-
More opportunities for crowdfunding in Europe
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: implications for financial institutions
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 […]
-
The World Bank Group – Doing Business 2020: Comparing Business Regulation in 190 Economies
Doing Business 2020 is the 17th in a series of annual studies investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 190 economies— from Afghanistan to Zimbabwe—and over time. Full report available here.
-
Lithuania: Guidelines on Securities Token Offerings to offer more clarity for blockchain-based businesses
On 17 October 2019, the Bank of Lithuania released Guidelines on Securities Token Offerings. The primary goal of the Guidelines is to provide clarity regarding the legislation on tokens that have features of securities. The Guidelines lay out the neutrality regulation policy exercised by the Bank of Lithuania in regard to technology, meaning that regardless […]
-
Specialised bank regulation in Lithuania
A new concept of the “specialised bank” was introduced into Lithuanian law on 1 January 2017. Although initially designated for implementing reform in the credit union sector, in practice this regulation serves as a basis for developing a more favourable regulatory environment for local and foreign non-banking financial companies seeking to extend the scale of […]