The Tvins law firm in Lithuania has advised UAB Finansu Bite Verslui on becoming the first member of the public list of crowdfunding platform operators in Lithuania.
According to Tvins, according to the Law on Crowdfunding of the Republic of Lithuania, which entered into force on December 1, 2016, operators wishing to engage in crowdfunding activities must first be included in the public list of crowdfunding platform operators by the Bank of Lithuania. According to the firm, "we are glad that our clients managed to be the first in the row."
Tvins advised Finansu Bite Verslui "on procedures related to entering into the list of crowdfunding platforms operators [and] drafted legal documents for licensing." The firm's team was led by Partner Vytautas Senavicius.