Financial Services and Compliance

Practice Areas

Industries

Why our team?

How can we help?

Experience highlights

Insights

Recognition

We are a result-driven Financial Services & Compliance team. We act as legal consultants for financial institutions and are considered one of the leading Fintech law firms in Lithuania, providing services to various Fintech companies: specialised banks, credit unions, electronic money and payment institutions, consumer credit providers, investment funds and other financial market players. We are also helping to start providing financial services to the new market entrants.

Highest quality

  • Specialised team. Our Financial Law and Compliance Group has 3 team members who specialise exclusively in the financial services sector and advise on matters related to compliance law.
  • Internationally recognised competencies. International Law Handbooks Chambers Europe and IFLR 1000 2020 have recognised us and our team members as leaders in Lithuania in matters relating to Fintech company law.
  • Exceptional specialised knowledge. Our specialists have gained knowledge of the Fintech industry in specialised study programmes at international universities, including Oxford, Queen Mary, the London School of Economics and Political Science, and ISM.

 

Solid experience

  • International Fintech experience. Our clients’ portfolios contain Fintech companies from Great Britain, Israel, Germany, the Netherlands, and Poland as well as Lithuanian Fintech start-ups operating in the international market.
  • Experience in representing clients in disputes with the Bank of Lithuania. We effectively represent financial institutions during inspections carried out by the Bank of Lithuania, and when a dispute is referred to court, we defend our client’s interests there. We have successful experience in this area, both in negotiations and in litigation.
  • Trusted by known market names. Out of all recognised Fintech law firms in Lithuania and Baltic Region, we are entrusted with financial law and compliance matters by such well-known names as Fjord Bank, Orion Securities, Finansų Bitė, UAB, Finansų Bitė Verslui, Žabolis ir Partneriai capital management, Newsec Advisers LT, etc.

 

Contribution to the FinTech business environment

  • Working together with local authorities to build a more attractive legal environment for the sector. We take an active role in the public debate with authorities and institutions, putting forward suggestions informed by our practical experience that are aimed at improving the legal environment for Fintech.
  • Instrumental in shaping the market understanding of FinTech. We take an active role in many of sector’s most important associations. As part of the Infobalt’s association Fintech Lithuania group, we have initiated the establishment of a resolution group on issues relating to anti-money laundering and counter-terrorist financing, and we are responsible for the implementation of this initiative.
  • We contribute to the training of Fintech specialists. We are also dedicated to fostering a greater understanding of the legislative backdrop of the Fintech field and educating our future partners and colleagues who might work with Fintech law firms in Lithuania. This is why we have been presenting the Fintech sector to Master’s degree Financial Engineering students at VilniusTech University for the past few years, and we also actively share our professional insights at Fintech sector events.

We foster a sincere and friendly relationship with our clients and accompany them in all business cycles: from obtaining the appropriate license, compliance advice to assistance in resolving disputes with supervisors or users of financial services. We advise Lithuanian financial institutions, intermediaries, credit institutions, investment companies, fund and asset managers on all issues related to financial law.

Therefore, our services in this area include:

  • establishment of financial institutions;
  • assistance in obtaining operating licenses (payment institutions, electronic money, financial broker);
  • drafting of operating agreements for financial institutions;
  • development of internal policies and procedures for the provision of financial services,
  • ensuring compliance on matters relating to anti-money laundering;
  • legal performance audit;
  • advice on regulatory matters,
  • representation of the client’s interests before supervisory authorities;
  • preparation for the inspection by the Bank of Lithuania, representation during the inspection.

We delve into every situation and client’s needs and hear their expectations. We are flexible and strive to deliver the best result providing the highest quality within the shortest time framework.

 

You can benefit from our contacts and reliable business partners

  • As an active member of the Fintech community, we maintain close relationships with the kinds of institutions that are relevant to your business, including Invest Lithuania, the local start-up community and its hubs, industry associations, and the top universities that provide graduates to your field. So, with us you will be benefit from receiving instant access to a network that will help your business grow faster.
  • The Fintech business is multi-layered, so you will definitely have different needs. If you’re researching Fintech law firms in Lithuania, we would like to say – we have a reliable network of partners who have significant experience with Fintech, so we can guarantee the quality of their services too.
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
Sigita Zavišienė

Lithuania is getting ready for implementation of the PSD2

20 December 2017
Read more
Sigita Zavišienė

The ESMA issued statements on initial coin offerings

13 November 2017
Read more

Fintech Legal

2021

We sampled a few other law firms for this work and with the rest of them, we had the feeling that there was a big distance between who met us and who would actually do the work. That was the main reason we felt Motieka & Audzevicius would be useful and the best choice.

Fintech Legal

2021

Probably a fairly unique feature of their firm is that the team is familiar with both Lithuanian and EU law.

