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Latvijas Banka grants Noah LV MiCAR and Payment Institution licences
We advised Noah LV on obtaining a CASP (MiCAR) licence and a PI licence in Latvia, supporting the client through a dual authorisation process for its planned crypto-asset and payment services activities. The engagement covered the preparation for pre-licensing stage, coordination and finalisation of both licensing packages, as well as the broader regulatory readiness work […]
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IBC INVEST obtains investment firm licence under MiFID
We advised SIA IBC INVEST on its successful authorisation as an investment firm under the MiFID framework in Latvia. The project involved navigating a highly demanding regulatory authorisation process, which is generally regarded as one of the most complex licensing processes in the financial services sector, second only to obtaining a credit institution licence. The […]
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Shopping centre Saga owner receives EUR 65 million loan from Swedbank
Sorainen advised VPH, one of the largest commercial real estate developers in Baltic states (Estonia, Latvia and Lithuania); and Riga Retail Park, owner of one of the largest lifestyle shopping centres in Latvia, on receiving a loan totalling EUR 65 million from Swedbank AS for refinancing. EUR 8.5 million of the financing will be allocated […]
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Fibonatix receives a payment institution licence from Latvijas Banka
We advised Fibonatix on obtaining a payment institution licence from Latvijas Banka. SIA Fibonatix (LV) is a company within the Fibonatix brand, which includes the UK-regulated entity Fibonatix (UK) Limited and entities in Germany and Poland, all founded by Israeli founder Tal Miller. Fibonatix’s business involves providing payment solutions for merchants (e-commerce entities and beyond). […]
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TWINO Investments Gains Approval Under MiCA to Offer Crypto Asset Services
Our client, TWINO Investments, has successfully obtained an authorisation to provide crypto asset services under the Markets in Crypto-Assets Regulation (MiCA). TWINO was among the first Latvian fintech companies to introduce innovative investment services and is now taking a significant step forward by expanding into regulated crypto-asset services. To enable this expansion, TWINO completed the […]