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Sorainen Helps Valyuz Obtain E-money License in Lithuania

Sorainen Helps Valyuz Obtain E-money License in Lithuania

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Sorainen has advised Valyuz on establishing a company in Lithuania and obtaining an e-money institution license from the Bank of Lithuania.

Sorainen reports that Valyuz is a fintech company "planning to provide a cutting-edge alternative solution to traditional banking and to become a platform-of-choice for international corporate clients in the technology sector," and the firm says that "the company is planning to offer electronic money accounts, payment transactions via the SEPA payment system, issuance of payment instruments, and other services."

Sorainen provided legal advice on establishing the company and structuring its equity capital, and it assisted in concluding a shareholders agreement. They also advised Valyuz on the licensing procedure and represented the company at the Bank of Lithuania.

The Sorainen team included Partner Augustas Klezys and Associates Urte Armonaite and Inga Macijauskaite.


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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.

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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

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