Inga Karulaitytė-Kvainauskienė

Lawyer, attorney at law, partner of the law firm

Legal services practice areas

  • Licensing and Compliance
  • Media and Advertising
  • Distribution and Trade
  • Competition Law
  • Transport and Maritime Law
Expertise and experience

Inga Karulaitytė-Kvainauskienė is a partner and attorney at law at ECOVIS ProventusLaw, with more than 20 years of legal experience, currently specializes in financial services, cryptocurrency regulation, ESG, AML/CTF, International Sanctions, and IT/IP law.

She is a leading partner of a Fintech group at ECOVIS ProventusLaw and has deep knowledge and experience in licensing and legal advice to financial institutions.

She focuses on regulatory compliance, including risk assessments and the risk management side of fintech, and she is also a certified AML and International Sanctions risk management expert who can help with various compliance issues.

She also is:

  • Ranked lawyer in Fintech Legal by Chambers and Partners Fintech 2020, 2021, 2022, 2023, 2024
  • Highly Regarded lawyer in the Banking and Finance directory by IFLR1000, Chambers and Partners, and the LEGAL500 2019, 2020, 2021, 2022 and 2023
  • Member of the board of the Association FINTECHHUB LT
  • Certificate of Completion of Internal Auditor‘s Training since 2020
  • The chairwoman of ESG Group at Ecovis International
  • Member of the Lithuanian Bar since 2003

“I’ve found Inga to be helpful, knowledgeable and resourceful.” Chambers Fintech, 2023

“Inga Karulaityte and Linas Vidžys provided a professional service to us. They are extremely knowledgeable and resourceful when guiding us. Their knowledge and understanding of the requirements are superior and they care about the outcome of their work for us as a client. We had an easy access to them at all times and they delivered fast and efficient service to us.” Legal500, 2023

“One of the first lawyers starting to grow the fintech ecosystem in the country.” Legal500, 2023

Education

2016 to 2017
Public Procurement Regulation in the EU (Postgraduate studies in Higher Education, Law)
King’s College London (UK), Centre of European law

2000 to 2005
Bachelor of Business Administration and Management
Vilnius University, Faculty of Economics

1995 to 2000
Master of Laws (LL.M.)
Vilnius University, Faculty of Law

Insights

Civilinė teisė. Bendroji dalis. (Civil Law. General Part) Volume II, co-author, 2005, Vilnius

V. Papirtis, I.Karulaitytė-Kvainauskienė. Kai kurie civilinių teisių gynimo ypatumai taikant prevencinį ieškinį (Certain Aspects of Legal Remedies Related to Preventive Actions). Jurisprundencija, Volume 69 (61), 2005, Vilnius

Civilinė teisė. Bendroji dalis. (Civil Law. General Part) Volume II, co-author, MRU, 2007, Vilnius

New interesting case-laws on commercial agency.  International Distribution Institute, 2008

Study “Lietuvos Respublikos civilinis kodeksas: pirmieji dešimt galiojimo metų” (Civil Code of the Republic of Lithuania: First Ten Years in Effect), co-author, MRU, 2013, Vilnius

Court of Appeal of Lithuania passed an important ruling in a case related to commercial agency. International Distribution Institute, 2015

An interesting case law about the right of compensation after termination of a service contract. International Distribution Institute, 2016

Pakaitalą bankomatams sugalvojęs startuolis kuriasi Lietuvoje, vz.lt, 29/04/2019

„FinTech“ įmonių skaičius Lietuvoje pernai šoktelėjo 45%, vz.lt, 01/02/2019

„Brexit“ paskatino Didžiosios Britanijos elektroninių pinigų įstaigą ateiti į Lietuvą, lrt.lt, 30/07/2018

Lietuvos bankas licencijavo dar 4 fintech žaidėjus, vz.lt, 30/03/2018

Lithuania is seeking to attract FinTech companies from China, ecovis.lt, 30/10/2017

Singapore-Based Global Payments Processor “Instarem” Secures Lithuanian E-Money License For European Expansion, fintechnews.sg, 29/09/2017

Singapore’s Senjo acquires Lithuanian startup to gain access to EU markets, finextra.com, 05/05/2017

7 finansinių technologijų tendencijos šiais metais, lrt.lt, 14/02/2017

I. Karulaitytė-Kvainauskienė. Kaip neužkibti ant klaidinančios reklamos kabliuko? (How Not to Fall for Misleading Advetisement?), DELFI, 2016

I. Karulaitytė-Kvainauskienė, G. Domkutė. Kaip apsisaugoti nuo įmonės viduje išauginto nesąžiningo konkurento (How to Protect Yourself from an Unfair Competitor Raised in Your Company), DELFI, 2016

I.Karulaitytė. Naujas nekonkuravimo susitarimų kompensavimas: ką žinoti prieš rengiant darbo sutartį? (New Procedure for Compensation under Non-Competition Agreements: What You Should Know Before Drafting an Employment Agreement), DELFI, 2016

Darbuotojas – pas konkurentą (An Employee Has Deserted to a Competitor), Verslo žinios, 2016

Awards and recognitions

Knowledge without experience is of little use. Therefore we are proud of having our own valuable experience to share with you.

Business-minded approach, dedicated team, responsiveness looking for solutions, ready for the extra mile. They are known in the market as brilliant experts of Fintech

ECOVIS Proventuslaw was ranked in Chambers Europe Ranking 2019, 2020, 2021 and Chambers FinTech 2020, 2021, 2022, 2023.

Inga Karulaitytė was recognised as Highly Regarded lawyer in Banking and finance by IFLR1000 2019 and 2020 rankings.

ECOVIS is knowledgeable and helpful on complex matters, and has been able to provide access to subject matter experts in all areas when handling our queries.

ECOVIS ProventusLaw specialists are very flexible and have solutions to every problem we have. It is always a pleasure to communicate with them

Loreta is very sharp-minded. She always looks out of the box, has a vast experience in various sectors and can provide diverse solutions.

Ecovis has a dedicated employment team, which always takes care of the clients’ needs and tries to find the best solution. It doesn’t matter on which side they have to be – on the employee or the employer, Ecovis will ensure that the solution will be found.

Ecovis ProventusLaw is best known in Lithuania for its banking work, where it regularly completes fintech-related deals. They are very good at adapting quickly.

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