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 […]
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 […]
Sorainen Belarus assisted the International Finance Corporation (IFC) with the extension to Belaruski Narodny Bank of a loan of up to USD 20 million. The loan is aimed to support the borrower’s working capital, as well as its trade-related lending programme for Belarusian businesses in direct response to the COVID-19 pandemic. USD 10 million of the […]
Virtual currency service providers will have to go through another licensing renewal process with the introduction of a new draft legislative act in Estonia. This time a year ago, virtual currency service providers were busy getting ready for a regulation which ended up causing the revocation of over 1,800 licenses. There are 396 existing licence […]