News

An Employee Share Option is an effective way to retain the employee

Share options, which is a popular form of employee motivation in the West, also gain...

Lithuanian DPA fines platform „Citybee“ EUR 110,000 for non-compliance with GDPR

On November 29, 2021, the Lithuanian data protection authority (VDAI) imposed a fine of EUR...

GDPR derogations for transfers to third countries

The General Data Protection Regulation (GDPR) had a direct impact on marketing practices, including email...

Revolut gets its fourth license in Lithuania: Revolut Securities receives brokerage license (UPDATED 17/12/2021))

December 1, 2021 the Bank of Lithuania granted UAB “Revolut Securities” category B securities broker...

EDPB adopted the final version of Guidelines on restrictions of data subject rights

On October 2021, the European Data protection board (EDPB) adopted a final version of the...

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...