Major victory – the CJEU to interpret PSD2 in our client’s case

The Supreme Administrative Court of Lithuania granted our client Alternative Payments request – the case has been suspended and referred to the Court of Justice of the European Union (CJEU) for a preliminary ruling.

Our dispute resolution lawyers successfully argued that the questions of EU law raised in the case are essential to its resolution, and the Court’s decision confirms that these issues are significant enough to merit examination at the CJEU level.

The CJEU was asked to clarify whether the service provided by our client qualifies as a direct debit, payment initiation, or payment processing service, and whether such activity requires a specific license under EU law.

Special attention will be given to the interpretation of PSD2 Directive (2015/2366/EU) provisions regarding the classification of payment services and the obligations of service providers.

The answers provided by the CJEU will have implications not only for this case but also for the broader regulation of the payment services sector across the European Union.