Financial Institutions

Practice Areas

Industries

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       'ID' => 14326,
       'post_author' => '17',
       'post_date' => '2022-01-10 12:20:09',
       'post_date_gmt' => '2022-01-10 09:20:09',
       'post_content' => 'Businesses operating in agriculture face a diverse set of challenges, some common to many companies in the industry, and some specific to their own circumstances. Regardless of the kinds of challenges that are involved, our team of professionals has extensive experience in helping solve them.
  • In the agricultural industry, civil disputes arise from the non-performance of contracts due to natural causes, fundamental changes in market prices, and a number of other reasons, often involving complex arguments about penalties and losses. We frequently represent clients in such cases.
  • Financial derivatives to hedge against changes in commodity prices are extremely common in the commodity export sector, but such complex instruments are difficult for public authorities to understand, and the Tax Inspectorate, the Competition Council, and other institutions are often asked to resolve complicated and confusing questions. Our team is closely acquainted with these instruments, follows their development, and successfully defends clients in disputes with the state that involve them.
  • International trade in agricultural products such as plant protection products and fertilizers is inevitably linked to customs law and import and export procedures. Our Tax Dispute team can assist with such matters.
  • Innovation in agriculture, the introduction of new products or services, e-trade, the remote provision of services, and the protection of personal data are just a few of the areas in which our Corporate Law team specializes and is ready to help.
Representatives of our Tax, Corporate, and Litigation departments frequently work together to assist with acquisitions, expansions, and reorganizations, and these joint teams accompany clients throughout all related processes.', 'post_title' => 'Agriculture', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'agriculture', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-24 15:58:34', 'post_modified_gmt' => '2023-01-24 12:58:34', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'https://motieka.stillnot.live/?post_type=industries-expertise&p=14326', 'menu_order' => 3, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 1 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 41, 'post_author' => '1', 'post_date' => '2017-01-05 09:29:02', 'post_date_gmt' => '2017-01-05 06:29:02', 'post_content' => 'Our team holds a leading position in advising and representing airlines and other aviation-industry companies on a full range of aviation-related matters, including disputes.

We offer legal coverage on all aspects of the aviation business, including:

  • The sale, lease, and novation of aircraft
  • Aircraft, crew, maintenance, and insurance leases – whether wet, damp, or dry – and charter projects
  • Aircraft line and heavy maintenance
  • Ground handling (including fuel supply, catering, etc.)
  • Engine and spare-parts lease, sale, purchase, and consignment
  • Crew lease and other employment-related issues
  • Lithuanian and European Union regulations
  • Litigation and arbitration
', 'post_title' => 'Aviation', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'aviation', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-30 11:28:55', 'post_modified_gmt' => '2023-01-30 08:28:55', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'http://motieka.loc/?post_type=industries-expertise&p=41', 'menu_order' => 4, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 2 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 1303, 'post_author' => '17', 'post_date' => '2017-06-06 15:08:48', 'post_date_gmt' => '2017-06-06 12:08:48', 'post_content' => 'The energy industry is complex, fast-changing, and high-risk, and industry players need advisors who understand not only what the sector requires today, but what it will look like tomorrow. Our lawyers have that understanding – and extensive experience in advising the largest companies operating in the gas, oil, heat, electricity, mining, and renewable-energy fields, not only in Lithuania, but worldwide. Our energy-law experts build long-term relationships with their clients and offer them creative and valuable solutions based on their extensive knowledge and many years of experience in the field. In addition, our energy experts often work closely with lawyers from other practice groups to provide practical advice on all aspects of energy law – from innovative green-energy projects to any and all regulatory matters – and, when required, represent them in judicial disputes.

