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What the team is known for Ellex's FinTech team operates out of its banking and finance practice. The firm is respected for its assistance to international clients in incorporating their business in Lithuania, for guiding companies through payment institution licence applications and for ongoing regulatory, compliance and IT support. The firm is also highly competent in M&A and other transactional work. Recent mandates show the variety of clientele who are attracted to the firm's FinTech offering, from Visa and Lithuanian Post to the National Bank of Ukraine.
Strengths "Ellex were our main support during our successful application for a financial licence with the Bank of Lithuania. They were helpful when it came to hints on non-legal matters in the country, too, which was a huge help for us as non-Lithuanian investors when it came to getting started in the country. They were much, much more than just a legal partner to us."
"Ellex is one of the more established firms in Lithuania. We work with them on a couple of our larger technology clients. The quality of their work is very good and they clearly have good contacts within the regulator."
Work highlights After receiving its full banking licence, Ellex advised PayRay in respect of banking compliance matters, AML, internal governance policies and issues of litigation.
Ieva Dosinaitė is a partner in the banking and finance team. She is particularly adept in representing clients through complex financing negotiations. "She's been leading a couple of notable technology projects with the Lithuanian regulator," says an interviewee, "and Ieva has proven responsive, proactive and is always keeping us up to date on our application." A satisfied client adds: "We all here think that she's very open and not a typical lawyer that we've met before. She's very open-minded and a business thinker. It's been good to work with someone who doesn't just read the law out to you."