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ILN Today Post

EIB appointed TGS Baltic as its legal advisor on Lithuania’s multi-apartment building modernisation

The agreement between the European Investment Bank (EIB) and Lithuania’s biggest law firm TGS Baltic was signed for an original period of 2 years.

In June 2019, the EIB announced a tender for selection of an adviser to advise it on all legal issues in connection with renovation of multi-apartment houses in Lithuania for the next four years. The EIB currently holds two funds in the country, intended to ensure effective renovation of multi-apartment houses: the JESSICA Holding Fund (JESSICA I) and Jessica II Fund of Funds. The announcement of the tender results revealed that from now on, the legal aspects of these funds will be administered by the successful tenderer law firm TGS Baltic.

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