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Adon Legal Helps IBS Lithuania with Revised Electronic Money Institution License

Adon Legal Helps IBS Lithuania with Revised Electronic Money Institution License

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Adon Legal has assisted UAB IBS Lithuania with the revision of its electronic money institution license.

According to Adon Legal, the revised license will enable IBS Lithuania to offer Internet merchants the option of accepting payments from Chinese digital wallets such as WeChat Pay and Alipay, issue debit cards, allow its clients to transfer and receive funds from China, and deposit cash into their accounts. 

IBS Lithuania is a subsidiary of International Business Settlement Holdings Limited, a global FinTech company that develops banking services for global customers. IBS is listed on the Hong Kong Stock Exchange. 

The Adon Legal team was led by Managing Partner Donatas Sliora.

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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