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M&A and CorporateRegulatory & Competition
TGS led cross-border Ergo Life Insurance group companies in the Baltics in their cross-border merger of the Latvian and Estonian companies into the Lithuanian company, which was transformed into a European Company (Societas Europea) - ERGO Life Insurance SE. This was already the third cross-border merger by forming a SE carried out with the assistance of TGS. The law firm was also the one assisting the first two cross-border mergers by forming a SE carried out in the Baltic market.
TGS pan-Baltic team evaluated and during implementation of the cross-border merger re-evaluated legal and tax aspects of the merger and the transactions necessary to smoothly implement the merger and transfer from a model of operation by three independent companies to a model of operation by one European Company and two of its branches (including ensuring registration of the branches as tax payers), transferring the whole assets and liabilities to ERGO Life Insurance SE registered in Lithuania and preparing closing financial statements of Ergo.
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