On 7 September, SORAINEN Lithuania associate Artûras Asakavièius will be representing Lithuania at a European Commission Workshop on “Crowdfunding Opportunities and Best Practices in the EU”, where his role will be to inform the other participants about recent developments and likely trends.

The Directorate-General Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) strongly supports crowdfunding to improve SME access to alternative finance, in line with European Commission policy as laid out in the 2014 Communication on crowdfunding.

SORAINEN was the first law firm to undertake a detailed analysis of the current complex regulation of crowdfunding in the Baltic States in 2014. The SORAINEN team has also contributed to other studies, reviews and reports as well as collaborating with the Bank of Lithuania on preparing the very first draft Law on Crowdfunding.

Artûras Asakavièius is a member of the SORAINEN finance, insurance and banking practice groups and co-head of the SORAINEN Vilnius startup practice group. Artûras specializes in banking, financial services and regulation, capital market and venture capital transactions as well as insurance law matters. He is well known for crowdfunding, peer-to-peer lending, payment and e-money matters in Lithuania. He is also deeply involved in developing the fintech industry and regulation in Lithuania.

The workshop in Graz is a pan-European high visibility flagship event which for the first time brings together leading experts from all 28 EU Member States, plus selected further experts.

More information can be found here.