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Private capital enters the defence sector
Following the discussion on defence M&A at this year’s Baltic M&A and Private Equity Forum, the topic of private capital entering the sector continues to gain relevance. Wolff van Sintern, partner and co-founder of ETNA and a panellist at the forum, shares his perspective in an interview with Dienas Bizness on the role of private […]
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Businesses concluding online consumer contracts will need to introduce a “withdrawal function”
What the new rules require Businesses concluding consumer contracts through a website or mobile application will be required to provide consumers with a dedicated “withdrawal function”. The purpose of this requirement is to ensure that consumers can exercise their right of withdrawal in a simple and user-friendly manner and for withdrawing from a contract to […]
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Fibonatix receives a payment institution licence from Latvijas Banka
We advised Fibonatix on obtaining a payment institution licence from Latvijas Banka. SIA Fibonatix (LV) is a company within the Fibonatix brand, which includes the UK-regulated entity Fibonatix (UK) Limited and entities in Germany and Poland, all founded by Israeli founder Tal Miller. Fibonatix’s business involves providing payment solutions for merchants (e-commerce entities and beyond). […]
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Implementation of the EU Pay Transparency Directive in Lithuania: key requirements for employers
The Parliament has recently adopted the Law Amending the Lithuanian Labour Code, which implements the EU Pay Transparency Directive (the Directive). Although the amendments of the Labour Code took effect on 7 June 2026, the most significant changes are postponed until 1 January 2027. Below, we provide information on the new requirements related to implementing […]
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Significant changes in employing foreign nationals: what should employers be aware of?
On 14 May 2026, the Seimas adopted amendments to the Law on the Legal Status of Foreigners, introducing significant changes in foreigner employment. Most of the amendments (with a few exceptions) came into force on 22 May 2026 and will have a direct impact on employers hiring third-country nationals. Below we outline the key aspects […]