FinTech Legal Department

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What the team is known for Sorainen has offices across the Baltics, and in Lithuania the firm receives exceptional feedback from peers and clients alike. Whether assisting the development of e-money and payment institutions or helping blockchain and cryptocurrency companies with a range of legal issues, Sorainen is a go-to choice within the country's FinTech ecosystem. The firm is a member of the FinTech association INFOBALT and contributes to various legislative matters and initiatives.

Strengths "For different financial licences - advisory, obtaining licences, managing existing ones and also for authority relations - they're one of the best law firms I’ve worked with. The firm offers hands-on, understandable and practical advice. Moreover, they have great relationships with government authorities and agencies."

"We like to think that our values are closer to Sorainen than other firms. Sorainen try to communicate the right higher values, like cooperation and sharing of knowledge. They were also one of the first movers in FinTech."

Work highlights Advised CBI Money on the process of obtaining an e-money licence from the Bank of Lithuania.

Notable practitioners

Augustas Klezys
co-heads the finance and insurance team and sector group in Lithuania. Klezys is often sought by FinTech companies for his knowledge on licensing applications with the domestic regulators and in regard to EU directives. An interviewee says: "Augustas is a respectable lawyer." Another source adds: "He's composed and doesn't overpromise. Augustas is the kind of guy in a tough situation where he'll look at everything realistically. He's doing well with his clients and, overall, has a good view of how things in FinTech work."

Laura Matukaitytė
is a senior associate in the firm's finance and insurance team with experience in the licensing and operational issues that payment and e-money institutions may encounter. "Laura is a rising star," says an interviewee. A client reveals: "She's very competent and it's always nice from a client's perspective when your lawyer goes that extra mile."

Tomas Kontautas
is the national managing partner and co-head of the finance and insurance team. He has been involved in major recent legislative FinTech initiatives, including the draft Insurance Law and the draft Financial Collateral Law, and has also been assisting the Ministry of Finance. A source says: "Tomas is a good guy and I often see him working with traditional financial institutions." Another adds: "Tomas has a very professional approach to legal matters and is able to advise with a practical approach. He's the type of person you like to work with."