Tag Archives: Tark Grunte Sutkiene

ILN Today Post

TGS Baltic Estonia is the most attractive employer among law students

Employer branding agency Instar conducted an employer reputation study among 5500 students. Law firm TGS Baltic was voted the most attractive employer by law students.

The top three most sought-after employers for law students included the Supreme Court and the Ministry of Justice. Skype was ranked as the overall most attractive employer in Estonia for the sixth time in a row.

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Lithuanian regulation has been finally harmonized with the market abuse regulation

Mantas Gofmanas, TGS Baltic Senior Associate

As the Board of the Bank of Lithuania adopted new Information Disclosure Rules (the “Rules”), the Lithuanian national regulation in connection with prevention of market abuse, disclosure of inside information, disclosure of information about managers’ transactions, also regulation in connection with persons in possession of inside information, etc., has been finally fully harmonised with requirements of Regulation No. 596/2014 on market abuse (the “MAR”) and related regulatory technical standards and implementing technical standards.

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Pāvels Tjuševs on current state of arbitration in Latvia

On the 4 September 2017 the daily newspaper Diena published an article by Pavels Tjusevs – an associate in TGS Baltic. The article concerned the current state of arbitration within the legal system of Latvia, as well as the influence and effectiveness of the arbitration reform initiated and completed by Ministry of Justice. The article evaluates both the public opinion in Latvia towards the use of arbitration as an alternative dispute resolution method, as well as the recent amendments to the ICC Rules of Arbitration.

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Inese Rendeniece on amendments to Labour Law

On the 4th of September, 2017, an article was published on the internet journal iTiesibas by Inese Rendeniece – a senior associate in TGS Baltic. The article consisted of an evaluation of the most important changes to the Labour law of Latvia that came into effect on the 16th of August, 2017. The author examines the changes made to areas such as the calculation of hourly wages, compensation for overtime work, changes in prohibition of competition for current and past employees, as well as other significant amendments.

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Latvia: New restrictions in the Commercial Law with respect to the transactions with related parties

Internet magazine ITiesības in its 22 August 2017 issue published an article by TGS Baltic lawyer Reinis Grunte on the new restrictions to the Commercial Law with respect to the transactions with related parties.

Amendments to the Commercial Law, which came into force on 13 July 2017, prescribe for essential changes to the transactions with related parties. The new amendments are meant for strengthening the protection of minority shareholders, as well as ensuring transparency in the conclusion of transactions by companies.

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Latvia: New exceptions to the procedure for registration of the acquirer of shares in a limited liability company

Internet magazine ITiesības, in its 8 August 2017 issue, published an article by Kalvis Krūmiņš, Associate Attorney at Law of TGS Baltic,  on new exceptions to the procedure for registration of the acquirer of shares in a limited liability company, which came into effect on 13 July 2017. Those amendments to the Commercial Law are essential, since there have been dispute in practice in cases, when the shares were purchased by using a commercial pledge, while the management board refused making an entry in the shareholder register.

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TGS Baltic lawyers were chosen as leading experts by Who’s Who Legal

Four TGS Baltic lawyers were recognized among the top three leading experts in their practice field by international publication Who’s Who Legal.

Partner Vilius Bernatonis (energy), Partner Lina Darulienė (competition) and Partner Marius Matonis (corporate) were listed among the top three experts in their respective fields in Lithuania and Senior Associate Kristina Laarmaawas chosen as one of the three leading public procurement experts in Estonia.

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Recent edition of the Business Manager’s Handbook

Do you know how to apply for the state aid prescribed in the Law on Aid for the Activities of Start-up Companies? Law Office TGS Baltic, the author of the Business Manager’s Handbook, included the information on the start-up companies and the available state aid in the current supplements to the edition. The subscription edition contains comments on the requirements specified in the Law on Aid for the Activities of Start-up Companies, which should be observed by start-up companies and their investors to qualify for the state aid programmes.

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TGS Baltic advised UPP & CO KAUNO 53 on entering the Nasdaq Baltic First North bond market

The firm’s banking and finance team advised UPP & CO KAUNO 53 OÜ, a company owned by Estonian asset management company United Partners Property, during the process of admittance to trading on Nasdaq Baltic First North market.

The size of the subordinated, commercial property backed bond issue is EUR 4.7 million. The nominal value of one bond is EUR 1,000. The annual coupon rate is 8% which is paid out quarterly. The maturity date of the bond issue is April 17, 2022.

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The impact of a mistake in shareholder’s meeting minutes to the legality of dividend payment

On May 29, 2017, internet magazine iFinanses published an article by Jekaterina Anohina, lawyer of TGS Baltic, on the impact of a mistake in shareholder’s meeting minutes to the legality of dividend payment. In the article Jekaterina analyses the findings of the Supreme Court of the Republic of Latvia on this subject.

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