In particular, we:

  • Stay on top of new regulations, cases, state policies, trends, and developments of significance in the energy business, with a special focus on opportunities and risks
  • Represent energy companies in mergers and acquisitions and in raising investments
  • Employ our many years of litigation experience to resolve complex disputes for our clients, manage crises through negotiations, and represent companies in private and collective actions
  • Have extensive experience in representing clients in regulatory disputes both in Lithuanian administrative courts and in high-value international arbitrations.
', 'post_title' => 'Energy', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'energy', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-25 12:51:22', 'post_modified_gmt' => '2023-01-25 09:51:22', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'http://www.motieka.lt/?post_type=industries-expertise&p=1303', 'menu_order' => 5, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 3 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 1305, 'post_author' => '17', 'post_date' => '2017-06-06 15:11:31', 'post_date_gmt' => '2017-06-06 12:11:31', 'post_content' => 'Motieka & Audzevičius brings together specialists from various areas of law to represent entertainment and leisure companies, provide them with unique market insights, and advise them on complex disputes and sophisticated transactions. The leisure and entertainment sector is increasingly moving towards interactive and mobile content, with computer games becoming an ever-more popular and profitable product. To stay one step ahead of the field, lawyers need to evolve with the industry, delve deeper into technological innovations, and make sure they’re aware of the sector’s unique demands and requirements. Our team does just that, allowing them to provide solutions to problems to help reduce the risk of costly litigation and offer advice based on out-of-the-box thinking and years of experience.

Our services for clients in the entertainment industry include:

  • assistance with copyright, licensing, and trademarks
  • tax advice
  • bankruptcy and restructuring solutions
  • financing and raising private-equity capital
  • corporate governance
  • regulatory matters
  • representation in court
  • competition-law matters
', 'post_title' => 'Entertainment', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'entertainment', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-24 16:05:06', 'post_modified_gmt' => '2023-01-24 13:05:06', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'http://www.motieka.lt/?post_type=industries-expertise&p=1305', 'menu_order' => 6, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 4 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 1307, 'post_author' => '17', 'post_date' => '2017-06-06 15:12:50', 'post_date_gmt' => '2017-06-06 12:12:50', 'post_content' => 'Today, companies need to stay aware of environmental issues and the impact of their business’s operations on the environment. In the effort to maintain operational activities, while complying with the many environmental requirements, companies often face significant challenges and legal obstacles:
  • Investors are increasingly incorporating environmental, social, and governance issues into their investment assessments, so companies need to have robust sustainability programmes that meet investor expectations and have reliable future-performance indicators.
  • Institutions providing funding for projects focus on sustainability schemes in companies and their compliance with IFC Performance Standards on Environmental and Social Sustainability, and investors give priority to projects involving environmental-impact mitigation.
  • Environmental regulations and requirements for reports and permits are evolving and becoming ever-more complex.
  • The development of new territories, the redevelopment of blighted areas, and even production and industrial activities that took place decades ago are put under the magnifying glass due to the risks of environmental pollution.
Our team of lawyers follows and understands these trends and provides our clients with valuable insights into sustainability-related laws, regulations, and standards, and helps them develop a strategy to reduce the risk of environmental damage, while continuing to increase their own competitiveness. Our lawyers advise companies in all areas related to the environment, including utilities, transport and infrastructure, water and waste management, and we have earned the trust of market leaders such as City Service and Ecoservice. Companies choose us because we work closely with them to provide the necessary assistance in a minimum amount of time.

We help your business remain sustainable and compliant by:

