TGS Baltic advised Evernord regarding obtaining a licence of a financial brokerage firm

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TGS Baltic advised Evernord UAB regarding obtaining a licence of a financial brokerage firm and in relationship with the Bank of Lithuania.

Vidmantas Drizga and Agnius Pilipavičius, partners of the Firm, advised Evernord UAB in preparation of the action plan, internal procedures and other documents necessary for obtaining a licence of a financial brokerage firm.

Evernord UAB was established by the management of the Vilnius branch of Evli Securities AS, which is controlled by a Finnish investment bank, in implementation of the agreement to buy out the business from the Finnish investment bank. After obtaining a licence of a financial brokerage firm Evernord UAB became an authorised representative of the Finnish investment bank Evli and took over provision of asset management services in Lithuania and in Latvia.