Since its merger with PwC Legal in 2024, TGS Baltic continues to be highly proficient in financial regulatory matters. Lawyers also advise on large-scale financing transactions, such as syndicated loans, and clients receiving this advice include large banks such as Coop Pank, the fifth largest bank in Estonia, and real estate developers. Kirsti Pent heads up the team, providing clients with an in-depth knowledge of banking law. Olger Kaelep has a strong relationship with public authorities, and is commended for his expertise in ‘navigating the intricate intersections of finance, commerce, and administrative law’.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'Excellent choice for all matters regarding fintech, finance and regulatory matters in Estonia. They deliver expertise and an excellent work ethic.'
  • 'Kirsti Pent is a great lawyer for banking and finance matters. Good sense of responsibility and team work.'
  • 'It is a reliable, competent and client-oriented law firm, which ensures that the client has received not only high quality legal support, but also any instructions and information which may be required.'
  • 'Olger Kaelep's expertise and dedication has been remarkable in navigating the intricate intersections of finance, commerce, and administrative law, as well as cooperation with various public authorities. He provides clear, strategic advice that not only addresses the client's immediate concerns but also their long-term interests. He can distill complex issues into actionable solutions, while managing the diverse legal landscapes.'
  • 'The Estonian team that we worked with were truly eager to do a good job, and made us feel that the assignment was important to them.'
  • 'They know their clients so well; they have a personal approach, which is unusual these days. As a client, we feel listened to and backed.'
  • 'Kirsti Pent has dedication, availability, helpfulness, professionalism and, in addition, humanity.'
  • 'TGS Baltic covers all areas of law, and its employees are top experts in their respective fields, providing highly knowledgeable advice. They are friendly and client-oriented in their work, and very easy to communicate with, which definitely sets them apart.'

Key clients

  • SEB Pank
  • LHV Pank
  • Nordic Investment Bank
  • BaltCap
  • Estateguru
  • Crowdestate
  • TKM Grupp
  • Eesti Post
  • ERGO Insurance
  • Tuleva
  • Finora Bank
  • Coop Pank
  • Eleving Group
  • Bondora Group
  • Starship
  • Pro Kapital Grupp
  • Operail
  • Colonna
  • Vitol
  • Värska Originaal AS

Work highlights

  • Advised a leading Nordic construction company and the financing parties on the launch of a new green finance framework, including a public issue of 100 million green senior secured notes.
  • Advised Nordic Investment Bank (NIB) on granting an investment loan to TKM Kinnisvara AS, a member of the Nasdaq-listed TKM Group.
  • Advised Sunly Future Ventures on establishing a small fund manager, including preparing and negotiating the limited partnership agreement for the investment fund as well as licensing the fund manager.

Lawyers

Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Kirsti Pent

Other key lawyers

Olger Kaelep