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Bittiq launches account information business across Europe
We advised Bittiq – a Netherlands-based company launching account information business across Europe. The Lithuanian subsidiary of Bittiq – Connectly – will be one of the first companies launching the business based on the new service under the second Payment Services Directive (PSDII) – account information service. Connectly enables consumer centric services based on analysis […]
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US-based Square acquires fintech company Verse
We advised electronic money institution Verse Payments Lithuania on all issues related to its indirect acquisition by Square – an electronic payment and financial services company headquartered in San Francisco and listed on the New York Stock Exchange. Verse employees will join the Square team, who are developing the Cash App – a peer-to-peer payment app […]
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Global survey on the human right to a healthy environment recognised at the United Nations
We contributed to this multi-jurisdictional project in partnership with the UN Special Rapporteur for Human Rights and the Environment, Dr David Boyd; and the Cyrus R. Vance Center for International Justice in New York. International law firm Clifford Chance conducted and coordinated the project – the most extensive pro bono project in the firm’s history. […]
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Hong Kong stock exchange-listed fintech company enters Lithuanian market
We advised CBI Money in the process of obtaining an e-money licence from the Bank of Lithuania. CBI Money is part of China Binary New Fintech Group – a China-based company providing online transaction services and listed on the Hong Kong stock exchange market. CBI Money will be administering payment systems that allow rapid and […]
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Opal Transfer obtains electronic money institution licence in Lithuania
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 […]