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New Risk Management Culture in Electronic Money and Payment Institutions: What You Need to Know
The Bank of Lithuania has prepared a Guidelines for Compliance with Risk Management Requirements for Electronic Money and Payment...

Gintarė Urbikaitė Juozapaitė
Jul 11, 20242 min read


Lessons from the Vinted GDPR Case: How to Ensure Effective Data Protection
"The GDPR craze is over" is the joke in business, but the fact that lawyers are educating the market less and less about the possible...

Austėja Dimaitytė
Jul 4, 20242 min read


Investment Account in Lithuania: New Tax Rules & Opportunities for Investors
We are excited to congratulate and share the joy with all current and future investors on the Personal income tax (GPM) law amendments...

Kotryna Grigentė
Jun 26, 20242 min read


What's new in Artificial Intelligence Regulation? European AI Act and Global impact
The long-standing legal and regulatory void in Europe and the world regarding the use and application of Artificial Intelligence (AI) has...

Austėja Dimaitytė
Mar 26, 20242 min read


Rethinking „BaltCap“ case – what lessons can be learned?
Non-compliance schemes have varied globally, as businesses (and not only financial institutions) are often the target of fraud, but they...

Agnė Daukšienė
Mar 4, 20247 min read


Fines for financial sector participants in 2023. Part II
As we wrote in Part 1 , stability is a critical factor for every financial market participant, and the Bank of Lithuania plays a key role in ensuring the credibility of these market participants. The role of the Bank of Lithuania as a supervisor is not only to stimulate economic growth, but also to ensure that financial sector participants adhere to high standards in terms of risk management, customer protection and the legislation that governs their activities, while ensurin

Agnė Daukšienė
Jan 21, 20245 min read


Fines for financial sector participants in 2023. Part I
Stability is a critical factor for any financial market participant, and the Bank of Lithuania plays a key role in ensuring the credibility of market participants. The role of the Bank of Lithuania as a supervisor is not only to promote economic growth, but also to ensure that financial sector participants adhere to high standards of risk management, customer protection and the legislation that governs their activities, while ensuring transparency, stability and fairness in t

Agnė Daukšienė
Jan 19, 20244 min read


The New European Artificial Intelligence Act: What do we need to know?
After a long debate, on 8 December 2023, the European Parliament and the Council reached a political agreement on the draft European...

Austėja Dimaitytė
Jan 11, 20244 min read


A Solution for Your Project Management Headache – External Partners
Being a leader or aspiring to become one in today's dynamic business environment can be a real challenge due to the myriad of...

Austėja Dimaitytė
Dec 19, 20233 min read


E-commerce from Scratch: 10 Legal Tips to Keep in Mind
Starting your own business in the field of e-commerce may seem very simple at first. However, legal issues are plentiful. What should you pay the most attention to?

Agnė Daukšienė
Dec 15, 20232 min read


The Future of Work: Part-Time Executives
Faced with a talent shortage, companies are looking for possible solutions. One of them – freelance executives who help bridge the gap in top-level talent.

Agnė Daukšienė
Dec 15, 20232 min read
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