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TGS Baltic Represents Medicinos Bankas on Acquisition of Snoras Loan Portfolio

TGS Baltic Represents Medicinos Bankas on Acquisition of Snoras Loan Portfolio

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TGS Baltic has advised Medicinos Bankas on its purchase of rights of claim to a EUR 29.8 million loan portfolio from UAB Baltijos Kredito Sprendimai to home, student, and consumer loans of former clients (natural persons) of the failed bank Snoras. Ellex reportedly advised the sellers on the deal.

Medicinos Bankas is a Lithuanian capital bank, which has 53 customer service units all over Lithuania. The main clients of the bank are micro, small, and medium enterprises, as well as farmers and other private individuals.

TGS Baltic's team consisted of Associate Partner Aurimas Pauliukevicius and Associate Donatas Sliora.

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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.

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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

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