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  • Stricter regulation of the cryptocurrency sector is under consideration in Lithuania

    Publication / Augustas Klezys, Akvilė Jurkaitytė

    The Ministry of Finance, together with the Bank of Lithuania, the Financial Crime Investigation Service and the Centre of Excellence in Anti-Money Laundering, has drafted amendments to the Law on Prevention of Money Laundering and Terrorist Financing (AML). The amendments were presented during a meeting of the Committee on Budget and Finance of the Parliament […]

  • More opportunities for crowdfunding in Europe

    Publication / Augustas Klezys, Laura Matukaitytė

    On 5 October, the European Parliament adopted a Regulation on European Crowdfunding Service Providers for Business. The regulation entered into force on 20 October 2020 opening much wider opportunities for crowdfunding service providers, investors, and project owners looking for alternative sources of financing, as well as for Lithuania. Easier access to new markets for crowdfunding […]

  • COVID-19 related state support to businesses: financial measures in Lithuania

    Publication / Kamilė Kukaitytė, Augustas Klezys

    In Lithuania, state funds are being channelled to support businesses through the Lithuanian state company INVEGA, which has announced a list of measures in three main areas. Guarantees Portfolio guarantees for loans 2 (PGP2) and leasing 2, and export credit Available to small, medium-sized and large enterprises, if one of the following conditions is met: […]

  • State support measures for businesses affected by COVID-19 in Lithuania

    Publication / Augustas Klezys, Lina Ragainytė-Mezenė

    INVEGA has announced a list of new or improved measures aimed at distributing state support to business. This package of measures will help companies address the liquidity and financial challenges posed by COVID-19. More than EUR 1.1 billion will be distributed through these measures. “Vacation” from business loans: Improved measure The improved measure will be […]

  • COVID-19: implications for financial institutions

    Publication / Augustas Klezys, Laura Matukaitytė, Liutauras Vasiliauskas

    The fast-spreading coronavirus (COVID-19) is raising many questions and concerns among financial institutions. Our international COVID-19 Task Force, including financial sector experts, is at your disposal, should you need advice in any legal issues you are facing. Below are some tips to help make decisions in a quickly changing situation. Material contracts and key business […]

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