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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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We advised the Danish private equity fund ETNA Capital on securing bank financing from SEB Bank in Lithuania to support its acquisition of a majority stake in Brolis Defence Group, a Lithuania-based developer and manufacturer of advanced electro-optical systems for defence and security applications. The transaction was structured as a leveraged buyout (LBO), combining private […]
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We advised a client working in the real estate sector on a transaction involving the purchase of a company owning logistics and office building located in Riga with an area of nearly 29,000 m2 and a land with an area of 6.3 ha. The seller of the company was VGP Group – a pan-European developer, manager, […]
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We advised international renewable energy company Energix Group on the acquisition of two renewable Lithuanian energy companies – UAB Boniškių vėjas and UAB Vandžiogalos vėjas – from E energija Group. The acquired projects are located in the Kaunas region and strengthen Energix’s growing presence in Lithuania’s renewable energy market. The Boniškių vėjas project is being […]
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A court ruling has entered into force, fully dismissing the claim brought by the bankruptcy trustee of Reyna Trade against Saaremaa Laevakompanii for the recognition of a claim during the bankruptcy proceedings. The initial claim of EUR 9 million was reduced to EUR 300,000 during the proceedings; however, even this amount was not recognised in full. The dispute, which […]
