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Walless Helps PayRay Obtain Banking License from Bank of Lithuania and European Central Bank

Walless Helps PayRay Obtain Banking License from Bank of Lithuania and European Central Bank

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Walless has helped PayRay, a capital financing company based in Lithuania, obtain a full banking license from the Bank of Lithuania and the ECB.

According to Walless, “this is the first full banking license issued in Lithuania after more than a decade. This license will allow PayRay accepting deposits and diversifying its funding sources for the SME financing business.”

The Walless team included Partners Joana Baublyte Kulviete and Mindaugas Lukas, Associate Partner Lina Radvaviciene, and Senior Associate Simona Kisunaite.

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

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