News

Donatas Šliora, a managing partner at ADON legal has been selected as a member of the European Banking Authority expert group on crypto assets service providers (CASP) and anti-money laundering and countering the financing of terrorism (TEG-CASPs/AML).

At ADON legal, we are always looking for opportunities to expand our knowledge and expertise in various areas of law. Recently, we had the pleasure of hosting a training session on the subject of factoring and the different models available for businesses. The session was led by Mr. Mario Kan, a senior advisor at the European Bank for Reconstruction and Development (EBRD) with extensive experience in finance and diplomacy.

The Buzz in Lithuania: Interview with Donatas Sliora of Adon Legal. “Given the geopolitical context and measures implemented in Lithuania and on the EU level, the major topic in the country is adhering to the sanctions regime,” Sliora explains. “This is especially crucial to financial institutions, as there is a need to ensure that the new regime is being implemented, together with the additional limitations from the national regulator.” For example, he explains, “financial institutions have certain additional limitations on transferring money to Russian and Belarusian residents. In that context, one of the biggest obstacles for financial institutions includes reviewing existing client databases and applying new standards and rules to them.”

Dr. Evelina Agota Vitkutė, Attorney-at-Law, regulatory expert joins law firm ADON legal! Evelina has 14 years of experience in the legal field. During her career, Evelina acted as a Regulatory Compliance Manager at Revolut and Compliance Officer at Swedbank, AB, before that she worked as an Attorney-at-Law in PwC Legal and TGS Baltic law firms.

Marius Matiukas, lawyer, finance and company law expert as well as lecturer becomes a partner of law firm ADON Legal.

Donatas Šliora, CAMS of ADON legal was appointed as a member of the Committee for Prevention of Money Laundering and Terrorist Financing of the Lithuanian Bar Association.

In the latest rankings, Chambers & Partners recognized ADON legal team and its managing partner Donatas Šliora among the leaders in FinTech Legal in Lithuania.

On 5 October 2020 the European Parliament approved new rules that will enable crowdfunding platforms to easily provide services across the single market. Crowdfunding platforms operating across EU countries will have to comply with a single set of rules – 2018/0048(COD) (Regulation).

The latest position of the Bank of Lithuania deals with a topical issue – difficulties for e-money and payment institutions to open accounts in banks. The problem that the Bank of Lithuania seeks to tackle is not unique to Lithuania; nonetheless, an active stance from local supervisory authorities is not common amongst EU member states.

ADON legal‘s partner Donatas Šliora shared insights with more than 450 insurance brokers on how to choose an adequate D&O Liability Insurance in a live webinar organized by Baltic Underwriting Agency, AB (BUNDA) and Chamber of Insurance Brokers.

Legal 500, an independent and widely used legal directory has ranked ADON legal among the leading law firms in FINTECH area in Lithuania. Legal 500 notes that the law firm’s legal practice is “unique in the market”, and that the law firm handles the licensing of financial institutions, regulatory advice and the introduction of new financial products and services.

The European Parliament has reached a political agreement with the Council of the European Union and the Commission of the European Union regarding the set of legislation relating to crowdfunding activities. Such legislation includes the proposed Regulation (EU) 2018/0048(COD) on European crowdfunding service providers for business and the relevant amendments to MiFID II.

European Banking Authority has published guidelines on ICT and security risk management (the Guidelines) addressed to financial institutions – credit institutions, payment service providers, and investment firms.

We are delighted to introduce our new team members Miroslava Kryštul and Simas Staniulis.

The regulatory sanctions imposed on MisterTango once
again demonstrate the importance of creating a healthy compliance culture in
the company. Each obliged entity must continuously review, improve and, most
importantly, implement the internal rules and procedures to meet the regulatory
standard.

Experts of ADON legal continue to strengthen their competence in financial services compliance. Donatas Šliora became a Certified Anti-Money Laundering Specialist. The training received from the Association of Certified Anti-Money Laundering Specialists (ACAMS) will allow to better assist clients in reinforcing their internal controls and enhancing ability to meet the regulatory expectations. It also gives a better understanding of a variety of challenges faced by AML officers in financial institutions.

The guide to the world’s leading financial and corporate law firms IFLR1000 has recognized ADON legal as a notable Lithuanian law firm in the financial and corporate category for 2019.

Donatas Šliora shared his insights with PaymentsCompliance on the fine imposed by Lithuanian State Data Protection Inspectorate on MisterTango, and the message it sends to the payment service providers operating in Lithuania.

Donatas Šliora, the Founding Partner of ADON legal, co-authored a Lithuanian chapter for the “Legal Environment Report for Belt and Road Countries”.

Donatas Šliora of ADON legal shares his insights with PaymentsCompliance on the recent developments in the regulatory framework for payment service providers in Lithuania, as well as the latest developments in AML field (including the report of MONEYVAL and the position of European Commission regarding Lithuania’s efforts to transpose 4AMLD).