Our team

Donatas Šliora

Partner, Attorney-at-Law

Donatas Šliora is the Founding Partner of ADON legal. He works with major local and international clients advising on financing transactions, he also consults on regulatory matters pertaining to e-money, payment services, P2P lending and crowdfunding platforms, financial brokerage services etc.

Memberships

  • Lithuanian Bar Association
  • Association of Certified Anti-Money Laundering Specialists (ACAMS)

Career

  • Prior to founding ADON legal, Donatas Šliora was a member of the  banking & finance practice group at TGS Baltic, and before that he worked in Motieka & Audzevičius law firm

Publications

  • Legal Environment Report for the “Belt and Road Countries” – Lithuanian Chapter / Peking University Press, April 2019
  • Lithuania To Close AML and Bribery Loophole / MoneyLaundering.com, 20 December 2017
  • Shareholder’s Liability: a Slash on the Attractiveness of Lithuania’s Financial Sector / Verslo žinios, 19 July 2017
  • Study on the Law Applicable to Insurance Contracts / European Commission, 27 June 2017 / available online here
  • Lithuania Continues its Fight Against Corruption and Money Laundering / CEE Legal Matters, 27 September 2017
  • Step Towards Regulation of Bitcoins / Delfi žinios, 3 November 2015
  • Confidential Dispute Resolution / Lietuvos rytas, 26 April 2014

Comments in media

  • ‘Gross and Systemic’ Breaches See Lithuanian Payment firm’s Licence Revoked / Vixio Regulatory Intelligence, 20 February 2020
  • Revolut yet To Use Lithuanian Banking Licence / Vixio Regulatory Intelligence, 29 January 2020
  • Lithuania Fines E-Money Firm Over ‘Systemic’ AML Violations / PaymentsCompliance, 28 October 2019
  • Payment Initiators on Notice as Lithuania Acts on Data Overreach / PaymentsCompliance, 22 May 2019
  • Lithuania Ups Payments, E-Money Supervision After AML critique / PaymentsCompliance, 13 February 2019
  • New risk: if STI becomes interested, the bank may choose to close your bank accounts / Verslo žinios, 23 March 2018
  • Lithuania Disappoints Fintech Sector with a Virtual Currency Crackdown / PaymentsCompliance, 18 October 2017
  • Will we say goodbye to banks, money and bailiffs? / Delfi žinios, September 2017
  • Lithuanian State-Run Remitter Faces Money Laundering Probe / PaymentsCompliance, 24 August 2017
  • Baltic Banks Warm to Payments Overhaul / PaymentsCompliance, 8 August 2017
  • Seimas decision: will we need to provide paper copies of documents when buying online? / Delfi, 27 June 2017
  • Lithuania Teeters on Timely AMLD Transposition / PaymentsCompliance, 26 June 2017
  • New opportunities for borrowing and investment / Verslo žinios, 7 November 2016
  • PSD2: Lithuanian Payments Industry Jubilant as Reforms Begin to Bite / PaymentsCompliance, 7 March 2016

During his legal career Donatas Šliora has gained valuable experience in both transactional and regulatory matters.

Experience with regulatory matters

  • Representing Protean Risk Limited (a registered Lloyds broker) on adaptation of PSD Bond to Lithuanian law requirements and coordination thereof with the Bank of Lithuania;
  • Advising the European Investment Bank on structuring and implementation of financial engineering instruments in Lithuania;
  • Representing several payment and e-money institutions in licensing processes, consulting on regulatory requirements and introduction of new services to the market;
  • Advising the bankruptcy administrator of SNORAS bank and ŪKIO bank on various regulatory matters;
  • Advising UAB Medicinos bankas on regulatory requirements under CRR and CRD related to issuance of subordinated bonds;
  • Advising a crowdfunding platform on operations in Lithuania, preparing standard documentation required for its activities;
  • Advising a major Lithuanian transport company on implementation of a multinational project financed through EU financial instruments;
  • Advising a number of financial and non-financial institutions on implementation of anti-money laundering requirements, carrying out due diligence of implementation of the relevant requirements in financial institutions and assisting with elimination of deficiencies;
  • Advising consumer credit providers, as well as providers of credit secured by mortgage on various regulatory matters;
  • Advising companies on establishing cash-pooling arrangements, “payment factories”, and inter-company netting;
  • Advising one of the largest international market participants on issues related to virtual currencies, certain anti-money laundering and payment services related issues.

Transactional experience

  • Advised an pharmaceuticals company and its local subsidiary on change of existing financing structure; the value of the transaction exceeded USD 6 billion;
  • Represented two international companies respectively on a leveraged purchase and sale of two aircraft registered in Lithuania and leased to an air carrier operating in Lithuania;
  • Represented a Lithuanian bank on purchase of loan portfolio with a value of EUR 30 million;
  • Represented an international bank in restructuring the facilities in the amount of EUR 390 million extended to a group of companies engaged in the areas of industrial construction and supervision. Revised the finance documents, drafted and negotiated security documents;
  • Advised bankruptcy administrator of one of the bankrupt Lithuanian banks on sale of loan portfolio, collateral and transfer thereof, regulatory issues including the insurance of deposits and banking secrecy;
  • Represented a syndicate of Scandinavian banks in connection with restatement of a multi-currency revolving credit facilities agreement entered into with a group of companies with subsidiaries in Lithuania, whereby an aggregate amount of EUR 127 million was made available to the borrowers;
  • Advised one of the largest independent investment advisory firms on a EUR 23 million investment into a car leasing and leaseback service company;
  • Advised a renewable energy company on a loan facility in excess of EUR 90 million for development of a new wind park;
  • Advised a Scandinavian bank on refinancing of loan extended by an institutional bank to a stevedoring company in excess of EUR 41 million.