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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 […]
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Regional Court upholds a decision in favour of clients in a case concerning criminally acquired property
We represented clients, companies registered in Cyprus and the British Virgin Islands belonging to a group of companies, securing a final and favourable regional court decision in a case concerning criminally acquired property, whereby the court found that approximately EUR 11 million, which had been frozen in a bank in Latvia in the criminal proceedings, […]
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Paybis, the major crypto-asset exchange, is now EU-regulated and in Latvia
Our client, Paybis Europe, is the new EU-regulated entity of the major Paybis crypto exchange brand, having secured its crypto-asset services and payment services provider licences in Latvia. Paybis is the third entity in Latvia to obtain a licence as per Markets in Crypto-Assets Regulation (MiCA), sending a clear signal that Latvia is indeed becoming the EU crypto hub. Paybis brand has been known in the cryptospace for nearly a decade, and the group companies provide services also […]
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Inter IKEA Group acquire forest holding companies in Lithuania and Latvia
Sorainen advised IKEA Forestry Investment AB, an Inter IKEA Group company, on the acquisition of forest holding companies in Lithuania and Latvia. Our involvement Sorainen acted as the local legal advisor throughout the transaction. Our team Sorainen key team consisted of partners Jānis Līkops, Kęstutis Adamonis and Monika Mališauskaitė-Vaupšienė, as well as senior associates Rūta […]