TGS Baltic

The firm: TGS Baltic is a leading full-service commercial law firm in the Baltic States. 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 of 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 Latvian office is one of the most experienced law firms in the region and has developed and grown throughout 30+ years of operation.

Areas of practice
Corporate and M&A: Notable local and global businesses, as well as state-owned enterprises have entrusted TGS Baltic their M&A deals and corporate governance issues. Our team size allows not only legal specialisation, but also deep sector-focus. Clients from media, environment, transport, trade, technology and finance sectors have entrusted us with their strategic and business-critical projects: Orac Holding acquisition of 100% of the shares of SIA Agency More Than; Rulonas acquisition of IMS Baltic;  assistance to Accel-KKR with the Majority Equity Investment in Aico Group; Enefit Green multiple sales transactions etc.

Banking and finance: TGS Baltic's Latvia Banking and Finance practice group is widely recognized for its comprehensive expertise and exceptional track record in providing legal services to a diverse range of clients, including major banks, financial institutions, and multinational corporations. The team is highly regarded for its proficiency in handling complex financing transactions, regulatory compliance, and innovative financial products.  The recent highlight is EUR 340 million 5.25-year secured euro bonds issue by the Latvian national airline AirBaltic.

Litigation and arbitration: TGS Baltic is one of the leading dispute resolution teams in Latvia with a very high number of litigation practitioners in the office being involved into very complex cases where there is a significant number of financial resources at stake. There are 4 partners – Ivars Grunte, Linda Štrause, Agnese Hartpenga, Sandis Petrovičs who all not only lead cases, but also represent client interests in courts.

White-collar crime and corporate investigations: TGS Baltic’s team of experts has experience of acting for corporates and individuals facing crimes and investigations performed by regulatory and law enforcement bodies.

Real estate and construction: TGS Baltic has an extensive market share in real estate matters in the commercial property sector. The firm’s experience in real estate due diligence and transactions, large multi-functional and infrastructure projects is outstanding. TGS Baltic has participated in many of the largest and most significant transactions and projects, representing a diverse array of stakeholders, including developers, strategic investors, infrastructure operators, and financiers.  

Tax: Specialising in tax law, the firm handles over one hundred tax cases annually, encompassing all facets of taxation. From transaction structuring to mergers and acquisitions, private equity, and financial transactions, the Baltic tax practice delivers comprehensive advisory services. By leveraging a multidisciplinary approach, TGS Baltic combine the expertise of tax, corporate, and legal specialists to provide integrated solutions. 

EU and competition: TGS Baltic competition law practice group assists clients in a wide range of competition law matters, including: assessment and review of vertical and horizontal agreements (pricing and other terms, resale price maintenance, exclusivity clauses, market foreclosure, exclusive dealing, non-compete, restriction of parallel imports, exchange of commercially sensitive information, cooperation agreements, joint ventures, agreements between associations, procurement agreements, etc.); abuse of a dominant position; unfair trade practices in the retail sector; antitrust investigations and representation of the clients before he Latvian Competition Council.

Energy and infrastructure: TGS Baltic experienced energy industry expert group led by partner Agnese Hartpenga represents energy companies in various matters, including ownership, development, regulatory compliance, subsidies, production, M&A, restructuring, and dispute resolution. Our experts also offer wide  knowledge and experience related to environmental law.​