Providing assistance necessary for getting a credit granting licence

Skrastiņš & Dzenis​ team has provided legal assistance to Estonian investor-owned company LandCredit by preparing all required documents necessary for getting special permit/licence for credit granting services, including documents (Internal control system’s rules) complying with GDPR and AML (Anti Money Laundering) requirements.

As a result, on November 21st 2018 Consumer Rights Protection Centre’s licence for LandCredit was issued, allowing the company to provide credit granting services using real estate as collateral.

Team of Skrastiņš & Dzenis was led by senior partner Aivis Dzenis and included senior associate Andra Bērzkalne.