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We helped our clients to obtain new licenses this month
Response Legal Banking & Finance team has provided legal services for clients on the obtainment of new financial services licenses.

This month the Bank of Lithuania has granted an Electronic Money Institution license (to engage in restricted activities) to our client UAB DRUSVALAS. The client currently operates as Currency Exchange Operator. The newly granted license will allow UAB DRUSVALAS to issue electronic money and provide payment services specified therein.

Also, this month the Bank of Lithuania has granted Fund Management Company license to our client UAB URBANUM RE. It will allow our client to manage Investment Funds intended for informed investors.

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