WALLESS Advised Square, Inc. on Successful Closing of Indirect Acquisition of Lithuanian Based E-money Institution Verse Payments Lithuania UAB

WALLESS has helped Square, Inc. to acquire Verse Group with its subsidiary Verse Payments Lithuania UAB, holding an e-money institution license in Lithuania. WALLESS advised Square, Inc. on the successful closing of the acquisition. Square, Inc. is listed on the New York Stock Exchange (ticker: SQ) and provides payment and financial services. It is the parent company of the Square Group, consisting of 28 companies operating in North America, Europe, Asia, and Australia. Square, Inc. is one of the major innovative payment, and financial service providers in North America and worldwide, and Verse will join the Cash App organization at Square, enabling the two teams to learn from one another. The acquisition was a complex transaction requiring the involvement of attorneys from different jurisdictions and comprehensive advice (related to corporate, data protection, finance regulatory and labour relations matters). The lead counsel of the deal Latham and Watkins entrusted WALLESS Managing Partner.

WALLESS Weekly Review

Subscribe and receive the summary of the Lithuanian Supreme Court's rulings every week in your inbox. The information is prepared by the WALLESS Arbitration and Dispute Resolution Team.

Please note that review is in Lithuanian.