Firm Profile > ECOVIS ProventusLaw > Vilnius, Lithuania
ECOVIS ProventusLaw Offices
MESINIU STR. 5
ECOVIS ProventusLaw > The Legal 500 Rankings
Employment Tier 2
Loreta Andziulytė leads the team at ECOVIS ProventusLaw, which also includes senior associate Brigida Bacienė. It has been providing ongoing advice to various domestic clients on the implementation of the new Labour Code, covering contracts, dismissals and insolvency procedures. Clients include deVere Group and Glocash Payment.
TMT Tier 3
At ECOVIS ProventusLaw, Loreta Andziulytė is noted for her specialty in telecoms; she also advised fintech company Vanepay on establishing its Lithuanian operations. Inga Karulaitytė-Kvainauskienė is another key figure in the team and has expertise in media and advertising.
Inga Karulaitytė-Kvainauskienė is head of the team at ECOVIS ProventusLaw, which advises a variety of local and international financial institutions and fintech companies, as well as traditional banks. Loreta Andziulytė is also recommended.
Dispute resolution Tier 4
ECOVIS ProventusLaw's Kęstutis Kvainauskas has represented an individual who was sued by the Environmental Authority under the Ministry of Environment in a series of cases which are pending at the Supreme Court of Lithuania. Inga Karulaitytė-Kvainauskienė is also a key figure in the practice and is representing a client in the renewable energy sector in a dispute over the validity of the termination of an agreement. Other clients include the Lithuanian Chamber of Auditors.
Real estate and construction Tier 4
At ECOVIS ProventusLaw, Kęstutis Kvainauskas acts on contentious and non-contentious matters relating to real estate construction and financing. Recent highlights include representing Vilniaus Parkai in a lease termination dispute regarding land in Bernardinai Park. Paulius Gavelis is recommended.
ECOVIS ProventusLaw > Firm Profile
The firm: ECOVIS ProventusLaw is a part of the international ECOVIS network which brings together more than 7,000 experienced lawyers, tax and business advisors in 68 countries worldwide. The firm started as a stable medium-sized law firm and has grown as a part of the international ECOVIS network.
Today, ECOVIS ProventusLaw is a full-service law firm providing complete support in legal, corporate and tax issues. As part of the international ECOVIS network, ECOVIS ProventusLaw offers deep insight into local situations as well as unique international expertise and know-how through the interdisciplinary network of ECOVIS professionals from ECOVIS offices around the world. This combination enables ECOVIS to provide efficient services meeting modern clients’ needs, not only in Lithuania, but in every country where there is an ECOVIS office. The firm’s worldwide presence allows it to handle all the processes in the other parts of the world from the client’s home country’s ECOVIS office. This makes ECOVIS ProventusLaw different from other local service providers.
Areas of practice: Being a full-service law firm, ECOVIS ProventusLaw specialises in serving business organisations and people in Lithuania, the Baltic region and Europe. Supported by its global network of ECOVIS professionals, ECOVIS in Lithuania is a one-stop shop for all-round support in legal, fiscal, corporate and administrative issues. The main areas of expertise of ECOVIS ProventusLaw are business incorporation and licensing, tax and corporate issues, financial services, data privacy, IT and telecommunications, real estate and construction, employment law, public procurement and dispute resolution.
In 2017 ECOVIS ProventusLaw was recognised as a market leader in the licensing of international finance institutions and financial technology (fintech) companies seeking Lithuanian licences to provide financial services in the European Union (EU) market. ECOVIS’ experience in consulting and licensing international finance institutions starts from the incorporation and licensing of the first modern securities index investment fund in Lithuania, 15 years ago. Recently ECOVIS ProventusLaw licensed the European branch of California-based global e-payment company Alternative Payments, serviced global financial advisor deVere Group in obtaining a Lithuanian e-money licence for their global financial products, and licensed Singapore-based pan-Asian fintech company Instarem in expanding in to the EU market. Today ECOVIS serves banks, payment and e-money companies, investment advisers and fund managers, securities brokers and other financial institutions from Europe, the Americas, South East Asia and the Middle East seeking to expand their services in the single EU financial market.
|Financial services, licensing and compliance||Inga Karulaityte-Kvainauskiene|
|Data protection||Loreta Andziulyte|
|Dispute resolution||Kestutis Kvainauskas|
|Telecommunications, IT||Loreta Andziulyte|
|Public procurement||Kestutis Kvainauskas|
|Media and advertising||Inga Karulaityte-Kvainauskiene|
|Real estate and construction||Kestutis Kvainauskas|
|Bankruptcy and restructuring||Loreta Andziulyte|
|Regulatory affairs and government relations||Loreta Andziulyte|
|Distribution and trade||Inga Karulaityte-Kvainauskiene|
|Corporate governance||Loreta Andziulyte|
|Transport and maritime||Inga Karulaityte-Kvainauskiene|
Staff FiguresNumber of lawyers : 450 at this office : 15
LanguagesEnglish German Lithuanian Polish Russian
OtherOther offices : Klaipeda
From our perspective, the fully handle all aspects of financial or corporate matters with a highly professional dedicated team. Their knowledge of the financial services industry within their local market is supporting us in our efforts across Europe. I would now hesitate in recommending ECOVIS ProventusLaw as a strong and reliable law firm for any dealings with the regulatory body in Lithuania.
ECOVIS ProventusLaw do not stop with answers to questions posed. They always look into a business issue and grasp it immediately. This is how they demonstrate the tangible benefits of specialisation in our sector. And when a solution proposed is acute not only from business law perspective but also in the context of the dynamic technology market we have no more doubts our choice of legal advisor for our next issue.
COMPANY/FIRM: UAB Transekspedicija
We trust ECOVIS ProventusLaw tram because we know that they understand our business as perfectly as we do ourselves. Their victories in a courtroom and strategic legal advice, which contributed to our business success, are the reasons why we have placed our trust in them for a number of years.
COMPANY/FIRM: UAB Alternative payments
Always on time. Always reliable. Always professional. This is how this team works with us and deals with regulatory authorities in our sector.
COMPANY/FIRM: UAB Mobiliuju telefonu techninis centras
We have relied on ECOVIS ProventusLaw almost a decade. They are our strategic partner not only in dealing with commercial issues with global technology leaders and in planning expansion abroad but also in day-to-day matters of consumer rights, corporate governance and labour law. This team proves again and again that it has acute understanding of technology sector and that the value they create goes beyond legal issues.