19/03/2020 The State Data Protection Inspectorate of the Republic of Lithuania has published information regarding processing of certain personal data in connection with the current situation due to coronavirus (COVID-19).
18/03/2020 1&1 TELECOM Imposed fine. German supervisory authority (The Federal Commissioner for Data Protection and Freedom of Information (BfDI)) has imposed a fine of 9,550,000 euros on the telecommunications service
18/03/2020 Employment relationships. How work can be organized and work functions performed to ensure the safety of both employees and employers. On their own initiative employees may: agree on remote
09/03/2020 Fintech in Lithuania is a rapidly developing field on the intersection of traditional finance and cutting-edge IT. Compared to other fintech institutions, Lithuania possesses one highly distinctive feature: a
24/02/2020 On 19 February 2020, the European Commission has unveiled it’s plans on the EU’s vision for digital policies, focusing on data and artificial intelligence governance and published a White Paper aiming
14/02/2020 From February 2020 the Bank of Lithuania (Central Bank) has extended the capabilities of CENTROlink system previously used only for the transferring of Euro (EUR) payments withing Single Euros
30/01/2020 Policy-makers across the world are looking at ways to tackle the risks associated with the development of artificial intelligence (AI). The discussion around (AI) technologies and their impact on
24/01/2020 In recent years we are facing with two new issues – blockchain technology and General Data Protection Regulation (hereinafter – GDPR). The blockchain network has no central authority. Since
20/01/2020 In the latest international law directory published by the “Chambers FinTech”, ECOVIS ProventusLaw was ranked among the leading FinTech law firms, and attorneys-at-law Inga Karulaitytė and Loreta Andziulytė were
10/01/2019 Since 1 January 2020 significant changes have entered into force regarding the regulation of labor relations in Lithuania. ECOVIS ProventusLaw has prepared a summary of changes related the labour and
13/12/2019 In November 7, 2019, the Parliament of the Republic of Lithuania ratified the Protocol (CETS No. 223) amending the Convention (hereinafter – the Convention) for the Protection of Individuals
12/12/2019 What Fintech companies need to know about financial and performance reports, also budgeting – that was the topic of traditional Ecovis ProventusLaw Knowledge sharing morning, that was held on
09/12/2019 Full house for two times – people attended ECOVIS ProventusLaw knowledge sharing events “GDPR: what to learn from mistakes?” and were keen to learn more about GDPR and how
05/12/2019 Proper is the principal aspect of stable and reliable operation of the electronic money and payment institution.
05/12/2019 The Supreme Court of Lithuania (SCL) has clarified when overcompensation for unused annual leave must not be refunded upon termination of the employment contract. The Judicial Panel of the
28/11/2019 Nowadays, vast majority of the employers are facing the problem of retaining professional employees. High salary is not the only mean of encouraging an employee to dedicate themselves to
29/11/2019 ECOVIS ProventusLaw team together with partner Comply Advantage participated in one of the biggest Fintech conferences in Baltics – Fintech Inn, which took place in Vilnius, Lithuania, on 27-28
25/11/2019 To open Fintech Inn week Fintech Hub LT whose active member is ECOVIS ProventusLaw, initiated Discussion “Financial technologies in Lithuania: possibilities and risks”, in Lithuanian Parlament:
22/11/2019 State Data Protection Inspectorate published a summary of inspections of rental companies and evaluated the implementation of the data minimization principle and the obligation to inform the data subjects
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
