The Lithuanian Court of Appeal made a decision favourable for our client – the bankrupt credit union Taupkasė (the bankruptcy administrator was Klaipėdos Administratorių Biuras) – in a case over recognising a credit union share as a deposit. Although the court of the first instance ruled in favour of the claimant – a credit union […]
We advised Getin Holding, a Polish company listed on the Warsaw Stock Exchange, on the sale of its shares in Idea Bank, based in Belarus. On 1 April 2021 Getin Holding and its subsidiary Getin International completed the sale of their 99.999% stake in Idea Bank to MTBank for BYN 50,000,000. Getin Holding S.A. Capital […]
Vitalija Impolevičienė, a well-known expert in the fields of finance and insurance, has joined our team in Lithuania. She will advise clients on regulation of the financial and insurance sectors, product development, distribution and related disputes. Augustas Klezys, partner, and head of the Finance & Insurance sector group, comments: “We are delighted to have Vitalija […]
Our client Allianz SE, Europe’s largest insurer, has agreed to acquire life and non-life insurance operations, as well as the pension and asset management business, in Poland and Lithuania from Aviva Group (which includes its Lithuanian subsidiary Aviva Lithuania). The total value of the transaction is EUR 2.7 billion. Allianz is set to become number […]
We advised KogoPay in obtaining an electronic money institution licence in Lithuania. The company plans to expand its operations in Lithuania and the EU by offering customers electronic money services, including e-wallet services, express payments and QR payments, allowing customers to pay conveniently when shopping online, or offline in physical stores. Our services and team […]