Sorainen assisted Akce Holding Malta in establishing the European Merchant Bank in Lithuania and obtaining a specialised bank licence. The licence was issued by the European Central Bank at the request of the Bank of Lithuania. Akce Holding Malta is among the first Lithuanian banking market participants to be granted a specialised bank licence.
Akce Holding Malta is part of the Akce group, operating in the FinTech industry. The Akce group is a payments ecosystem made up of companies offering various payment services.
Sorainen represented the client at the Bank of Lithuania and assisted during the licensing procedure. Sorainen assistance also included preparing documentation necessary to obtain a specialised bank licence and to perform banking operations as well as advice on establishing a new company in Lithuania, increasing authorised capital and other matters.