Providing legal advice and drafting the necessary documents for the client to prepare for the bank licensing process.
2023
Licensing of the (fund) management company
Providing legal advice, drafting documents and coordinating the process for the client to obtain a management company license in accordance with the Law on Alternative Managers of Collective Investment Undertaking of the Republic of Lithuania (implementing the Alternative Investment Fund Managers Directive).
2022-2023
Advice on licensing and operational issues under the new crowdfunding regulation (EU) 2020/1503
We are currently representing multiple clients in licensing processes under the new crowdfunding regulation (EU) 2020/1503. We are also actively advising crowdfunding market participants on the regulatory changes to their activities under the new regulation.
2022-2023
Consultations for credit unions
Advising credit unions operating in Lithuania on various complex operational issues, drafting legal documents, etc.
2022-2023
Advising virtual asset service providers during FCIS inspections
Legal advice and assistance to clients involved in the provision of virtual asset services, during inspections of their activities, carried out by the Financial Crime Investigation Service.
2022
Development of an innovative alternative finance product
Provided legal advice and drafted the necessary documents for a client developing an innovative alternative finance product based on carbon credits.
2022
Establishment of an electronic money institution
Provided legal advice and drafter the necessary documents for UAB BLUE EMI LT to obtain an electronic money institution licence.
2021-2023
Advice on virtual asset (crypto asset) issues
Active legal advice on complex crypto virtual asset related issues, including the provision and regulation of virtual asset services, securities token offerings (STOs), crypto-related lending, initial token offerings (ICOs), and NFT platform operations. Assistance to clients in drafting and coordinating related legal documents.
2021-2023
Consultations to specialised banks
Advising specialised banks on complex operational issues related to compliance, appropriate risk management, capital and other operational issues. Currently also representing a specialised bank in a risk management related inspection by the Bank of Lithuania.
2021
Establishment of a specialised bank
Legal advisory services to UAB SME Bank on the establishment of a new specialised bank, including drafting all licensing documents, coordinating the licensing process. The process was successfully completed with the European Central Bank issuing a specialised bank licence to the client in less than 12 months.
2021
Establishment of a (fund) management company
Advised UAB URBANUM RE on obtaining a (fund) management company authorisation to manage investment funds for informed investors.
2021
Establishment of a financial brokerage (investment) firm
Legal advisory services on licensing and operation of UAB “Monsoon Capital” (financial brokerage / investment firm), drafting of all legal documents. The client successfully obtained a category C brokerage / investment firm license.
2021
Establishment of electronic money institutions, operational advice
Provided legal advice and drafted all necessary documents for UAB “NS Pay” and UAB “DRUSVALAS” in successfully obtaining electronic money institution licenses (for restricted activities). Advice was also provided on the start of operations after the issuance of the licences.
2021
Establishment of crowdfunding platforms and advising crowdfunding market participant
In 2021, 5 clients were assisted in joining the Public List of Crowdfunding Platform Operators administered by the Bank of Lithuania. Intensive advice was provided to crowdfunding market participants on complex operational issues: attracting institutional investors, analysis of new business models, risk assessment of complex crowdfunding transactions, adaptation of operational documents to market changes, introduction of new products to the market, etc.
