I specialise in the regulation of financial services and crypto-asset services.
I advise clients on the licensing and regulation of financial market participants, and I also work extensively with clients on the crypto-asset market and its regulation. My experience and expertise allow me to offer clients optimal and practical solutions in the areas of legal regulation, risk management and compliance, as well as to help them prepare for regulatory changes and provide professional advice.
Acknowledged as “Leading associate” in fintech practice area (Legal500) and “Rising star” in financial regulatory services practice area (IFLR1000).
2025
Licensing of crypto-asset service providers
Advising entities applying for crypto-asset service providers’ licences under the new Markets in Crypto-Assets Regulation (MiCAR), coordinating processes with the supervisory authority.
2024
Advice to an electronic money institution on the issuance of e-money tokens
Advised an electronic money institution on issuance of e-money tokens under the MiCA Regulation.
2024
Advice to a credit union on capital adequacy and profit distribution
Advised a credit union on profit allocation and compliance with prudential requirements.
2024
Advice on cooperation between a crowdfunding service provider and a private debt fund
Advised a crowdfunding service provider on cooperating with a private debt fund to provide syndicated financing to project owners.
2024
Specialised bank licensing
Coordination of the process of advising an entity seeking a specialised bank license with the supervisory authority.
2024
Advice to a specialised bank on capital matters
Advised a specialised bank on the formation of share capital from the bank's capital reserve, coordinated the process with the supervisory authority, advised shareholders.
2024
Advice to specialised banks on product development
Active provision of legal advice to specialised banks in expanding the range of financial/lending products to enable banks to participate in crowdfunding and peer-to-peer lending platforms and to finance relevant crowdfunding and peer-to-peer lending projects.
2023 - 2024
Bank licensing
Provided legal advice and drafted the necessary documents for the client to prepare for the bank licensing process.
2023 - 2024
Licensing of a management company
Provided legal advice, drafted documents and coordinated the process for the client to obtain a management company’s license under the Law on Managers of Alternative Collective Investment Undertakings of the Republic of Lithuania.
2022 - 2025
Advice on licensing and operational issues under the ECSP Regulation
We are currently representing a number of clients in licensing proceedings under the ECSP Regulation. We are also actively advising crowdfunding market participants on the regulatory changes to their activities under the ECSP Regulation.
2022 - 2025
Advice to 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, including assistance during inspections of their activities carried out by the Financial Crime Investigation Service (FICIS).
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 electornic money institution
Legal advice and drafting of necessary documents for UAB BLUE EMI LT to obtain an electronic money institution licence.
2021 - 2023
Advice on virtual assets (crypto-assets) matter
Active legal advice on complex cryptocurrency-related issues, including the provision and regulation of cryptocurrency-related services, securities token offerings (STOs), cryptocurrency-related lending, initial token offerings (ICOs), and NFT platform operations. Assistance to clients in drafting and coordinating related legal documents.
2021 - 2025
Advice 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 examination by the Bank of Lithuania.
2021
Licensing of a specialised bank
Legal advisory 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
Licensing of a management company
Advised UAB URBANUM RE on obtaining a management company authorisation for the management of investment funds intended for informed investors.
2021
Licensing of a financial brokerage company
Legal advisory on licensing and operation of UAB Monsoon Capital brokerage firm, drafting of all legal documents. The client successfully obtained a category C brokerage firm licence.
2021
Licensing of an electronic money institution, advice on operational issues
Provided legal advice and drafted all necessary documents for UAB NS Pay and UAB DRUSVALAS in successfully obtaining licenses for electronic money institutions (for limited activities). Advice was also provided on the start of operations after the issuance of the licences.
2021
Licensing of crowdfunding platforms and advising crowdfunding market participants
In 2021, 5 clients were assisted in joining the Public List of Crowdfunding Platform Operators administered by the Bank of Lithuania. Intensive advice 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.
