We successfully advised the Receivership Estate of EminiFX in repatriating BTC 3658.3 (approximately EUR 60 million). The case concerns ongoing proceedings in the United States regarding a crypto-related “Ponzi-like” scheme. Fraudulent scheme The Commodity Futures Trading Commission (CFTC) launched action against EminiFX in May 2022. The CFTC complaint alleged numerous violations of the federal commodities […]
Acting as local counsel in Estonia through international law firm Dentons, we advised Deutsche Bank in connection with a syndicated loan agreement for a total of EUR 600 million to Eesti Energia. International energy company Eesti Energia is an international energy company whose home markets are the Baltic States, Finland and Poland. The group is […]
February 9, an annual conference “Fintech Day 2023” took place. The conference brought together market leaders to discuss the most relevant topics in the fintech sector. Sorainen associate Akvilė Jurkaitytė participated in the discussion “Embedded Finance: Transforming Industries, Empowering Customers”. The recording of the event is available here:
As of 1 November 2022, stricter requirements for the activities of virtual currency exchange operators and depository virtual currency monetary operators (VASP) entered into force in Lithuania. These requirements are provided by the amendment to the Money Laundering and Terrorist Financing Prevention Law of the Republic of Lithuania (PPTPF Law). Among the new requirements, minimum […]