TGS Baltic represented a group of investors in multi-million civil proceedings

TGS Baltic represented a group of investors who acquired bonds linked to the index of shares from AB DnB bankas. The Firm represented clients in multi-million civil proceedings against AB DNB bankas, a part of Norway’s largest financial services group, for the compensation for damage caused by unlawful actions of the bank during the process of issuing bonds linked to the index of shares. The court of first instance has already sustained the claim of investors represented by TGS Baltic in full.

TGS Baltic team – Partner Valentinas Mikelėnas, Senior Associate Dovilė Armalytė and others – were legal advisors to the group of investors in this process on all related legal issues.

DNB is a part of Norway’s largest financial services group. According to market capitalization, they are the second largest group in the Northern European region. DNB is also a leader in financial services associated with money, stock and real estate markets. The company is the largest real estate management company with around 500,000 investment funds clients. DNB is one of the largest shipping sector financiers in the world, a partner of sea food industry and worldwide energy market.