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On 30 June 2022 the Parliament adopted amendments to the Law on the Legal Status of Foreigners simplifying certain migration procedures. Some of the changes entered into force on 1 August 2022, while others will come into force on 1 January 2023 or 1 July 2023. Our Employment team prepared an overview of the most […]
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What is the EECC? The EECC is an EU directive that came into force in December 2018, which updates and consolidates existing European rules on electronic communications networks and services, as well as aligning them with recent technological developments in the markets, consumer trends and technology. The EECC broadens the scope of regulation to include […]
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On 1 June 2022, the decision of the Bank of Lithuania (the BoL), stipulating that subjects which are benefiting from limited network exclusion under the Second Payment Services Directive (PSD2) are obliged to resubmit a notification to the BoL, entered into force. The notifications based on the provisions of the guidelines prepared by the European […]
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Following a long delay in the negotiations, the Council and European Parliament reached a provisional political agreement on the Corporate Sustainability Reporting Directive (CSRD) on 21 June 2022. The agreed text was released on 30 June, however, it is still subject to the formal adoption procedure and thereby, further review. The proposal for the CSRD, […]
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Publication / Lina Ragainytė-Mezenė
The Law on Securitisation and Covered Bonds, as well as related amendments to other legal acts, have recently entered into force in Lithuania. The amendments aim to contribute to the development of Lithuania’s capital market and to broaden the diversity of sources of funding. The new regulations will give financial institutions more opportunities to raise […]
