His expertise in capital markets and banking & finance is consistently recognised by leading international legal directories, such as Chambers Europe (Band 4) and IFLR1000 (Highly Regarded).
Vidmantas Drizga
Partner, Attorney at Law
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Country
Lithuania
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Languages
Lithuanian, English, Russian
About
Vidmantas Drizga is a Partner and Attorney at Law, and one of the most experienced capital markets lawyers in the Baltic region.
With over 20 years of legal practice, he is a go-to advisor for high-value, strategically important transactions, including public listings, IPOs, SPOs, and bond issuances.
Having advised on the majority of securities offerings across the Baltics, Vidmantas is trusted by leading banks, top-tier venture capital funds, business angels, and high-performing companies for his deep knowledge of securities law, shareholder relations, and corporate structuring.
is also an experienced dispute resolution partner with extensive experience advising on high‑value and strategically sensitive matters. He is frequently called upon to navigate complex shareholder disputes and regulatory issues involving bonds and shares, particularly in cases where litigation intersects with corporate restructurings and capital markets dynamics.
Vidmantas’ impact extends beyond transactional work – he has played a central role in developing Lithuania’s legal framework for capital markets, funds, and corporate governance. His expertise also spans corporate restructuring and insolvency, private equity, and general corporate advisory.
Practice areas
International desks
Testimonial
"Vidmantas provides well-considered and insightful advice. His expertise and strategic approach consistently add value."
Banking & Finance / Chambers & Partners
"Vidmantas displays a strong understanding of the business context, delivering commercially viable solutions with clarity and precision."
Banking & Finance / Chambers & Partners
CV
Professional career
Since 2017
Partner, law firm TEGOS (formerly TGS Baltic)
2003 – 2017
Associate Partner, law firm Tark Grunte Sutkiene
1999 – 2004
Head of Legal and Enforcement Department, Securities Commission of the Republic of Lithuania
1996 – 1999
Senior specialist, Legal and Enforcement Department, Securities Commission of the Republic of Lithuania
Education
1999
Vilnius University, Faculty of Law, Master of Law
Memberships
Lithuanian Bar Association
Deals & cases
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23.07.2026 | LithuaniaAB Novaturas has successfully completed a public share offering, raising EUR 7 million in capital
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17.03.2026 | LithuaniaTesonet Global targets to increase its interest in Artea Bank
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16.10.2025 | LithuaniaSOUND Asset Management completed the fundraising of its private debt fund Sound Senior Private Debt Fund 1, reaching a total size of EUR 70 million
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08.09.2024TGS Baltic advised Sound Asset Management on the launch of a new senior private credit fund to support small businesses in the Baltics
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08.05.2024 | LithuaniaTGS Baltic represents three companies of the BaltCap (largest and most experienced private equity investor in the Baltic States) portfolio: Žvirgždaičių energija UAB, Nullus UAB, EN Efficiency PL sp. z o.o (Companies).
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20.02.2024 | LithuaniaTGS Baltic together with „Dentons“ advised the Republic of Lithuania on EUR 1.5 Billion Bond Issuance
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14.02.2023The largest environmental and waste management group in the Baltics, Eco Baltia, is entering the bond market: TGS Baltic advised the client on its inaugural 3-year bond issue
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12.02.2023 | LithuaniaTGS Baltic advised Contrarian Ventures on establishing the pan-European climate-tech impact venture capital fund, Contrarian Ventures Net Zero 2022
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13.12.2022 | LithuaniaTGS Baltic advised the largest Lithuanian capital bank Šiaulių bankas on its 85 MEUR bond listing on Nasdaq Vilnius
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10.11.2022 | LithuaniaTGS Baltic – together with Dentons – advised the Republic of Lithuania on borrowing in total EUR 1.2 bilion in international capital markets
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01.07.2022 | LithuaniaSnoras bank’s insolvency administrator has signed a 105-million-euro settlement agreement with the Swiss bank Julius Baer
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30.06.2022 | LithuaniaTGS Baltic advised Valstybės investicinis kapitalas on a EUR 25 million note issue
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09.06.2022 | LithuaniaTGS Baltic advised EPSO-G, which was the first in the Baltics to issue sustainability bonds
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07.06.2022 | LithuaniaTGS Baltic – together with Dentons – advised the Republic of Lithuania on EUR 650 million bond issuance
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11.04.2022 | LithuaniaTGS Baltic advised AUGA Group and its main shareholder on the delisting of the company’s shares from the Warsaw Stock Exchange and implementation of a respective mandatory tender offer
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23.03.2022 | LithuaniaTGS Baltic advises Maxima Grupė on structuring the Commercial Paper Programme
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15.10.2021 | LithuaniaTGS Baltic advised Civinity, one of the leading facility management and engineering groups in the Baltic States, on a EUR 8 m bond issue
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30.09.2021 | LithuaniaTGS Baltic advised Šiaulių Bankas in approving the EUR 250 mln. Euro Medium Term Note Programme and distributing the first EUR 75 mln. Notes issue under the programme
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16.09.2021 | LithuaniaTGS Baltic advised UAB Valstybės investicinis kapitalas, which invests into the Lithuanian Aid for Business Fund, in approval of EUR 400 million state-guaranteed note program and placement of the inaugural EUR 30 million issue
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13.09.2021 | LithuaniaTogether with White&Case, advised Avia Solutions Group on attracting EUR 300 million of investments from Certares Management LLC
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13.07.2021 | LithuaniaTGS Baltic advised the Ministry of Finance of the Republic of Lithuania in EUR 750 million Eurobond issue
