We provided legal support to PrivatBank in transferring its client portfolio and part of its assets and liabilities to Industra Bank. The total of the loans included in the transaction was approx. EUR 25 million, and the amount of deposits exceeded EUR 50 million. The transaction received the permission of the Financial and Capital Market […]
We assisted the client, a business established in Hong Kong belonging to a group of Spanish-based IT and telecommunications entities, in recovering funds (approx. EUR 1 million) that were arrested in Latvia as part of criminal proceedings. The client’s funds were considered to possibly be suspicious and relating to money-laundering activities. In the past couple […]
Following a long delay in the negotiations, the Council and European Parliament reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD) on 21 June 2022. The agreed text was released on 30 June, however, it is still subject to the formal adoption procedure and thereby, further review. The proposal for the CSRD, […]
Publication / Lina Ragainytė-Mezenė
The Law on Securitisation and Covered Bonds, as well as related amendments to other legal acts, have recently entered into force in Lithuania. The amendments aim to contribute to the development of Lithuania’s capital market and to broaden the diversity of sources of funding. The new regulations will give financial institutions more opportunities to raise […]