We advised INVL Life, a subsidiary of the Invalda INVL asset management group, on obtaining a licence to conduct life insurance activities in Lithuania. This is an exceptional case as it is the first insurance licence issued in the last 20 years. INVL Life was established as part of the group’s acquisition of the Baltic […]
Publication / Krista Ševerev, Jaanika Vainula, Monika Tomberg
The last few years have brought significant changes to the regulatory requirements of the virtual currency service providers. As the Estonian legislator continues to seek effective solutions for mitigating risks of the rapidly evolving sector, two new draft acts are expected to come into force. The amendment to the current Money Laundering and Terrorist Financing […]
We advised Portage Ventures, leader of the investment round joined by existing investors Blackfin Capital Partners and Karma Ventures, on a EUR 15 million investment into Tuum, a Tallinn-based fintech. Strengthening EU and UK presence The round will enable the core banking technology provider – formerly known as Modularbank – to continue investing in product […]
We advised BEM Europe UAB, operating under the brand name Benker, on obtaining an electronic money institution licence in Lithuania. The company will provide innovative payment services to users, offering QR payment solutions, traditional money transfers and SEPA (Single Euro Payment Area) payments, currency exchange services and payment cards. The company will provide these payment […]
The sustainable (green) investment promotion project launched in Lithuania back in 2019 is successfully heading towards the finishing line. Commissioned by the Ministry of Finance in cooperation with the European Bank for Reconstruction and Development (EBRD), our team, lead by partner Tomas Kontautas and senior associate Dalia Augaite, together with partners Richard Kemmish Consulting Limited […]