It is rather short time remaining until the new Labour Code of the Republic of Lithuania enters into force (effective date is 1st July, 2017). Therefore we are sharing advice
More competition means more innovation, and that can only be an advantage for Europe’s consumers and businesses. Lithuanian authorities do not doubt about that and continues to present itself as
FinTech industry, resulting from the strengthening of linkages between the financial services and information technology sector, is a real technological whirlwind, providing financial markets with an enormous leap in progress.
One of the largest international legal directory “Legal 500” published the newest law firms world ranking. Law firm ECOVIS ProventusLaw was ranked among the strongest law firms in dispute resolution,
Lithuanian Ministry of Finance, the Bank of Lithuania and other state institutions continue discussions about actions, which may accelerate and promote FinTech industry‘s development in Lithuania. Soon the proposals will
FinTech market probably never has been on such rise as it is currently. Lithuania with the Bank of Lithuania at the forefront grasping full potential of FinTech enterprises for quite
Lithuania continues moving to attract FinTech sector companies. New Lithuanian Finance Minister Vilius Šapoka stated that creating better conditions for the FinTech sector is a high government priority.
What types of employment contracts are there in various countries and what basic requirements with respect to form and content need to be observed? These were the questions which ECOVIS
When you access the web, you often entrust personal information, such as your name, address, and credit card number, to your Internet Service Provider and to the website you are
Minister of Economy Mr. Mindaugas Sinkevicius does not hide his ambitions. As the new minister noted in his interview for the News Portal 15min.lt, he will do everything that Lithuania
The Chairman of the Board of the Bank of Lithuania Mr. Vitas Vasiliauskas states, that while he understands what kind of dangers establishment of small foreign financial technology companies might
Now that the European Parliament had approved the General Data Protection Regulation (the Regulation), which will be directly applicable in all EU Member States, it is important for businesses to
Lithuanian Parliament has adopted a new Labour Code of the Republic of Lithuania on 14th September 2016. The Labour Code will enter into force from 1st January 2017 (if the
With the expansion of e-commerce and alternative payment methods FinTech companies are becoming more and more active as they are looking for countries with suitable economic and political environment, even
Lithuanian Government made one more step expecting to enhance the development of the financial technology industry (FinTech) in the country. It approved a new regulation that will better enable financial
In order to attract more financial institutions and Fintech start-ups, Lithuania introduces a new type of payment service provider – so called “specialised bank”. This amendment will come into force
In Financial and Corporate 2017 Rankings, released by International legal directories IFLR1000, ECOVIS ProventusLaw was recognized in Banking and finance and M&A sectors.
Licensing of banks, credit institutions, payment and e-money institutions, fintech companies, insurance companies, investment funds and investment management companies for the purpose of providing services in single European market.
What is “corruption”? According to Transparency International, “corruption” is defined as “the abuse of entrusted power for private gain”. Such fraudulent conduct by those in power, aimed at getting private
In view of the fact that since upcoming years are very likely to see a significant expansion of the Payment services and E-money markets, it is necessary to present key