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Cobalt Helps Earthport Payment Services Obtain Payment Institution License

Cobalt Helps Earthport Payment Services Obtain Payment Institution License

Lithuania
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Cobalt has helped Earthport Payment Services UAB obtain a payment institution license from the Bank of Lithuania.

Earthport Payment Services is now licensed by the Bank of Lithuania to provide payment services specified in Lithuania's Law on Payments: credit transfers, issuance of payment instruments, and processing of incoming payments.

The only shareholder of Earthport Payment Services is Earthport PLC, a UK-based licensed payment institution. The company is listed on London Stock Exchange. According to Cobalt, "Earthport’s global payment network powers transactions for the global financial institutions, e-commerce companies, money transfer organizations, and payment aggregators."

“By attracting the best of the FinTech industry, our cluster becomes better with each and every new player," said Mantas Katinas, the Managing Director of Invest Lithuania. "Earthport – a company on the forefront of making cross-border seamless for the customer – is definitely one of the strongest additions to our ecosystem this year.” 

Cobalt advised Earthport Payment Services on all issues related to obtaining the license, drafted the license application documents, and represented the company before the Bank of Lithuania. The firm's team consisted of Senior Associate Justina Milasauskiene and Associate Justina Auzbikaviciene

Lithuanian Knowledge Partner

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

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.

 

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