Inga Karulaitytė-Kvainauskienė

Lawyer, attorney at law, partner of the law firm, CIPP/E.

Legal services practice areas

  • Licensing and Compliance
  • Media and Advertising
  • Distribution and Trade
  • Competition Law
  • Transport and Maritime Law
Expertise and experience

Inga Karulaitytė-Kvainauskienė is a partner and attorney at law at ECOVIS ProventusLaw, with more than 20 years of legal experience. She currently specialises in the fields of financial services, media, trade, competition and transport law.

She is a leader of a Fintech group at ECOVIS ProventusLaw and has deep knowledge and much experience in the licensing of e-money and payment institutions, as well as specialised banks. She focuses on the regulatory compliance side of fintech and she is also a certified AML expert, who can help with various compliance issues – AML and KYC processes, risk management, PSDII directive, and other regulatory compliance questions.

She also is:
• Ranked lawyer in Fintech Legal by Chambers and Partners Fintech 2020.
• Highly Regarded lawyer in Banking and finance by IFLR1000 2019 and 2020.
• Member of Association of Certified Anti-Money Laundering Specialists.
• Member of board of the Association FINTECHHUB LT.
• Expert of the International Distribution Institute since 2006.
• Member to the Lithuanian Bar since 2003.
• Licensed bankruptcy administrator since 2010.

Inga Karulaitytė-Kvainauskienė has been active in sharing her legal knowledge and experience: she has gained over 10 years of experience of lecturing at a university and she also shares her knowledge with businesses during a wide range of conferences and seminars.

Education

2016 to 2017
Public Procurement Regulation in the EU (Postgraduate studies in Higher Education, Law)
King’s College London (UK), Centre of European law

2000 to 2005
Bachelor of Business Administration and Management
Vilnius University, Faculty of Economics

1995 to 2000
Master of Laws (LL.M.)
Vilnius University, Faculty of Law

Insights

Civilinė teisė. Bendroji dalis. (Civil Law. General Part) Volume II, co-author, 2005, Vilnius

V. Papirtis, I.Karulaitytė-Kvainauskienė. Kai kurie civilinių teisių gynimo ypatumai taikant prevencinį ieškinį (Certain Aspects of Legal Remedies Related to Preventive Actions). Jurisprundencija, Volume 69 (61), 2005, Vilnius

Civilinė teisė. Bendroji dalis. (Civil Law. General Part) Volume II, co-author, MRU, 2007, Vilnius

New interesting case-laws on commercial agency.  International Distribution Institute, 2008

Study “Lietuvos Respublikos civilinis kodeksas: pirmieji dešimt galiojimo metų” (Civil Code of the Republic of Lithuania: First Ten Years in Effect), co-author, MRU, 2013, Vilnius

Court of Appeal of Lithuania passed an important ruling in a case related to commercial agency. International Distribution Institute, 2015

An interesting case law about the right of compensation after termination of a service contract. International Distribution Institute, 2016

Pakaitalą bankomatams sugalvojęs startuolis kuriasi Lietuvoje, vz.lt, 29/04/2019

„FinTech“ įmonių skaičius Lietuvoje pernai šoktelėjo 45%, vz.lt, 01/02/2019

„Brexit“ paskatino Didžiosios Britanijos elektroninių pinigų įstaigą ateiti į Lietuvą, lrt.lt, 30/07/2018

Lietuvos bankas licencijavo dar 4 fintech žaidėjus, vz.lt, 30/03/2018

Lithuania is seeking to attract FinTech companies from China, ecovis.lt, 30/10/2017

Singapore-Based Global Payments Processor “Instarem” Secures Lithuanian E-Money License For European Expansion, fintechnews.sg, 29/09/2017

Singapore’s Senjo acquires Lithuanian startup to gain access to EU markets, finextra.com, 05/05/2017

7 finansinių technologijų tendencijos šiais metais, lrt.lt, 14/02/2017

I. Karulaitytė-Kvainauskienė. Kaip neužkibti ant klaidinančios reklamos kabliuko? (How Not to Fall for Misleading Advetisement?), DELFI, 2016

I. Karulaitytė-Kvainauskienė, G. Domkutė. Kaip apsisaugoti nuo įmonės viduje išauginto nesąžiningo konkurento (How to Protect Yourself from an Unfair Competitor Raised in Your Company), DELFI, 2016

I.Karulaitytė. Naujas nekonkuravimo susitarimų kompensavimas: ką žinoti prieš rengiant darbo sutartį? (New Procedure for Compensation under Non-Competition Agreements: What You Should Know Before Drafting an Employment Agreement), DELFI, 2016

Darbuotojas – pas konkurentą (An Employee Has Deserted to a Competitor), Verslo žinios, 2016

Awards and recognitions

Knowledge without experience is of little use. Therefore we are proud of having our own valuable experience to share with you.

ECOVIS Proventuslaw was ranked in Chambers FinTech 2020 and has been highly recommended as a ranked firm in FinTech Legal. It was distinguished as well equipped to handle investment fund matters in addition to providing commercial support to financial institutions.

ECOVIS ProventusLaw's team is really professional and possesses deep knowledge about employment law. We would recommend Ecovis ProventusLaw as a very strong law firm in representing clients in disputes concerning employment relationships.

Inga Karulaitytė was recognised as Highly Regarded lawyer in Banking and finance by IFLR1000 2019 and 2020 rankings.

When choosing a law firm that would go through the entire licensing process with us as a company which aims to become an electronic money institution, there was no doubt that we should co-operate with ECOVIS.

The strengths of this team are that its team is deeply knowledgeable about the regulations in the field of real estate and construction and it also constantly improves its competences.

Loreta Andziulytė is a partner who can offer clients her knowledge in TMT, data protection, bankruptcy, restructuring, corporate governance and financial regulatory affairs. Her knowledge is reflected in her precise, qualitative and comprehensive documents and consultants.

Ecovis ProventusLaw is best known in Lithuania for its banking work, where it regularly completes fintech-related deals. They are very good at adapting quickly.

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