News

Luxembourg DPA imposed fines for the violations on the role of data protection officer

November 2021, during the audit proceedings carried out by the National Commission for Data Protection...

GDPR Challenges: How to Manage a Data Subject Requests?

The General Data Protection Regulation (GDPR) strengthened the rights of individuals and made an impact...

Peer-to-peer insurance platform is a big challenge to traditional insurance companies

Peer-to-peer (P2P) insurance platform has been tested for a year in the regulatory sandbox of...

Reminder: the revised Guidelines on money laundering and terrorist financing risk factors has entered into force

ECOVIS ProventusLaw would like to remind FinTech market participants that the revised Guidelines on money...

An Employee Share Option is an Effective Way to Retain the Employee

In the past, companies expected job loyalty but today we hear stories of employees accepting...

The Norwegian DPA fines a toll company EUR 496,000 for non-compliance with the obligation conduct personal data transfer impact assessment

On the 27th of September, 2021, final decision in the data protection case between Norwegian...

Is European Commission’s proposed AML legislative package in line with GDPR?

On July 22nd, 2021, The European Commission released a package of legislative proposals, which aims...

Fintech companies identifies cybercrime as a major challenge

The Bank of Lithuania has published the Review on the attitude of the Lithuanian financial...

Investment in fintech boom: Acquiring Fintech Startups goes mainstream

Business growth through acquisition, mergers are particularly felt in the fintech sector recently. Potential buyers...

The European Commission’s adequacy decision on data protection in the United Kingdom

On 28 June 2021, the European Commission announced the adoption of the adequacy decision in...

Strict position of the Court on the level of detail of information provision to the data subject and application of security measures

The Supreme Administrative Court of Lithuania adopted a decision in the case of Secure Nordic...

Internal control will be a key to success for FinTechs in 2021

The Bank of Lithuania announced the report of the payment market for 2020. They also...

International Data Transfer to Third Countries

On 18 June 2021, the European Data protection board (EDPB) adopted Recommendations 01/2020 on measures...

Judgement of the Court of Justice of the European Union on the powers of the national data protection supervisory authorities in other EU states

On 15 June 2021, the Court of Justice of the European Union (CJEU) adopted a...

Change to the terms of employment and the need to justify the reasons for the change: the latest case law of the Supreme Court of Lithuania

On 16 June 2021, the Supreme Court of Lithuania (SCL) examined a civil case that...