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We collaborated with members of the Association of Lithuanian Banks, the Financial Crime Investigation Service and the Bank of Lithuania in preparing Guidelines on Customer Due Diligence. The purpose of the guidelines is to harmonize the processes of preventive action by market participants while achieving clarity and simplicity for users of financial services. First such […]
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Deals & Cases / Laurynas Lukošiūnas, Greta Kubiliūnaitė
We represent Alfa bank, a creditor of Arvi ir ko, in debt recovery from Vidmantas Kučinskas and identifying possibly illegal acts by the businessman, who is suspected of financial fraud and was detained when crossing the border between Slovenia and Croatia on 15 July 2020. On 29 July 2020 it was announced that Kaunas Regional […]
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Publication / Laurynas Lukošiūnas
Lithuanian businessman Vidmantas Kučinskas, the founder of the Arvi business group, has been detained in Slovenia over suspicions of fraud in Russia, sources have told BNS. Alfa Bank’s lawyer Laurynas Lukošiūnas said on Friday that Kučinskas’ detention would help to swiftly investigate the allegations against him and prevent new offences. “The creditor, Alfa Bank, is […]
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Deals & Cases / Mantas Petkevičius, Inga Macijauskaitė, Jurgita Tekorienė, Augustė Bučytė, Augustas Klezys, Agnė Sovaitė, Kamilė Kukaitytė, Goda Drąsutė, Saulė Dagilytė, Rasa Mikutienė, Dobilė Minkutė, Sidas Sokolovas
We are assisting Nitin Shelke, the founder and chairman of Growmore Group, in entering into an agreement for the strategic acquisition of Medicinos Bankas – a retail bank in Lithuania with assets of USD 395 million (EUR 355 million). Growmore Group is a global investment and financial services conglomerate with businesses across the UAE, UK, […]
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What entrepreneur should consider when cooperating with banks? Read more (in Latvian) here.
