Europe - Lithuania

WALLESS

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WALLESS‘ well-regarded banking and finance practice is highlighted for its experience advising on the licensing of payment service providers, combined with its involvement in high-profile fintech transactions, restructurings, and M&A. The firm also has considerable experience in fundraising through funding rounds, as well as experience in anti-money laundering investigations. With extensive experience, team leader Joana Baublytė-Kulvietė handles complex regulatory and compliance matters alongside fintech transactions. Supporting her is Gediminas Rečiūnas, who is a highly regarded fintech transactional specialist; Laurynas Narvydas, who focuses on regulatory and capital market transactions; and associate partners Simona Vosyliene and Marija Grigaravičienė, who both handle AML and regulatory matters.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘WALLESS is a relatively young firm, eager to serve but large enough to provide adequate support across a broad variety of topics.'

  • ‘WALLESS' lawyers are proactive and relationship oriented, making it natural to resort to their support on both smaller and larger tasks and projects’.

  • 'At all the times with Walless it was only a positive experience in the way that any request that we were pulling out was accepted, supported and executed.'

  • 'Despite a super positive experience in dealing with all the team members, I would like to say special thanks to Joana Baublytė-Kulvietė for going beyond the expectations.'

Key clients

  • Siauliu Bankas
  • Saldo Bank
  • RIA financial
  • Nuvei (Simplex)
  • Accel funds
  • Eurazeo funds
  • DiPocket
  • Goindex
  • Reverest Fund Management
  • Capitalica Asset Management

Work highlights

  • Advising Siauliu Bankas on signing an agreement with INVL to merge segments of their retail businesses.
  • Advised Accel funds, as lead investors, on over €18m investment into local fintech star Kevin EU, UAB.
  • Advised Saldo Finance, UAB on obtaining a specialised bank licence from the Bank of Lithuania and the European Central Bank as well as launch of the banking activities in Lithuania and abroad via branches and further restructuring of the group.

Lawyers

Leading individuals

Practice head

The lawyer(s) leading their teams.

Joana Baublytė-Kulvietė

Other key lawyers

Gediminas Rečiūnas, Laurynas Narvydas, Simona Vosyliene, Marija Grigaravičienė