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Motieka & Audzevicius Assists UAB Elektroniniu Pinigu Bite Obtain E-Money Institution License in Lithuania

Motieka & Audzevicius Assists UAB Elektroniniu Pinigu Bite Obtain E-Money Institution License in Lithuania


Motieka & Audzevicius has assisted UAB Elektroniniu Pinigu Bite in obtaining an e-money institution license for activities in Lithuania.

Elektroniniu Pinigu Bite is an affiliate of UAB Finansu Bite, the operator of FinBee (a prominent P2P platform in Lithuania), and UAB Finansu Bite Verslui, an operator of FinBee Verslui, the first crowdfunding platform in Lithuania.

The firm reports that its services included "the coordination of the whole licensing process, including drafting of the licensing documents and liaising with the Bank of Lithuania."

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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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