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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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Latvijas Banka has issued a crowdfunding service provider licence to FLOW
We are pleased to announce that on 27 August Latvijas Banka issued a crowdfunding service provider licence to FLOW. Congratulations to the FLOW team on this significant achievement! About FLOW FLOW is a new crowdfunding service provider on the Latvian market. The company is authorized to provide loan facilitation services (also known as loan-based crowdfunding) and […]
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Submerge manufactures underwater dual-use drones
In last year’s Shared Mission project, we provided pro bono legal assistance to Submerge, a manufacturer of underwater drones. About Submerge Submerge has developed a dual-use underwater drone which can complete search and monitoring operations in conditions matching Latvia’s climate and obtain various types of data and information on the water ecosystem in real time. […]
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Fintelligence reputation check with the help of AI
In last year’s Shared Mission project, we provided pro bono legal assistance to Fintelligence during the development phase of its reputation check IT tool. About Fintelligence Fintelligence has developed a reputation-checking IT tool using AI and machine learning, searching and analysing information in 100+ languages. The solution provides a reputation and risk assessment (security, sanctions, […]