Our legal team stepped in to handle the complex ownership restructuring. We identified an appropriate EU resident shareholder and director and initiated the commencement of the licensing process, which took approximately two months.
The process required significant creativity and meticulous attention to detail from our legal team. We ensured that all necessary documents were provided and effectively communicated the nature of the deal, explaining the flow of funds and the management model to the new owner. During this period, we also had to ensure that the company's brands continued to operate without any downtime or loss of traffic.
Additionally, we facilitated a smooth re-onboarding and new verification of all payment providers and notified partners of the ownership change without compromising any payment solutions.