News

Fintech

2020.05.29

The Bank of Lithuania has prepared the guidelines on opening bank accounts for electronic money and payment institutions

Since electronic money and payment institutions (hereinafter – Institutions) are facing problems on opening bank...

AML

2020.05.22

COVID-19-related money laundering and terrorist financing risks and policy responses by FATF

22/05/2020 The COVID-19 pandemic has led to unprecedented global challenges, human suffering and economic disruption....

Legal advice

2020.05.21

SCL interpretations regarding labour disputes on rights with an international element concerning the jurisdiction, interpretation, and application

2020-05-21 On May 6th, 2020, the Supreme Court of Lithuania released an important ruling...

Data protection Insight Legal advice

2020.05.15

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”)...

AML Data protection Experience Insight

2020.04.22

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...

Insight

2020.04.15

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...

Insight Legal advice

2020.04.15

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 –...

Data protection Insight

2020.04.14

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...

AML Insight

2020.04.01

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...

AML Fintech

2020.03.31

COVID-19. Recommendations for FinTech market participants

31/02/2020 The coronavirus pandemic poses real threats to the Lithuanian and global economies. The European...

AML Fintech

2020.03.31

CASE STUDY: Swedbank fined for failing to combat money laundering

31/03/2020 Swedish and Estonian financial supervision authorities hit Swedbank with a record fine of 4...

Legal advice

2020.03.19

COVID-19. Personal data protection during pandemic

19/03/2020 The State Data Protection Inspectorate of the Republic of Lithuania has published information regarding...

Legal advice

2020.03.18

COVID-19 legal issues: what business need to know

18/03/2020 Employment relationships. How work can be organized and work functions performed to ensure the...

Data protection Insight

2020.03.18

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...

AML Fintech

2020.03.13

ECOVIS ProventusLaw training for Fintech companies

13/03/2020 ECOVIS ProventusLaw training “International Economic and Financial Sanctions and their Risk Management in Fintech...