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Law Office Tark & Co to Join TLS Alliance, a Leading Pan-Baltic Business Law Partnership

08.09.2008

Three leading business law firms in Estonia, Latvia and Lithuania, Tark & Co, Loze, Grunte & Cers and Sutkiene, Pilkauskas & Partners, intensify their cooperation by creating TLS Alliance, a leading pan-Baltic business law partnership.

Three leading business law firms in Estonia, Latvia and Lithuania, Tark & Co, Loze, Grunte & Cers and Sutkiene, Pilkauskas & Partners, intensify their cooperation by creating TLS Alliance, a leading pan-Baltic business law partnership.

The law firms, being among the oldest in the Baltics, noted that while they have cooperated closely for years, TLS Alliance would now strengthen their capacity in offering highly professional cross-border legal counselling across the Baltic countries.

"The three firms, united in TLS Alliance, provide their clients with high-level services meeting best international standards. The alliance's strength lies in cross-border legal services covering all aspects of contemporary business law," said Mr Aare Tark, Managing Partner of Tark & Co.

"The Baltic countries are regarded as one market, and the new alliance allows us to better serve the needs of our clients. Our cooperation in different projects has been most fruitful and the firms in Estonia, Latvia and Lithuania have acted in common projects as a unified and well-integrated team," said Mr Janis Loze, Managing Partner of Loze, Grunte & Cers.

"The founding of TLS Alliance is a logical step after years of close co-operation between Tark & Co, Loze, Grunte & Cers and Sutkiene, Pilkauskas & Partners, and it will send a stronger signal of our close ties to the clients as well," said Ms Eugenija Sutkiene, Managing Partner of Sutkiene, Pilkauskas & Partners.

The members of TLS Alliance have extensive experience in advising commercial transactions and co-operate closely with leading law firms in the Baltic and Nordic states. TLS Alliance law firms have been engaged in several landmark transactions in the Baltic region, for example in founding the first European Company (Societas Europaea, SE) in the Baltics by merging Sampo Life's Baltic subsidiaries into a single European company and also conducting the same procedure for Seesam. The three law firms coordinated the first cross-border merger in the Baltic banking sector involving Danske Bank A/S, one of the largest financial enterprises in the Nordic region in terms of total assets, and subsidiaries of Sampo Bank Group.

TLS Alliance members also advised the launch of Pohjola Bank in the three Baltic countries and the reorganisation of a major Estonian construction company, Merko Ehitus AS. TLS Alliance together with the international law firm Lovells LLP conducted a research on electricity sector regulation in a number of EU jurisdictions.

Close to 100 attorneys-at-law and lawyers will work in the companies of TLS Alliance. The combined revenue of TLS Alliance law firms in 2007 was about €9 million.

Facts about TLS Alliance members

Tark & Co, one of the oldest and largest law firms in Estonia, was established in 1991. Since its founding, a fair share of Tark & Co's services have been rendered to foreign clients. For many years we have closely co-operated with a number of leading law firms in the Nordic countries, Europe and USA. This co-operation has helped us to successfully resolve even the most complicated cases and assist even the most challenging clients. Besides being a member of TLS Alliance, Tark & Co also conducts strategic co-operation with leading Nordic law firms, such as Mannheimer Swartling, a leading commercial law firm in Sweden, Hannes Snellman and Castrén & Snellman in Finland, and other leading law firms in both countries. Tark & Co is a member of the Association of European Lawyers, an international network of law firms.

Loze, Grunte & Cers is a major full-service business law firm with more than 15 years of experience. The law firm was formed in May 2005 by a merger of two leading and most experienced Latvian law firms, Loze & Partners and Grunte & Cers. Both firms had outstanding experience in the legal market, the merger being thus a decision of strategic importance. The lawyers of the firm have established permanent, long-term co-operation with leading foreign law firms in Great Britain, USA, Scandinavia and other countries worldwide.

Sutkien?, Pilkauskas & Partners was founded in early 2003 as a result of the reorganisation of law firm Jaskut?lis, Sutkien? & Masiokas, formerly the Vilnius office of USA law firm McDermott, Will & Emery (1991-2001).The founders of the firm were among the first private international law practitioners in the country. The firm's team of exceptionally qualified lawyers provides legal counsel to Lithuanian and foreign clients on all aspects of commercial and business, banking and finance law. Over years of practice, the firm has developed long term relationships with the leading law firms in USA, Great Britain, Scandinavia, Poland, Russia and other East and Central European countries. It enables the firm to handle major M&A, IPO and other cross border projects.

For additional information, please contact:
Mr Aare Tark
Phone: +372 6110 900
E-mail: aare.tark(at)tarkco.ee

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