Financial services, licensing and compliance

ECOVIS ProventusLaw advises on issues of finance law and licensing of financial services, as well as payments, e-money, investment management and other similar issues. It is one of our key practice areas marked by significant achievements and tasks which do not stop at the borders of Lithuania or EU.

The lawyers of the law firm have incorporated various financial institutions from those operating on the Lithuanian market to financial institutions registered and licensed in Lithuania but operating on the financial markets of EU countries, they have also set up the first modern index investment fund registered in Lithuania IKKB NSEL 30 Indekso fondas and its management company UAB Investicijų portfelių valdymas and the first specialised investment fund in Lithuania ZPR Amerikos mažos kapitalizacijos bendrovių akcijų atviras investicinis fondas investing in US shares.
The lawyers of the law firm have also gained considerable experience in assessing legal risks pertaining to financial activities or financial operations, in representing clients in relations with the Bank of Lithuania, the Financial Crime Investigation Service and other surveillance authorities as well as in advising on e-payment issues. ECOVIS ProventusLaw assists in obtaining funding, advises on the issuance,

The experience by ECOVIS ProventusLaw include:

• Incorporation and registration of financial institutions
  The lawyers of ECOVIS ProventusLaw incorporate various payment institutions, e-money, investment management companies and other financial institutions intending to operate both in Lithuania and in the EU. Our lawyers have incorporated various financial institutions ranging from those operating on the Lithuanian market to financial institutions registered and licensed in Lithuania but operating on the financial markets of EU countries.
• Payments and e-money
  The lawyers of ECOVIS ProventusLaw assist companies operating both in Lithuania and in any other EU member states in obtaining licences for payment institutions and e-money operations. With the assistance of our partners from the international ECOVIS network we can incorporate a company and obtain a licence required by our client in virtually any country in which our client has business interests.
  We share: Licensing of payments and e-payment institutions in the EU
• Investment management and investment funds
  The lawyers of ECOVIS ProventusLaw draft incorporation documents and represent clients in the formation of various investment funds, investment companies, pension funds, other collective investment undertakings and their management companies. In the formation process, we focus in particular on establishing effective cooperation between an investment fund or a management company and the market regulator, i.e. the Bank of Lithuania.
• Securities and capital markets
  ECOVIS ProventusLaw advises on issues of issuance, registration and listing of shares, bonds, derivative instruments and other securities, IPOs and on other issues related to public trading in securities.
• Business finance and venture capital
  ECOVIS ProventusLaw represents its clients in drawing funding for operations of companies and for individual business projects. In addition to traditional loans from credit institutions, our clients use other business finance instruments such as issuance and public offering of securities as well as facilities offered by venture capital funds. The law firm has developed a special support programme for small companies (start-ups) operating in the sectors of online payments as well as IT and telecommunications.