of the Republic of Lithuania, which had a wide public response, resulting in the cancellation of all pecuniary sanctions imposed on the organisation (2013 – 2014);
Assisted in representing a wholesale company of pharmaceutical products (in bankruptcy) in a number of large-scope actio Pauliana cases which established new case law particularly important for protecting the infringed rights and lawful interests of the insolvent company’s creditors. The total value in dispute was over LTL 15 million (2012 – 2014);
Assisted in representing one of the major banks operating in Lithuania in a broad range of disputes relating to non-fulfilment of contractual obligations, recovery of debts, interpretation, modification, termination of contracts, enforcement of court judgements, actions carried out by bailiffs, notaries public, etc. (2012 – 2014);
Assisted in representing construction companies in legal proceedings relating to the particularly complex specificity of organising and performing construction works (2012 – 2014).
TGS Baltic successfully represented the insolvent SIA Viesis 2 claiming EUR 1,786,655.54 damages jointly and severally from its former management board members in order to enable the company to pay the claims of its creditors.