Fri, Nov
55 New Articles

TGS Baltic Assists Nordea Bank Register Change of Pledgee

TGS Baltic Assists Nordea Bank Register Change of Pledgee


The Riga office of TGS Baltic has assisted Finland's Nordea Bank Abp register a change of the pledgee in a commercial pledge provided by OneMed from Sweden's Nordea Bank AB to Nordea Bank Abp as the result of the Nordea Group's relocation of its head office from Sweden to Finland in the form of a cross-border merger of the bank into its wholly-owned Finnish subsidiary.

The entry in the Latvian Commercial Pledge Register regarding the registration of the change of the pledgee of the commercial pledge as the result of the reorganization was made on November 14, 2018, and the Lithuanian Mortgage Registry was updated on January 7, 2019.

The maximum secured amount of the claim is EUR 154,483,549.

Nordea is the largest financial services group in the Nordics and one of the biggest banks in Europe. TGS Baltic describes is as "a full-service universal bank with the total operating income of EUR 9.5 billion and total assets of EUR 581.6 billion in 2017," and reports that it is "one of only a few European banks with an AA rating."

The TGS Baltic team was led by Partner Andra Rubene, working with Associate Partner Neringa Grazinyte and Associate Reinis Grunte.

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.


Our Latest Issue