TGS Baltic represented Medicinos bankas in acquisition of EUR 30 million loan portfolio

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TGS Baltic was a legal advisor to Medicinos bankas in conclusion of a transaction for sale and purchase of EUR 29.8 million loan portfolio. Medicinos bankas acquired rights of claim from UAB Baltijos kredito sprendimai to home, study and consumer loans of former clients (natural persons) of the failed bank Snoras.

TGS Baltic Associate Partner Aurimas Pauliukevičius and Associate Donatas Šliora advised Medicinos bankas on transaction related legal issues.

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, farmers and private persons.