Cobalt advised UAB GlobalNetint on obtaining an electronic money institution license for non-limited activity.
According to Cobalt, this is the 23rd time that the Bank of Lithuania has issued this type of electronic money institution license, which "will enable the company to issue and/or accept payment instruments, to provide services enabling cash to be placed on a payment account and cash withdrawals from a payment account, as well as all the operations required for operating a payment account and to carry out money remittances, to issue, distribute and redeem electronic money."
Cobalt’s team advising UAB GlobalNetint was led by Partner and Head of the Banking and Finance Practice Group Akvile Bosaite, supported by Senior Associate Justina Milasauskiene.