  • Assisting with environmental-impact assessments and helping obtain permits necessary to operate.
  • Providing advice on environmental restrictions.
  • Representing you in court in environmental-violations cases, when they arise.
  • Applying efficient, innovative solutions in the area of environmental protection.
  • Preventing possible environmental damage.
', 'post_title' => 'Environment', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'environment', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-02-02 17:29:18', 'post_modified_gmt' => '2023-02-02 14:29:18', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'http://www.motieka.lt/?post_type=industries-expertise&p=1307', 'menu_order' => 7, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 5 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 1309, 'post_author' => '17', 'post_date' => '2017-06-06 15:15:45', 'post_date_gmt' => '2017-06-06 12:15:45', 'post_content' => 'Increasing the maturity of the financial-services sector is the primary strategic goal of the Bank of Lithuania. For this reason, ensuring that fintech companies and other financial institutions comply with all legal requirements during the licensing process and subsequent operations is critical.
  • Entities wishing to provide financial services in Lithuania must first obtain an activity license from the Bank of Lithuania. We are familiar with the licensing process and advise payment and electronic-money institutions, crowdfunding platform operators, and other financial institutions seeking licenses to operate. We help our clients register on the lists of consumer credit providers and their intermediaries that are maintained by the Bank of Lithuania.
  • We help clients that are licensed to provide financial services in Lithuania expand their operations internationally and conduct all processes necessary to commence operations in other EU Member States.
  • In some cases we can help clients make slight adjustments to their business models, thus putting them outside the scope of financial services regulation. We provide practical advice to clients developing service-delivery processes.
  • The activities of the financial sector are regulated by the Republic of Lithuania, as well as the EU. Knowing all the relevant acts and keeping track of all relevant changes is a major challenge; and one that requires significant resources and time. We help our clients understand the constantly changing legal regime and assist in the implementation of changes as they become necessary, as well as providing advice on compliance issues.
  • The prevention of money laundering and terrorist financing is a critical part of financial-institution activities. How to comply with sanctions and other restrictive measures, and how to properly perform know-your-client procedures – we answer these and other questions from a practical perspective.
  • Supervisory authorities regularly conduct both routine and unplanned inspections of financial institutions, which can sometimes result in extremely painful sanctions both to reputation and finances. We help clients answer the questions asked during these inspections, forming their official position, as well as working efficiently to correct any defects identified during inspections.
', 'post_title' => 'Financial Institutions', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'financial-institutions', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-24 16:19:15', 'post_modified_gmt' => '2023-01-24 13:19:15', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'http://www.motieka.lt/?post_type=industries-expertise&p=1309', 'menu_order' => 8, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 6 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 1311, 'post_author' => '17', 'post_date' => '2017-06-06 15:17:25', 'post_date_gmt' => '2017-06-06 12:17:25', 'post_content' => 'Manufacturing and industrial companies face a variety of pressing economic and political challenges. Our responsibility to these companies is not limited to offering professional legal advice – we also provide detailed insight on the market and help our clients to develop and implement their strategic goals.

Our lawyers provide relevant legal advice on the variety of issues faced by companies in the manufacturing sector, including:

  • International Sanctions. International sanctions have recently become the number-one issue for many entities in the sector. From sourcing raw materials to managing energy costs and delivery and sales channels, every aspect of the manufacturing and distribution business has been impacted by sanctions. Lithuania, located at the crossroads between East and West, feels the impact of all the changes in this area. As a result, our team monitors the current sanctions regime to stay immediately informed of all related developments to make sure we can provide timely and superior advice to our clients, allowing for the creation of effective action plans to minimize their risks.
  • Transactions. As with any industry, manufacturing companies often grow through mergers and acquisitions, spin-offs, and other reorganizations. Our corporate-law team works with our tax experts to successfully manage even the largest regional transactions.
  • Disputes. Our Dispute Resolution team is always ready to help clients facing contractual breaches, damages, force majeure issues, etc. With the top dispute-resolution lawyers in Lithuania, we are well-positioned to represent our clients in any fight, whether domestic and international, and in any court or arbitral tribunal.
  • Regulations and Regulatory Disputes. Regulatory procedures and disputes with government institutions are daily bread for our dedicated Administrative Law team. We have successfully assisted many dozens of clients in the manufacturing sector with zoning and construction issues, and helped them obtain various permits and licenses.
  • Competition and Antitrust. The manufacturing industry is not immune to the attention of competition authorities, and their investigations and charges are addressed by our Antitrust team, which prides itself on its ability to prevent potential problems by instructing clients of possible dangers and teaching them both how to avoid investigations – and how to act during those that are unavoidable.
', 'post_title' => 'Manufacturing', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'manufacturing', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-30 11:29:51', 'post_modified_gmt' => '2023-01-30 08:29:51', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'http://www.motieka.lt/?post_type=industries-expertise&p=1311', 'menu_order' => 9, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 7 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 1313, 'post_author' => '17', 'post_date' => '2017-06-06 15:18:57', 'post_date_gmt' => '2017-06-06 12:18:57', 'post_content' => 'In order to thrive in the ever-changing pharma and biotechnologies sector, a company needs the assistance of an experienced life-sciences law firm. There are a lot of challenges in the pharma business, including an ever-increasing regulatory framework, the potential for liability, intense competition, the burgeoning cost of developing new products, complicated intellectual-property issues, and difficult disputes in the project-implementation phase. We can support and guide you through the regulatory maze at every stage of your business, including by helping you:
  • establish a company
  • understand the applicable regulatory regime
  • protect intellectual property
  • develop and sell your products
  • negotiate with clients
  • avoid or resolve legal disputes
  • petition or appear before State regulatory bodies
  • engage in litigation and arbitration
  • negotiate product-liability and tort issues.
', 'post_title' => 'Pharma and Biotechnology', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'pharma-and-biotechnology', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-24 16:43:45', 'post_modified_gmt' => '2023-01-24 13:43:45', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'http://www.motieka.lt/?post_type=industries-expertise&p=1313', 'menu_order' => 10, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 8 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 1299, 'post_author' => '17', 'post_date' => '2017-06-06 15:03:22', 'post_date_gmt' => '2017-06-06 12:03:22', 'post_content' => 'The real estate market is expanding rapidly and the requirements for participating in it are becoming more complicated with every passing year. Accordingly, real estate investors, developers, builders, and managers need a strong team of lawyers beside them who can offer strategic assistance. Our lawyers have both theoretical knowledge and many years of experience in the real estate sector, allowing them to provide the highest level of service to actors in it, both during the development of real estate projects and when disputes arise. Our strength is our knowledge of the real estate development industry and the close relationships we have developed with architects, surveyors, and state and municipal institutions who are able to provide specialized insight or information when it is required. Ultimately, our provision of personalized legal services involves special attention to the specific needs of our clients.

