We advised money transfer platform Opal Transfer on obtaining an electronic money institution licence in Lithuania. The company plans to expand its operations in Lithuania and the EU offering users a full range of features of their digital wallets including the possibility to deposit money and to make withdrawals from their wallet account. Well-established fintech […]
We advised Livonia Partners and its portfolio company Thermory on the acquisition of a majority shareholding in Siparila. Siparila is a Finnish wood-processing company specialising in exterior and interior panels and cladding. Thermory is an Estonian wood-processing company which produces solid wood floors and terraces, lining boards and sauna materials using thermal processing technology. Thermory […]
We successfully represented Krässik (formerly Daxin Baltic and other fuel trading sector companies from the Daxin Group) in complex legal proceedings related to abuse of position by Krässik’s previous management board. Supreme Court clarifies management board’s civil liability This case involved numerous civil, criminal, anti-money-laundering and white collar investigations. Our team represented the victim in […]
Introducing a new law on trademarks As of 23 September 2019, a draft “Trade Mark Law” is being debated in the responsible commission of the Saeima. The draft law has yet to be considered in three parliamentary sessions and is planned to come into force by the end of 2020. The draft law is designed […]
Publication / Maksim Salahub, Marina Golovnitskaya, Yauheni Budchanka
Amended copyright law: open licence introduced On 15 July 2019 a new law introduced amendments to the law “On Copyright and Related Rights”. The majority of amendments will enter into force on 27 May 2020. Probably, the main change is introduction of the notion of an open licence. Belarus law will allow copyright holders to […]
