WALLESS has developed a wide fintech practice, covering a broad scope of services ranging from regulatory investigations to transactions and licensing. Its clients include some of the biggest names in Europe’s fintech and electronic payments market. Notably, the firm helped DriveWealth’s Lithuanian subsidiary obtain a financial brokerage firm licence, giving it access to the EU market. The team is led by Joana Baublyte-Kulviete, who is recognised for her expertise in financial regulations and restructuring. Another name to note is Laurynas Narvydas, who is praised by clients for his ‘experience and time management’. Since publication, Gediminas Rečiūnas departed the firm.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘Laurynas Narvydas particularly stands out for his experience and time management.’
- ‘Walless have shown deep knowledge of the fintech industry and used their real-life experience in their services that created a lot of value for us.’
Key clients
- DriveWealth
- Vinted, UAB
- Ebury Partners Limited (Banco Santander group)
- RIA Lithuania, UAB
- SumUp EU Payments, UAB
- DiPocket UAB
- Iron Wolf Capital
- Scalewolf
- Nuvei, UAB
- Yapily
Work highlights
Advised DriveWealth, a major US wealthtech company, in obtaining a financial brokerage firm licence to provide investment services, as well as all matters relating to the licensing, upcoming launch of its activities and other legal matters.
Advised Ebury Partners Limited, part of Banco Santander group, on obtaining regulatory approvals for acquisition of Lithuanian payment institution ArcaPay UAB (regulatory permissions successfully obtained, transaction completion ongoing).
Assisted Iron Wolf Capital to launch an EUR 100 million early-stage fund to back the region’s most promising deep tech and AI startups.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Practice head
Joana Baublyte-Kulviete
Other key lawyers
Laurynas Narvydas