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Sigita Zavišienė

Associate Partner

Services

Licensing

Compliance and risk management

AML/CTF & sanctions compliance

Issuance of financial instruments

Get things done.

Projects I am proud of:

  • Advising on the licensing of payment service providers (payment institutions and electronic money institutions), crowdfunding platform operators, crypto-asset service providers, and financial brokerage firms.

  • Assisting with obtaining operating licences for management companies and investment funds.

  • Advising financial institutions on compliance matters related to payment services, consumer credit, investment services, governance, and organisational structure.

  • Representing clients in scheduled and ad hoc inspections carried out by the Bank of Lithuania.

  • Establishment of a management company and two venture capital funds (70 Ventures, UAB) to boost business financing with EU fund resources, obtaining permits from the Bank of Lithuania, and negotiating terms with UAB ILTE.

Areas of Expertise:

  • Secured a non-life insurance company licence - the first new licence to conduct non-life insurance business in the Lithuanian market after a 14-year break.

  • Advised a client on successfully obtaining a crypto-asset service provider licence from the Bank of Lithuania.

  • Successfully represented a payment service provider before the Bank of Lithuania in licence revocation proceedings, securing retention of the client’s licence.

  • Obtained a European Central Bank (ECB) non-objection decision regarding a bank’s proposed shareholders and management candidates.

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