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12.07.2021 | LithuaniaTGS Baltic advised shareholders on the sale of the startup LastMile to Iki, one of the largest retail companies in Lithuania
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28.05.2021 | LithuaniaTEGOS advised Akropolis Group on EUR 300 million Eurobond issue
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16.03.2021 | LithuaniaTGS Baltic advises Maxima Grupė on structuring the Commercial Paper Programme and the EUR 40 million issuance of notes under the programme – the very first transaction under such format in the Baltics
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09.10.2020 | LithuaniaTGS Baltic advised Evernord on obtaining a category B licence of a financial brokerage firm
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02.10.2020 | LithuaniaTGS Batic advised The Bank of New York Mellon on the largest-ever IPO in the Baltics by Ignitis Group
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20.07.2020 | LithuaniaTGS Baltic advised the Ministry of Finance of the Republic of Lithuania in EUR 1.75 billion Eurobond issue
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21.05.2020 | LithuaniaTGS Baltic advised Ignitis group on the approval of the renewed EUR 1.5 billion bond program and making an issue of EUR 300 million according to it
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04.05.2020 | LithuaniaTGS Baltic advised the Ministry of Finance of the Republic of Lithuania in issuance of two issues of Eurobonds for a record amount of EUR 2 billion
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28.04.2020 | LithuaniaTGS Baltic advised Šiaulių bankas on its 20 MEUR bond listing on Nasdaq Vilnius
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01.04.2020TGS Baltic advised Viada LT, the biggest chain of gas stations in Lithuania, in making a public offering of bonds
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17.12.2019 | LithuaniaAUGA group, AB continued success in capital markets – it finalised a public offering of green bonds
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04.12.2019 | LithuaniaAdvised Avia Solutions Group in structuring and issue of bonds for the nominal value of USD 300 million
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30.07.2019 | LithuaniaTGS Baltic advised AB Avia Solutions Group in its merger to a company in Cyprus
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20.06.2019 | LithuaniaTGS Baltic advised the Ministry of Finance of Lithuania on two eurobond issues with a total value of EUR 1.5 billion
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20.05.2019 | LithuaniaTGS Baltic advises EPSO-G on main corporate governance matters
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06.12.2018 | LithuaniaTGS Baltic advised Šiaulių Bankas in the admission of a EUR 20 million bond issue to trading on Nasdaq Vilnius
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03.12.2018 | LithuaniaTGS Baltic advised Avia Solutions Group and its shareholders on delisting the company’s shares from the Warsaw Stock Exchange
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11.09.2018 | LithuaniaTGS Baltic advised MAXIMA GRUPĖ, UAB in placement of the largest note issue by a private equity company in the Baltic States
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24.08.2018 | LithuaniaTGS Baltic advised AUGA group, AB in successfully implementing the largest public secondary stock in Lithuania
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24.07.2018 | LithuaniaTGS Baltic advised UAB Medicinos bankas in approving the bond programme of up to EUR 10 million and placing the first over EUR 2.2 million emission under the programme
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19.07.2018 | LithuaniaTGS Baltic advised AviaAM Leasing and its shareholders on delisting the company shares from the trading on the Warsaw Stock Exchange
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01.07.2018 | LithuaniaAdvised UAB Lietuvos Energija in approving the medium term note program
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03.05.2018 | LithuaniaTGS Baltic is implementing another exceptional capital markets project – an SPO of INVL Baltic Real Estate is about to start
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23.04.2018 | LithuaniaTGS Baltic advised VP Group shareholders on investments in hotel business in Romania
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14.03.2018 | LithuaniaTGS Baltic leadership in the capital markets practice continues – AB Novaturas finalises IPO in Lithuania, Poland and Estonia
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11.01.2018 | LithuaniaTGS Baltic represented Credit Value Investments and the funds managed by it during an investment procedure in bonds of AB Civinity
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31.12.2017 | LithuaniaTGS Baltic advised LRT (National Broadcaster of Lithuania)
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29.12.2017 | LithuaniaTGS Baltic represented Credit Value Investments in investing EUR 11 million in Civinity bonds
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17.10.2017 | Estonia, Latvia, LithuaniaTGS Baltic ranks high in IFLR1000
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21.06.2017 | LithuaniaTGS Baltic team represented funds of UAB INVL Asset Management in acquisition of shares in funds managed by BaltCap
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01.12.2016 | LithuaniaTGS Baltic is the legal advisor to the bankruptcy administrator of bank Snoras
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19.07.2016 | LithuaniaTGS Baltic has successfully advised AB INVL Technology
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10.03.2016 | LithuaniaINVL Baltic Real Estate successfully allocated over EUR 9 million share issue
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02.01.2015 | LithuaniaSecondary offering of shares of AB Avia Solutions Group worth over EUR 15 million successfully completed
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News
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19.03.2026 | Estonia, Latvia, LithuaniaBaltic-Wide Recognition in Chambers Europe 2026 Guide
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14.11.2025 | Estonia, Latvia, LithuaniaTEGOS Achieves Outstanding Results in IFLR1000 Central & Eastern Europe Rankings
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01.08.2025 | Estonia, LithuaniaTEGOS Shortlisted for Legal500 CEE Awards 2025
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