We are ready to help in all real estate development processes, including:

  • representing clients in negotiations with state and municipal institutions, business partners, public representatives, non-governmental organizations, and other parties
  • maintaining business relations with state and municipal institutions and helping to manage risks by coordinating and obtaining the necessary official decisions (such as permits, consents, etc.)
  • advising on the design of land holdings and structures
  • organizing and conducing publicity procedures for the prepared projects
  • performing thorough legal inspections and evaluations of real estate development projects
  • representing clients in negotiations of purchase and sale agreements
  • representing clients in state and municipal-institution working groups and commissions
  • representing clients in judicial disputes.
  Our team’s advantage is its ability to determine the risks involved in complex projects and manage them throughout all stages of project development. This helps us understand the essence of our clients’ problems and offer the best-possible solutions. As a result, our clients always have a clear action plan, realistic expectations, and – ultimately – the desired result.', 'post_title' => 'Real Estate', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'real-estate', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-24 16:52:28', 'post_modified_gmt' => '2023-01-24 13:52:28', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'http://www.motieka.lt/?post_type=industries-expertise&p=1299', 'menu_order' => 11, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 9 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 1316, 'post_author' => '17', 'post_date' => '2017-06-06 15:30:53', 'post_date_gmt' => '2017-06-06 12:30:53', 'post_content' => 'Telecommunications and IT businesses face complex challenges caused by intense competition and a rapidly changing market. Our team has extensive experience in this field and is ready to help you overcome these challenges. Our specialists’ interest in innovation, their extensive legal knowledge, and their many years of experience allow them to provide personalised advice relating to the requirements of the technology industry, including on matters such as consumer-data protection, relevant GDPR documentation, licencing, and more. In addition to acquisitions, IT agreements, and licensing, leading Lithuanian companies in the sector regularly ask us to assist them with highly complex and attention-demanding projects such as:
  • Performing detailed data-protection audits, preparing the necessary documentation to help protect personal data processed in information systems, and assisting with, among other things, data-protection incidents, data migration, audits, website operation, and the use of cookies.
  • Providing advice on data security, data-loss prevention, and data-security breaches involving, among other things, unlawful access to information systems or the leaking of personal data, and by representing clients before supervisory authorities once security incidents occur.
  • Keeping them informed of significant market developments and ensuring that they are aware of and comply with all applicable regulatory requirements.
', 'post_title' => 'Technology, Media & Telecommunications', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'technology-media-telecommunications', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-24 16:58:28', 'post_modified_gmt' => '2023-01-24 13:58:28', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'http://www.motieka.lt/?post_type=industries-expertise&p=1316', 'menu_order' => 50, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 10 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 14329, 'post_author' => '17', 'post_date' => '2022-01-10 12:21:20', 'post_date_gmt' => '2022-01-10 09:21:20', 'post_content' => 'Selling is a crucial element of business. Our experts are ready to help clients in the trade and distribution sector to limit their risks, so that they can safeguard their supplier-distributor (B2B) and business-consumer (B2C) relations at both national and international levels. We advise clients on all aspects of routes to market from traditional trade-and-distribution matters to innovative online-distribution projects (i.e., marketplaces and e-commerce business). We have significant trading-and-distribution experience across a wide range of sectors, with particularly broad expertise in automotive, agricultural, consumer-goods, logistics, and IT matters. Our advice also includes assistance with distribution antitrust-law matters and corresponding compliance projects and with the structuring of franchise systems. We follow new consumption patterns, trends, technological developments, and changes in the applicable regulatory environment to help our clients stay fully informed. We also help clients set up e-commerce businesses and assist with related aspects such as IT, data protection, general terms and conditions, and compliance with regulatory requirements (including VAT/sales tax issues, customs duties, MOSS, IOSS, and more).

