We are advising NEO Finance, a company managing the Paskolų klubas peer-to-peer lending platform and providing the NEO Pay payment initiation service, during preparations for a public share offer and for entering the alternative securities market. This is the first time that a Lithuanian fintech startup will be offering its shares publicly and will seek […]
Deals & Cases / Augustas Klezys, Laura Matukaitytė, Inga Macijauskaitė
We advised Best Finance on establishing a company in Lithuania and obtaining a payment institution licence from the Bank of Lithuania. Best Finance plans to provide money remittance services in Lithuania and other EU Member States. Our team consisted of partner Augustas Klezys and senior associates Laura Matukaitytė, who advised the client on regulatory licensing matters, […]
Sorainen assisted Akce Holding Malta in establishing the European Merchant Bank in Lithuania and obtaining a specialised bank licence. The licence was issued by the European Central Bank at the request of the Bank of Lithuania. Akce Holding Malta is among the first Lithuanian banking market participants to be granted a specialised bank licence. Akce […]
Mobile payment platform MoQ has launched its activities in Lithuania. The platform is managed by Mobilieji mokėjimai, a company founded by three biggest competitors in Lithuanian telecommunications sector – Telia Lietuva, Tele2 and Bitė Lietuva. This is the first mobile payment platform in the Baltics and the first such project in European practice to be […]
Sorainen assisted WePower, a blockchain-based green energy trading platform, in obtaining a ground-breaking ruling from the Lithuanian tax authorities confirming favourable VAT treatment for issuance of cryptographic tokens. The Lithuanian tax authorities issued a positive ruling confirming that ICOs are VAT-exempt, thus allowing the client to save up to USD 7 million. WePower raised USD […]