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Cobalt Helps Wallter Obtain Electronic Money Institution License

Cobalt Helps Wallter Obtain Electronic Money Institution License

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Cobalt has advised Wallter in obtaining an electronic money institution license for non-limited activity. This is the 34th time that this type of license has been issued by the Bank of Lithuania.

According to Cobalt, with the license, Wallter intends to provide e-money issuance and payment services for individuals and for small and medium-sized businesses. The company will be primarily engaged in the provision of money remittance, prepaid cards, and multi-currency electronic purse services.

The Cobalt team advised Wallter on all issues related to obtaining the licence, drafted licence application documents, and also represented the company before the Bank of Lithuania. The firm's team was led by Partner and Head of the Banking and Finance Practice Group Akvile Bosaite and Senior Associate Justina Milasauskiene.

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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