04/11/2019 The Bank of Lithuania has issued the Guidelines on Security Token Offering (STO) which provide greater regulatory clarity and aim at higher investor protection. The Bank of Lithuania is
28/10/2019 The Bank of Lithuania included Revolut Payments UAB into the list of Insurance Brokers. This happened just one day before the United Kingdom and European Union have reached BREXIT
The Court of Justice of the European Union (CJEU) ruled on that the consent is not validly constituted if, in the form of cookies, the storage of information or access
12/08/2019 Loreta Andziulytė, attorney at law and a head of Data Protection team of ECOVIS ProventusLaw, was Certified as Information Privacy Professional (Europe) by the International Association of Privacy Professionals
09/08/2019 The Court of Justice of the European Union (CJEU) ruled on that websites that use Facebook’s ‘Like’ button can be held liable for data collection.
01/08/2019 State Data Protection Inspectorate updated information regarding personal data processing for direct marketing purpose and announced the guidelines on how data processing of such persons should be carried out
18/07/2019 ECOVIS ProventusLaw strengthens it‘s competences in the field of anti-money laundering. Association of Certified Anti-Money Laundering Specialists (ACAMS) affirmed that Inga Karulaitytė-Kvainauskienė, attorney at law of ECOVIS ProventusLaw and
21/06/2019 As of 1 July 2019, the process of start-ups visa (“Startup visa”) issuance for foreigners from the third countries will be shorten twice than before in Lithuania – from
31/05/2019 State data protection inspectorate carried out an investigation on biometric personal data processing in the gyms. Biometric data is considered to be personal data received after special technical processing,
17/05/2019 After less than 1 year from the General Data Protection Regulation (hereinafter – GDPR) entry into force, State Data Protection Inspectorate (hereinafter – Inspectorate) imposed first significant fine for
12/04/2019 ECOVIS ProventusLaw remains in the top law offices in it’s main areas of expertise – banking, finance and capital markets, dispute resolution, labour law, real estate and construction as
State Data Protection Inspectorate has approved the list of data processing operations subject to the requirement to perform a Data Protection Impact Assessment.
22/02/2019 From the 1st of March 2019 the procedures of foreigners arriving to Lithuania for non-highly qualified jobs become way easier. Employers will no longer need to provide documents, confirming
18/02/2019 Lithuania‘s efforts and attention to money laundering and measures to combat such illicit activities was acknowledged by Moneyval, the Committee of Experts on the Evaluation of Anti-Money Laundering Measures
22/01/2019 After the UK Parliament rejected the Brexit Agreement terms proposed by the Prime Minister, companies which transfer personal data to this country in some way should pay attention.
04/12/2018 The State Data Protection Inspectorate of the Republic of Lithuania has published 20 minimum organizational and technical requirements and measures aimed at protecting personal data in each organization. These
12/04/2018 A major international legal directory “Legal 500” recently published newest law firm ranking according to which ECOVIS ProventusLaw remains among the best law firms in following rankings: – Banking,
06/04/2018 European Commission takes actions to promote Europe as a more attractive place for start-ups by introducing new regulations on crowdfunding. Commission has proposed a draft regulation to enable crowdfunding
12/02/2018 The fact about Lithuania as one the most favourable and friendly jurisdiction for FinTech companies, planning to offer payment service across the EU is spreading out. 30 electronic money
23/11/2017 “BREXIT means BREXIT, everywhere. Those who claim that the UK should pick parts of the single market must stop this contradiction. The single market is a package, with four