We can help you with:

  • Trade and distribution disputes
  • E-commerce-related legal services
  • Commercial-agency agreements
  • Distribution and franchising agreements
  • Subcontracting and outsourcing agreements
  • The purchase and licensing of intellectual property
  • Sales and procurement agreements
  • Trade regulations
  • Consumer protection
  • Product liability
', 'post_title' => 'Trade and Distribution', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'trade-and-distribution', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-24 17:01:05', 'post_modified_gmt' => '2023-01-24 14:01:05', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'https://motieka.stillnot.live/?post_type=industries-expertise&p=14329', 'menu_order' => 13, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), 11 => array ( 'industry' => WP_Post::__set_state(array( 'ID' => 14331, 'post_author' => '17', 'post_date' => '2022-01-10 12:21:54', 'post_date_gmt' => '2022-01-10 09:21:54', 'post_content' => 'The transportation sector is unique – and challenging. Our team knows how to navigate all of the many issues related to transportation – whether by air, water, land or rail – to find the quickest and easiest solutions for our clients. We have extensive experience in advising carriers, forwarders, and transport owners. No matter what services you provide in the sector, we will help you optimize your business by offering prompt and practical legal solutions to your problems.

We are experienced in many of the issues that arise most commonly in the field of transport law:

  • Disputes related to the Agreement on International Goods Transport by Rail (SMGS) or Convention on the Contract for the International Carriage of Goods by Road (CMR) can be confusing until you understand the legal system and practical implications of these conventions. We understand common international practices in the field and are able to explain the intentions of the parties to the courts.
  • Resolving disputes among and between airports, air carriers, road transport carriers, and car dealers involving violations of competition law requires an understanding not only of the relevant law, but also of the economic and accounting nuances of these areas. Losses and sanctions can be very painful in a low-profit business.
  • Disputes over damage to aircraft, the transportation and delivery of oil products, non-payment for transportation, or cargo downtime – we know what to do before going to court and how to litigate these matters when out-of-court settlements are impossible. Sometimes a properly worded request regarding a seal can change the whole course of a case.
  • We have many years of experience providing legal advice on acquisitions, expansions, and reorganizations in the corporate sector, so we are ready for all scenarios during both the negotiation process and when communicating with licensing regulators. The fact that we have lawyers on our team who worked in-house in the transport sector for many years means that we can always find the best solution for our clients.
', 'post_title' => 'Transport', 'post_excerpt' => '', 'post_status' => 'publish', 'comment_status' => 'closed', 'ping_status' => 'closed', 'post_password' => '', 'post_name' => 'transport', 'to_ping' => '', 'pinged' => '', 'post_modified' => '2023-01-26 10:55:16', 'post_modified_gmt' => '2023-01-26 07:55:16', 'post_content_filtered' => '', 'post_parent' => 0, 'guid' => 'https://motieka.stillnot.live/?post_type=industries-expertise&p=14331', 'menu_order' => 12, 'post_type' => 'industries-expertise', 'post_mime_type' => '', 'comment_count' => '0', 'filter' => 'raw', )), ), )

Why us?

