Client

Fairown

Period

2021

Sector

Financial sector

Practice area

Banking, finance and insurance

We advised Fairown on the launch of their operations on the Estonian market 

We advised the client on the interpretation of the requirements set out in the Payment Institutions and E-money Institutions Act (including PSD2) and the Creditors and Credit Intermediaries Act. We also assisted them in drafting the contracts required for their commercial operations.


Fairown offers a product subscription software based on the principle of circular economy both in Estonia and in foreign markets.

We advised the client on the interpretation of the requirements set out in the Payment Institutions and E-money Institutions Act (including PSD2) and the Creditors and Credit Intermediaries Act. Among other things, we drafted sample contracts for the customer in cooperation with banks and other financiers.

In addition, we advised the customer on AML issues related to credit institutions, provided an overview of the requirements of payment institutions at the client’s request and explained the expectations of the Financial Supervision Authority with respect to obtaining a license as a payment institution.


Related persons

Karin Oras

Managing Partner, Attorney-at-Law, Head of Legal Services

karin.oras@kpmglaw.ee

+372 507 9241

Katri Remmelgas

Attorney

katri.remmelgas@kpmglaw.ee

+372 667 6805

We are committed to high-level strategic legal assistance in the Baltics, Scandinavia and globally.

Advokaadibüroo KPMG Law OÜ

+372 6676 805
info@kpmglaw.ee
Ahtri 4, 10151 Tallinn, Estonia
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