News

May 29, 2020
Guidelines for banks on opening accounts for e-money and payment institutions

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.

May 20, 2020
Experts of ADON legal share insights on D&O Liability Insurance with insurance brokers

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.

April 15, 2020
Ranked among leading firms in FINTECH by Legal500

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.

January 31, 2020
Bright Future for Crowdfunding in Europe

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.

December 2, 2019
EBA Guidelines on ICT and Security Risk Management

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.

November 18, 2019
ADON legal team grows stronger

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

October 29, 2019
Lessons to be learned from MisterTango case

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.

October 18, 2019
Donatas Šliora becomes a certified anti-money laundering specialist (CAMS)

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.

September 26, 2019
ADON legal recognized by IFLR1000 as a notable Lithuanian law firm in financial and corporate

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.