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.
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.