TGS Baltic has assisted KnowledgePrice with the sale of 100% of its shares to Sapiens International Corporation. Israel's Meitar law firm advised Sapiens on the deal.
TGS Baltic, acting as part of a consortium led by Rothschild, has advised Latvia's Ministry of Economics on the acquisition by Latvian electricity transmission system operator AS Augstsprieguma Tikls of 16.05% of the shares of the natural gas transmission and storage system operator AS Conexus Baltic Grid from SIA ITERA Latvija.
TGS Baltic has represented Credit Value Investments and the funds managed by it during an investment procedure in bonds of AB Civinity. The nominal value and the issue price of the issued bonds is EUR 11 million, while the nominal value and the issue price per bond is EUR 100,000. The bonds will be redeemed after four years.
Eversheds Sutherland Bitans has advised AS Citadele Banka on its EUR 25 million Second Unsecured Subordinated Bonds Program and on a public offering of a first series of subordinated bonds issued under the program with a total nominal value of EUR 20 million and subsequent listing on the Baltic Bond list of Nasdaq Riga Stock Exchange.
Latvia is gradually improving its score in the corruption perception index. According to the international anti-corruption organization Transparency International, Latvia took 44th place in the corruption perception index in 2016, with 57 out of 100 points – after scoring 55 in both 2015 and 2014 (it scored 53 points in 2013 and 49 in 2012). This represents Latvia’s best score so far, and it appears to be a sign that tolerance of corruption in our country is continuing to decrease. By contrast, Lithuania fell from 34th place in 2015 to 38th place in 2016 (with 59 points in 2016, compared to 61 in 2015), and Estonia moved up to 22nd in 2016 from 23rd the year before, though it had the same 70-point score both years.
On Thursday, November 30th, leading legal practitioners from across Central and Eastern Europe gathered in Prague to help CEE Legal Matters celebrate its fourth successful year as the leading chronicle of the legal industry in the region, participating in an expert Round Table conversation about the year just concluded and enjoying an evening of dinner, drinks, and bonhomie.