WALLESS Weekly Review
Please note that the review is in Lithuanian.
On May 15th, AS Inbank and its subsidiary LLC Mokilizingas signed a cross-border merger agreement according to which Mokilizingas will be merged into Inbank. As a result of the merger, Inbank will continue its operation in Lithuania in a branch structure.
Completion of the merger is now subject to obtainment of authorisations from the Estonian Financial Supervision Authority and the Bank of Lithuania.
WALLESS lawyers Partner Gediminas Rečiūnas, Senior Associate Alina Makovska and Associate Akvilė Marozaitė assisted Inbank and Mokilizingas in relation to the merger, including, among others, preparation of the cross‑border merger agreement and filing documents for the purpose of obtaining necessary authorisations from the Bank of Lithuania.
WALLESS now continues advising the two companies on successful completion of the merger.
For more, please refer to: Public annoucement of Inbank.