Represented the client on acquisition clearance of the Lithuanian commercial bank in the European Central Bank

The Financial Services, Compliance and AML team was responsible for the acquisition of the local commercial bank clearance in the European Central Bank (ECB).

Our team’s tasks included consultations on the most effective shareholding and financing structure acceptable to the supervisory authorities (ECB and Bank of Lithuania), preparation of the documents for the ECB required for the clearance as well dealing with the supervisory authorities’ further requests and comments.