News

Draft Instructions for AML and International Sanctions for Financial Market Participants in Lithuania

Instructions aimed at preventing money laundering and/or terrorist financing The Bank of Lithuania has issued...

Maximizing Your Business Potential: The Power of Employee Share Options

In today’s competitive business world, attracting and retaining top talent is crucial to the success...

The Bank of Lithuania and the FCIS Have Published the Annual Inspection Plans. How to Prepare for the Inspection?

On January 17, the Bank of Lithuania announced the 2023 inspection plan for financial market participants....

Lithuania Remains the Go-To Country in EU for Crypto Activities

Lithuania has established itself as a leading FinTech hub in the European Union and continues...

Is your cookie banner compliant? EDPB adopts the report on the work undertaken by the Cookie Banner Task force.

On the 18th of January, 2023 the EDPB adopted a report on the work undertaken by the Cookie...

Importance of Learning From Data Protection Violations and 3rd Monthly Review of GDPR Fines

On 22 December 2022, the French Data Protection Authority (“CNIL”, “French DPA”) fined the tech...

Lithuanian FinTech Industry Keeps Growing

In 2022, 224 institutions interested in operating or seeking a license in Lithuania have applied...

Data Protection Impact Assessment – Why And When Should It Be Carried Out?

With the General Data Protection Regulation (GDPR) in force, many organisations already have most of...

CJEU ruling prohibits unrestricted access to beneficial owners’ personal data

On 22 November 2022, the Court of Justice of the European Union (“CJEU”) gave a...

Amendments to the Law on Companies: What’s New?

The Parliament of the Republic of Lithuania has adopted amendments to the Law on Joint-Stock...

ECOVIS Took Part In IAPP Europe Data Protection Congress 2022

IAPP Europe Data Protection Congress 2022, Europe’s #1 gathering of data protection professionals has returned...

France Fines Clearview AI Maximum Possible For GDPR Breaches And a New ECOVIS Monthly GDPR Fines Review Initiative

France’s CNIL became the fourth data protection authority (DPA) this year to fine U.S.-based Clearview...

Possible Changes to the Law on Legal Protection of Personal Data announced

On 18 October 2022, a draft amendment to the Law on Legal Protection of Personal...

Changes Await The Lithuanian Crypto Market From November 2022

Lithuania strengthens the supervision of the cryptocurrency sector. From November 2022, the country will ban...

How To Prevent a Potential Data Breach?

ECOVIS ProventusLaw keeps you up-to-date with recent news and legislative changes relevant to the business....