Experience highlights

Insights

Increasing the maturity of the financial-services sector is the primary strategic goal of the Bank of Lithuania. For this reason, ensuring that fintech companies and other financial institutions comply with all legal requirements during the licensing process and subsequent operations is critical.

  • Entities wishing to provide financial services in Lithuania must first obtain an activity license from the Bank of Lithuania. We are familiar with the licensing process and advise payment and electronic-money institutions, crowdfunding platform operators, and other financial institutions seeking licenses to operate. We help our clients register on the lists of consumer credit providers and their intermediaries that are maintained by the Bank of Lithuania.
  • We help clients that are licensed to provide financial services in Lithuania expand their operations internationally and conduct all processes necessary to commence operations in other EU Member States.
  • In some cases we can help clients make slight adjustments to their business models, thus putting them outside the scope of financial services regulation. We provide practical advice to clients developing service-delivery processes.
  • The activities of the financial sector are regulated by the Republic of Lithuania, as well as the EU. Knowing all the relevant acts and keeping track of all relevant changes is a major challenge; and one that requires significant resources and time. We help our clients understand the constantly changing legal regime and assist in the implementation of changes as they become necessary, as well as providing advice on compliance issues.
  • The prevention of money laundering and terrorist financing is a critical part of financial-institution activities. How to comply with sanctions and other restrictive measures, and how to properly perform know-your-client procedures – we answer these and other questions from a practical perspective.
  • Supervisory authorities regularly conduct both routine and unplanned inspections of financial institutions, which can sometimes result in extremely painful sanctions both to reputation and finances. We help clients answer the questions asked during these inspections, forming their official position, as well as working efficiently to correct any defects identified during inspections.
Samanta Blėdienė

Conducted AML compliance review for consumer credit provider

20 November 2023
Sigita Zavišienė, Samanta Blėdienė

Consulted the management company on international sanctions implementation and AML compliance matters

27 October 2023
Sigita Zavišienė, Samanta Blėdienė

Consulted the licensed management company on AML compliance matters

23 August 2023
Samanta Blėdienė

Consulted the financial brokerage firm on AML compliance matters

18 August 2023
Raminta Stravinskaitė

Consulted Probanx Solutions on complex IT issues

29 June 2023
Rokas Jankus, Darius Amšiejus

Represented the Netherlands-based investment group on the sale of shares of an e-money institution

8 June 2023
Raminta Stravinskaitė

Advised Eika Asset Management on GDPR compliance

31 May 2023
Justinas Jarusevičius

Successfully represented clients in a dispute over shares of a fintech company

3 February 2023
Justinas Jarusevičius

Successfully represented fintech company in 2 million EUR damage litigation

27 January 2023
Sigita Zavišienė, Samanta Blėdienė

Conducted the external AML audit for e-money institution Elektroninių Pinigų Bitė

27 January 2023
Raminta Stravinskaitė

Helped Orion Leasing with data protection issues

15 December 2022
Raminta Stravinskaitė

Represented the client before the State Labour Disputes Commission

11 October 2022
Denis Parchajev

Latvian Bank’s victory in 5 LCIA arbitrations worth 70 million EUR

26 May 2022
Sigita Zavišienė

Represented the client on acquisition clearance of the Lithuanian commercial bank in the European Central Bank

31 March 2022
Giedrius Kolesnikovas, Laurynas Ramonas

Marius Jakulis Jason controlled AAA Capital has received merger clearance to acquire Medicinos bankas

23 March 2022
Justinas Jarusevičius, Paulius Grendelis

Successfully represented largest cryptocurrency broker in Israel

1 July 2021
Sigita Zavišienė, Evelina Tumakova-Kuzmič

“Elektroninių pinigų bitė” obtained an electronic money institution license

11 June 2021
Sigita Zavišienė

Assisted FINBEE to sign an agreement with INVEGA

16 April 2020
Sigita Zavišienė

Advised Nandi Finance on obtaining an EMI licence

20 March 2020
Sigita Zavišienė

8th brokerage firm license in Lithuania

1 October 2019
Sigita Zavišienė

Lithuanian fintech market review

25 January 2024
Read more
Sigita Zavišienė

Cryptocurrency regulation in Lithuania and Estonia prior to MiCA: key differences

