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Sorainen Assists International Fintech with Lithuanian Launch

Sorainen Assists International Fintech with Lithuanian Launch


Sorainen Lithuania has assisted International Fintech with the launch of its operations in Lithuania. International Fintech, backed by investors from Israel, is developing a system that provides e-money and e-wallet services to online customers.

Sorainen provided legal support in the process of obtaining an e-money license from the Bank of Lithuania which would authorize e-wallet and e-money services. International Fintech is the fifth of Lithuania's 12 e-money institutions with foreign capital backing.

"It is a great pleasure to see so much work bear fruit," says Sorainen Associate Arturas Asakavicius, who led the firm's team on the matter along with Associate Vytautas Sabalys. "Just recently the licensing process in Lithuania has experienced some favorable attention from local regulatory bodies, yet International Fintech was one of the first FinTech companies in Lithuania to set pathways in the licensing process. International Fintech is sure to make waves in the local market and abroad."

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COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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