Why our team?

We are a result-driven Financial Services & Compliance team. We act as legal consultants for financial institutions and are considered one of the leading Fintech law firms in Lithuania, providing services to various Fintech companies: specialised banks, credit unions, electronic money and payment institutions, consumer credit providers, investment funds and other financial market players. We are also helping to start providing financial services to the new market entrants.

Highest quality

  • Specialised team. Our Financial Law and Compliance Group has 3 team members who specialise exclusively in the financial services sector and advise on matters related to compliance law.
  • Internationally recognised competencies. International Law Handbooks Chambers Europe and IFLR 1000 2020 have recognised us and our team members as leaders in Lithuania in matters relating to Fintech company law.
  • Exceptional specialised knowledge. Our specialists have gained knowledge of the Fintech industry in specialised study programmes at international universities, including Oxford, Queen Mary, the London School of Economics and Political Science, and ISM.

 

Solid experience

  • International Fintech experience. Our clients’ portfolios contain Fintech companies from Great Britain, Israel, Germany, the Netherlands, and Poland as well as Lithuanian Fintech start-ups operating in the international market.
  • Experience in representing clients in disputes with the Bank of Lithuania. We effectively represent financial institutions during inspections carried out by the Bank of Lithuania, and when a dispute is referred to court, we defend our client’s interests there. We have successful experience in this area, both in negotiations and in litigation.
  • Trusted by known market names. Out of all recognised Fintech law firms in Lithuania and Baltic Region, we are entrusted with financial law and compliance matters by such well-known names as Fjord Bank, Orion Securities, Finansų Bitė, UAB, Finansų Bitė Verslui, Žabolis ir Partneriai capital management, Newsec Advisers LT, etc.

 

Contribution to the FinTech business environment

  • Working together with local authorities to build a more attractive legal environment for the sector. We take an active role in the public debate with authorities and institutions, putting forward suggestions informed by our practical experience that are aimed at improving the legal environment for Fintech.
  • Instrumental in shaping the market understanding of FinTech. We take an active role in many of sector’s most important associations. As part of the Infobalt’s association Fintech Lithuania group, we have initiated the establishment of a resolution group on issues relating to anti-money laundering and counter-terrorist financing, and we are responsible for the implementation of this initiative.
  • We contribute to the training of Fintech specialists. We are also dedicated to fostering a greater understanding of the legislative backdrop of the Fintech field and educating our future partners and colleagues who might work with Fintech law firms in Lithuania. This is why we have been presenting the Fintech sector to Master’s degree Financial Engineering students at VilniusTech University for the past few years, and we also actively share our professional insights at Fintech sector events.

How can we help?

We foster a sincere and friendly relationship with our clients and accompany them in all business cycles: from obtaining the appropriate license, compliance advice to assistance in resolving disputes with supervisors or users of financial services. We advise Lithuanian financial institutions, intermediaries, credit institutions, investment companies, fund and asset managers on all issues related to financial law.

Therefore, our services in this area include:

  • establishment of financial institutions;
  • assistance in obtaining operating licenses (payment institutions, electronic money, financial broker);
  • drafting of operating agreements for financial institutions;
  • development of internal policies and procedures for the provision of financial services,
  • ensuring compliance on matters relating to anti-money laundering;
  • legal performance audit;
  • advice on regulatory matters,
  • representation of the client’s interests before supervisory authorities;
  • preparation for the inspection by the Bank of Lithuania, representation during the inspection.

We delve into every situation and client’s needs and hear their expectations. We are flexible and strive to deliver the best result providing the highest quality within the shortest time framework.

 

You can benefit from our contacts and reliable business partners

  • As an active member of the Fintech community, we maintain close relationships with the kinds of institutions that are relevant to your business, including Invest Lithuania, the local start-up community and its hubs, industry associations, and the top universities that provide graduates to your field. So, with us you will be benefit from receiving instant access to a network that will help your business grow faster.
  • The Fintech business is multi-layered, so you will definitely have different needs. If you’re researching Fintech law firms in Lithuania, we would like to say – we have a reliable network of partners who have significant experience with Fintech, so we can guarantee the quality of their services too.

Experience highlights

Insights

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
Sigita Zavišienė

Lithuania is getting ready for implementation of the PSD2

20 December 2017
Read more
Sigita Zavišienė

The ESMA issued statements on initial coin offerings

13 November 2017
Read more

Recognition

Fintech Legal

2021

We sampled a few other law firms for this work and with the rest of them, we had the feeling that there was a big distance between who met us and who would actually do the work. That was the main reason we felt Motieka & Audzevicius would be useful and the best choice.

Fintech Legal

2021

Probably a fairly unique feature of their firm is that the team is familiar with both Lithuanian and EU law.

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