20 October 2023
Read more
Sigita Zavišienė

Important changes in legislation and first homework for Fintech companies in 2021

4 February 2021
Read more
Sigita Zavišienė

2020 Review: Fintech sector has almost doubled

14 December 2020
Read more
Sigita Zavišienė

Need to know for EMIs/PIs: as of 2021 more activity reports to be submitted to the Bank of Lithuania

15 September 2020
Read more
Sigita Zavišienė

Risk Management in an Organisation: Evolution of the Three Lines of Defence Model

8 September 2020
Read more
Sigita Zavišienė

TOP 3 things you need to know about Newcomer meeting with the Bank of Lithuania

20 July 2020
Read more
Sigita Zavišienė

What are the options for UK fintech to act in Europe after Brexit?

15 May 2020
Read more
Sigita Zavišienė

Reporting calendar for payment and electronic institutions

21 February 2020
Read more
Sigita Zavišienė

Requirements for disclosure of pre-contractual information

14 January 2020
Read more
Sigita Zavišienė

National security screening process

4 November 2019
Read more
Sigita Zavišienė

Brexit: licensing financial services remains important

11 October 2019
Read more
Sigita Zavišienė

Impact of FinTech on PIs and EMIs business models

24 September 2019
Read more
Sigita Zavišienė

Strong customer authentication under PSD2

22 July 2019
Read more
Sigita Zavišienė

EBA’s opinion on the nature of passport notifications

25 April 2019
Read more
Sigita Zavišienė

Brief introduction of the specialised bank regime

17 August 2018
Read more
Sigita Zavišienė

Things to know about getting a Fintech License in Lithuania

23 July 2018
Read more
Sigita Zavišienė

Lithuania expands its leadership in Fintech: the ICO guidelines issued

11 June 2018
Read more
Sigita Zavišienė

Will it be easier for Fintech companies to open bank accounts?

3 May 2018
Read more
Sigita Zavišienė

Lithuanian Parliament adopted the laws transposing the PSD2

18 April 2018
Read more

Why us?

Increasing the maturity of the financial-services sector is the primary strategic goal of the Bank of Lithuania. For this reason, ensuring that fintech companies and other financial institutions comply with all legal requirements during the licensing process and subsequent operations is critical.

  • Entities wishing to provide financial services in Lithuania must first obtain an activity license from the Bank of Lithuania. We are familiar with the licensing process and advise payment and electronic-money institutions, crowdfunding platform operators, and other financial institutions seeking licenses to operate. We help our clients register on the lists of consumer credit providers and their intermediaries that are maintained by the Bank of Lithuania.
  • We help clients that are licensed to provide financial services in Lithuania expand their operations internationally and conduct all processes necessary to commence operations in other EU Member States.
  • In some cases we can help clients make slight adjustments to their business models, thus putting them outside the scope of financial services regulation. We provide practical advice to clients developing service-delivery processes.
  • The activities of the financial sector are regulated by the Republic of Lithuania, as well as the EU. Knowing all the relevant acts and keeping track of all relevant changes is a major challenge; and one that requires significant resources and time. We help our clients understand the constantly changing legal regime and assist in the implementation of changes as they become necessary, as well as providing advice on compliance issues.
  • The prevention of money laundering and terrorist financing is a critical part of financial-institution activities. How to comply with sanctions and other restrictive measures, and how to properly perform know-your-client procedures – we answer these and other questions from a practical perspective.
  • Supervisory authorities regularly conduct both routine and unplanned inspections of financial institutions, which can sometimes result in extremely painful sanctions both to reputation and finances. We help clients answer the questions asked during these inspections, forming their official position, as well as working efficiently to correct any defects identified during inspections.

