Financial Institutions and Fintech Licensing in the EU
Comprehensive advisory on financial institution licensing, passporting and regulatory compliance across the European Union and beyond.
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Lithuania will accept driving license as ID for bank account opening
Lithuanian parliament voted in favour of the amendments to the Law on the Prevention of...
From 1 January 2021, Lithuania will offer e-resident status to foreigners
From 1 January 2021, amendments to the Law of the Republic of Lithuania on the...
Fast and Easy Business Relocation for Belarusian Companies to Lithuania
In the recent years, the favorable opportunities for investments and trade in Lithuania attract more...
European Data Protection Board adopts guidelines on consent under the GDPR
15/05/2020 European Data Protection Board (the “EDPB”) recently published its Guidelines 05/2020 (the “EDPB Guidelines”)...
ECOVIS ProventusLaw – among leading law firms shows Legal500 rankings
22/04/2020 One of the largest international legal directory “Legal500” published the newest law firms world...
COVID-19. Subsidies to be paid to employers as support during the quarantine
If you’re an employer who had to declare idle time due to the coronavirus crisis, you can get...
Commercial agent’s right to compensation and damages
15/04/2020 In Article 2.167 of the Civil Code of the Republic of Lithuania (hereinafter –...
Remote customer identification – how to be compliant with GDPR?
1/04/2020 Financial institutions and other obliged entities that are using remote customer identification methods must...
COVID-19. Board of Bank of Lithuania continues its work remotely
01/04/2020 Following the announcement of quarantine in the territory of the Republic of Lithuania, the...
GDPR fines. What can we learn from mistakes? March 2020
18/03/2020 1&1 TELECOM Imposed fine. German supervisory authority (The Federal Commissioner for Data Protection and...
Lithuanian Fintech Landscape: Trends and Developments
09/03/2020 Fintech in Lithuania is a rapidly developing field on the intersection of traditional finance...
EU Commission published White paper on AI regulation
24/02/2020 On 19 February 2020, the European Commission has unveiled it’s plans on the EU’s...
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