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 […]
We advised Česká spořitelna, a.s., the largest Czech bank, on providing financing to Rīgas satiksme, the main public transport provider in Riga, to acquire 20 new low-floor trams, that will improve transport accessibility for elderly people passengers with children, and people with movement disorders, and in general increase the number of passengers on environmentally friendly […]
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 Numai, the first independent rent-to-buy service provider in the EU, in the process of developing their business concept in Estonia. Unique concept Numai is offering a service with a unique concept, where the customer is allowed to rent real estate under the lease agreement until they are ready to purchase it, whereby the […]
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 […]
