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, registration and listing of shares, bonds and other securities, IPOs and other issues related to public trading in securities. Where certain issues span multiple jurisdictions we offer the assistance of partners from the international ECOVIS network operating in over 60 countries worldwide.
ECOVIS ProventusLaw has prepared a special service package for foreign (non-EU) companies intending to provide payment, e-money, investment management and other similar services on the territory of the EU. This service package includes licensing of companies in Lithuania so that they could provide services throughout the EU and benefit from the advantages offered by the single market and the single payment area existing in the EU.
The clients of ECOVIS ProventusLaw appreciate the benefits offered by the expertise of the ECOVIS network coupled with strong knowledge of individual business sectors and acute understanding of the situation in Lithuania demonstrated by our lawyers. Our experts are often asked to clarify issues of the provision of financial services, as well as regulatory and licensing issues, by companies operating in the financial services, IT and telecommunications sectors, in which our lawyers have considerable experience and know-how.
We work with both recognised market leaders and with small innovative companies, which still have to make their way to success. Among others, we have represented Alternative Payments, a company registered in California, US, offering online payment solutions to clients throughout the globe, which used our services to establish its unit in Lithuania for conducting operations in Europe; one of the largest telecommunications companies, which was assisted by us in obtaining from the Bank of Lithuania a licence for conducting payment operations; as well as small Lithuanian and foreign start-ups licensed in Lithuania and providing services throughout the EU.
Partner, Attorney at Law