Legal advice was provided and licensing process was supervised for the client UAB Drusvalas. The client successfully obtained an E-money Institution license (for restricted activities).

Legal advice was provided to the client UAB URBANUM RE seeking to obtain a management company license (to manage investment funds for informed investors). The client has been successfully issued a Fund Management Company license. Legal assistance was also provided to the client on establishing new Investment Funds.

In 2021 alone, 8 clients – various supervised financial institutions – were advised on the proper performance of business-wide assessments of money laundering and terrorist financing risks. 2 financial institutions were helped to prepare for the inspections performed by the Bank of Lithuania on ML/TF prevention issues. We regularly advice financial institutions on the establishment, review and improvement of the AML/CTF systems and algorithms, our team also performs legal AML/CTF audits.

Advice was provided and licensing process was supervised for the client UAB NS Pay. The client successfully obtained an E-money Institution license (for restricted activities).

Advice on the requirements for banking activities in Lithuania and the European Union, including the coordination of licensing procedures, and the preparation of all necessary legal documents. The client UAB SME Bank has successfully obtained the specialized bank license from European Central Bank (the licensing process took up to 12 months). The client was also consulted on the start of bank’s operations.

Advice on issues related to the licensing and activity of an investment firm, preparation of all legal documents for incorporation of C category financial brokerage firm. The client UAB Monsoon Capital has sucessfully obtained the license of Financial Brokerage Firm.

In 2021 alone 5 clients were helped to successfully enter the Public List of Crowdfunding Platform Operators administered by the Bank of Lithuania. Various crowdfunding platforms were consulted almost daily on the complex issues of their crowdfunding activities (attraction of institutional investors, analysis of new business models, risk assessment of complex crowdfunding transactions, etc.).

Advice on the requirements for banking activities in Lithuania and the European Union, including the coordination of licensing procedures, and the preparation of all necessary legal documents.

Legal consultations, and the preparation of all legal documents necessary for the obtaining of a license, and the coordination of the licensing process. Preparation of additional legal documents for the commencement of business once the license had been obtained.

Consultations on issues related to the licensing and activity of an investment firm, preparation of all legal documents for incorporation of C category financial brokerage firm.

Legal consultations, and the preparation of all legal documents necessary for the obtaining of a license and coordination of the licensing process. Preparation of all necessary legal documents for the commencement of business once the license had been obtained..

Consultations on personal data protection for various Lithuanian and international financial services institutions (banks, management companies, payment institutions, operators of crowdfunding platforms, etc.), FinTech startups, as well as large manufacturing and services companies, shopping centers located in Baltic region and other clients. Fast and efficient crisis management in cases of personal data breaches.