Invega invited financial institutions to apply to participate in implementing the incentive financial instruments Portfolio Guarantees for Loans 2 and Portfolio Guarantees for Factoring 2. Both measures are designed to help businesses access or restructure funding when they lack funds. Measures implemented through financial institutions The Portfolio Guarantees for Loans 2 instrument is designed to […]
INVEGA has announced a list of new or improved measures aimed at distributing state support to business. This package of measures will help companies address the liquidity and financial challenges posed by COVID-19. More than EUR 1.1 billion will be distributed through these measures. “Vacation” from business loans: Improved measure The improved measure will be […]
We advised the state-owned Ignitis Group on a loan from the European Investment Bank (EIB) to Pomerania Wind Farm, a Polish company belonging to the group. The PLN 258 million (about EUR 60 million) loan will be used for developing a 94 MW wind farm. The EIB loan will cover around 47 % of project […]
Deals & Cases / Tomas Kontautas, Monika Tukačiauskaitė, Liutauras Vasiliauskas
We advised E4F Money on obtaining an electronic money institution licence in Lithuania. The sole shareholder of the company is Exchange4free, a UK-based company with more than 30,000 private and corporate customers worldwide. Expansion in Europe and Africa The company will offer currency exchange and payment service solutions in Lithuania and other European countries to […]
Publication / Augustas Klezys, Laura Matukaitytė, Liutauras Vasiliauskas
The fast-spreading coronavirus (COVID-19) is raising many questions and concerns among financial institutions. Our international COVID-19 Task Force, including financial sector experts, is at your disposal, should you need advice in any legal issues you are facing. Below are some tips to help make decisions in a quickly changing situation. Material contracts and key business […]