Experience highlights

Samanta Blėdienė

Conducted AML compliance review for consumer credit provider

20 November 2023
Sigita Zavišienė, Samanta Blėdienė

Consulted the management company on international sanctions implementation and AML compliance matters

27 October 2023
Sigita Zavišienė, Samanta Blėdienė

Consulted the licensed management company on AML compliance matters

23 August 2023
Samanta Blėdienė

Consulted the financial brokerage firm on AML compliance matters

18 August 2023
Raminta Stravinskaitė

Consulted Probanx Solutions on complex IT issues

29 June 2023
Rokas Jankus, Darius Amšiejus

Represented the Netherlands-based investment group on the sale of shares of an e-money institution

8 June 2023
Raminta Stravinskaitė

Advised Eika Asset Management on GDPR compliance

31 May 2023
Justinas Jarusevičius

Successfully represented clients in a dispute over shares of a fintech company

3 February 2023
Justinas Jarusevičius

Successfully represented fintech company in 2 million EUR damage litigation

27 January 2023
Sigita Zavišienė, Samanta Blėdienė

Conducted the external AML audit for e-money institution Elektroninių Pinigų Bitė

27 January 2023
Raminta Stravinskaitė

Helped Orion Leasing with data protection issues

15 December 2022
Raminta Stravinskaitė

Represented the client before the State Labour Disputes Commission

11 October 2022
Denis Parchajev

Latvian Bank’s victory in 5 LCIA arbitrations worth 70 million EUR

26 May 2022
Sigita Zavišienė

Represented the client on acquisition clearance of the Lithuanian commercial bank in the European Central Bank

31 March 2022
Giedrius Kolesnikovas, Laurynas Ramonas

Marius Jakulis Jason controlled AAA Capital has received merger clearance to acquire Medicinos bankas

23 March 2022
Justinas Jarusevičius, Paulius Grendelis

Successfully represented largest cryptocurrency broker in Israel

1 July 2021
Sigita Zavišienė, Evelina Tumakova-Kuzmič

“Elektroninių pinigų bitė” obtained an electronic money institution license

11 June 2021
Sigita Zavišienė

Assisted FINBEE to sign an agreement with INVEGA

16 April 2020
Sigita Zavišienė

Advised Nandi Finance on obtaining an EMI licence

20 March 2020
Sigita Zavišienė

8th brokerage firm license in Lithuania

1 October 2019

Insights

Sigita Zavišienė

Lithuanian fintech market review

25 January 2024
Read more
Sigita Zavišienė

Cryptocurrency regulation in Lithuania and Estonia prior to MiCA: key differences

20 October 2023
Read more
Sigita Zavišienė

Important changes in legislation and first homework for Fintech companies in 2021

4 February 2021
Read more
Sigita Zavišienė

2020 Review: Fintech sector has almost doubled

14 December 2020
Read more
Sigita Zavišienė

Need to know for EMIs/PIs: as of 2021 more activity reports to be submitted to the Bank of Lithuania

15 September 2020
Read more
Sigita Zavišienė

Risk Management in an Organisation: Evolution of the Three Lines of Defence Model

8 September 2020
Read more
Sigita Zavišienė

TOP 3 things you need to know about Newcomer meeting with the Bank of Lithuania

20 July 2020
Read more
Sigita Zavišienė

What are the options for UK fintech to act in Europe after Brexit?

15 May 2020
Read more
Sigita Zavišienė

Reporting calendar for payment and electronic institutions

21 February 2020
Read more
Sigita Zavišienė

Requirements for disclosure of pre-contractual information

14 January 2020
Read more
Sigita Zavišienė

National security screening process

4 November 2019
Read more
Sigita Zavišienė

Brexit: licensing financial services remains important

11 October 2019
Read more
Sigita Zavišienė

Impact of FinTech on PIs and EMIs business models

24 September 2019
Read more
Sigita Zavišienė

Strong customer authentication under PSD2

22 July 2019
Read more
Sigita Zavišienė

EBA’s opinion on the nature of passport notifications

25 April 2019
Read more
Sigita Zavišienė

Brief introduction of the specialised bank regime

17 August 2018
Read more
Sigita Zavišienė

Things to know about getting a Fintech License in Lithuania

23 July 2018
Read more
Sigita Zavišienė

Lithuania expands its leadership in Fintech: the ICO guidelines issued

11 June 2018
Read more
Sigita Zavišienė

Will it be easier for Fintech companies to open bank accounts?

3 May 2018
Read more
Sigita Zavišienė

Lithuanian Parliament adopted the laws transposing the PSD2

18 April 2018
Read more

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