Situated within the firm's broader banking and finance practice, TEGOS (Formerly TGS Baltic)'s fintech team takes on a varied caseload including licensing, transactions and regulatory proceedings. The firm acted as the sole counsel in the acquisition of a rare financial advisory firm licence. It also supported Travel Union, an electronic money and payment service provider, during a Bank of Lithuania inspection. The team is led by Žygimantas Stankevičius, a seasoned financial regulation lawyer, who is closely assisted by associate partners Evelina Tumakova-Kuzmič and Rasa Blinstrubienė.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
- ‘I would recommend Žygimantas Stankevičius.’
- ‘A very professional team that listens carefully to clients, identifies issues, and proposes effective solutions while working collaboratively to achieve the best possible results. They are open, transparent, and maintain clear communication. Charges are straightforward, with no hidden fees or unexpected surprises in the invoices.’
- ‘They listen attentively to the client, maintain strong relationships, and build trust by providing valuable advice, even on matters not directly related to the project at hand. Žygimantas Stankevičius is a highly professional fintech and crypto lawyer, offering deep expertise in regulatory compliance as well as broader financial areas.’
- ‘Working with TEGOS' fintech team has been a real advantage for our business. They quickly understood our needs and found smart solutions to every challenge we faced. I truly appreciate their energy and commitment – they made the whole process smooth and delivered great results.’
- ‘Žygimantas Stankevičius is great at handling fintech issues – he solves problems quickly and always finds a smart way forward. Lina Mileškevičienė is also a real expert in this area, with a practical approach and deep knowledge that make a big difference on any project. Together, they’re reliable and easy to work with, and you can count on them to get things done.’
- 'Consultants seek to answer and solve the problem, not only providing formal advice.’
- ‘Rasa Blinstrubienė is very efficient and provides detailed advice.'
Key clients
- Marius Bausys, the founder of UAB ArcaPay
- UAB “Guru Pay”
- Perlas Finance, UAB
- Finci UAB
- BLB Capital
- Travel Union UAB
Work highlights
Advised Marius Bausys, founder of ArcaPay, on the sale of the Lithuanian cross-border payments provider to UK-based fintech Ebury, backed by Santander Bank.
Advised BLB Capital on obtaining a rare financial advisory firm licence from the Bank of Lithuania – only the fourth ever issued in the country and the first since 2015.
Advised Travel Union in regulatory proceedings following a Bank of Lithuania inspection, leading negotiations that resulted in an administrative settlement.|
Practice head
Žygimantas Stankevičius
Other key lawyers
Evelina Tumakova-Kuzmič; Rasa Blinstrubienė