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ADON Legal Advises Protean Risk Limited on Adaptation of PSD Bond in Lithuania

ADON Legal Advises Protean Risk Limited on Adaptation of PSD Bond in Lithuania

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Lithuania's ADON Legal has advised Protean Risk Limited, a registered broker at Lloyds, on the adaptation of a PSD Bond to Lithuanian law and its coordination with the Bank of Lithuania.

The PSD Bond is an insurance product for the safeguarding of clients’ funds of electronic money institutions and payment institutions.

“We consider the introduction of the PSD Bond to be an important development for Lithuanian EMIs and PIs giving additional means to meeting the regulatory expectations and optimization of the use of own capital,” ADON Adon Legal Founding Partner Donatas Sliora, who led the firm's team on the deal.

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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