Best Funds & Asset Management Lawyers in Republic of Lithuania

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Founded in 1998
English
Magnusson ir partneriai, advokatų profesinė bendrija, has been delivering comprehensive legal services in Lithuania since 1998. With over two decades of experience, the firm has developed substantial expertise across various sectors of business law, including employment, customs and tax, public...
Jonaitis ir partneriai, advokatu kontora
Kaunas, Republic of Lithuania

English
Jonaitis ir partneriai, advokatų kontora, is a distinguished law firm located in Kaunas, Lithuania, at Maironio g. 4. The firm is led by Kęstutis Jonaitis and includes experienced attorneys such as Redvita Mocevičienė and Simona Slavickaitė. They offer a comprehensive range of legal services...
Vilnius, Republic of Lithuania

English
CONFIDENCE Law Office, based in Vilnius, Lithuania, delivers specialized legal services of European quality, focusing on real estate, financial and business disputes, director's liability, labor, and family law. The firm's experienced team efficiently handles litigation, contractual negotiations,...
Klaipėda, Republic of Lithuania

English
Robertas Skėrys Law Firm, based in Klaipėda, Lithuania, offers comprehensive legal services to both private individuals and businesses. The firm specializes in drafting contracts and procedural documents, representing clients in civil, criminal, and administrative cases, and handling tax...
ZETA LAW Law firm
Vilnius, Republic of Lithuania

Founded in 2005
English
ZETA LAW, established in 2005, focuses on managing internal and external corporate crises and resolving disputes. The firm has represented clients in over 6,000 lawsuits, often influencing case law in significant legal matters. Their expertise spans arbitration, civil and administrative disputes,...
Advokatų kontora Auctoritas
Klaipėda, Republic of Lithuania

Founded in 2022
English
Advokatų kontora Auctoritas, located in Klaipėda, Lithuania, offers comprehensive legal services with a focus on business law and civil law. The firm's team of experienced attorneys provides expert counsel to both local and international clients, ensuring tailored solutions that address the...

Founded in 2019
English
Advokatų profesinė bendrija "PAKĖNAS IR PARTNERIAI," established in 2015, has become one of the most successful law firms in the Kaunas region. The firm specializes in business and family law, offering comprehensive legal services to both corporate and individual clients. Their team of...
Advokatas Dainius Žiedas
Klaipėda, Republic of Lithuania

English
Advokatas Dainius Žiedas is a distinguished attorney and partner at the law firm Žlioba & Žlioba, based in Klaipėda, Lithuania. Specializing in criminal law and administrative offenses, he brings extensive experience to his practice. Mr. Žiedas began his legal career as an assistant to the...

English
Advokatų kontora MEMEL LAW Gerbauskas, Mackevičius ir partneriai is a distinguished law firm based in Klaipėda, Lithuania. The firm is led by experienced attorneys Henrikas Mackevičius and Karolis Gerbauskas, who have been practicing law since 2002 and 2014, respectively. Their combined...

Founded in 2008
English
Černiauskas ir partneriai, advokatų profesinė bendrija, is a distinguished law firm in Lithuania, offering comprehensive legal services across various domains. The firm's primary areas of practice include business law, family and inheritance law, and intellectual property law. Their business law...
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About Funds & Asset Management Law in Republic of Lithuania

Funds and asset management law in the Republic of Lithuania regulates how investment funds, asset managers, and related financial institutions are established, operated, and supervised within the Lithuanian jurisdiction. This sector is governed by both national legislation and European Union directives to ensure transparency, investor protection, and the development of a stable and competitive market. The laws cover a broad spectrum of entities including collective investment undertakings, real estate funds, venture capital funds, and pension funds, among others.

Why You May Need a Lawyer

Legal advice is often crucial in the field of funds and asset management. Common scenarios where you might need a lawyer include:

  • Establishing a new investment fund or asset management company
  • Ensuring compliance with regulatory requirements and obtaining necessary licenses
  • Drafting and reviewing fund prospectuses or offering documents
  • Advising on restructuring, mergers, or liquidation of funds
  • Navigating cross-border fund distribution within the European Union
  • Representing clients in disputes with investors, partners, or regulatory authorities
  • Conducting due diligence on investments and managing risk exposure
  • Advising on taxation issues relating to funds and asset management

Given the complexity and ever-changing nature of regulation, professional legal guidance can help prevent costly mistakes and help organizations achieve their objectives efficiently.

Local Laws Overview

The legal framework for funds and asset management in Lithuania is primarily established by the Law on Collective Investment Undertakings, the Law on Managers of Alternative Investment Funds, and the Law on Financial Institutions. The Bank of Lithuania acts as the supervisory authority for the financial sector.

Some key aspects include:

  • Licensing and supervision of fund managers and investment companies by the Bank of Lithuania
  • Implementation of European Union directives such as UCITS (Undertakings for Collective Investment in Transferable Securities) and AIFMD (Alternative Investment Fund Managers Directive)
  • Specific requirements for capital adequacy, risk management, reporting, and investor disclosure
  • Rules for cross-border distribution of funds and passporting within the EU
  • Regulations related to anti-money laundering and counter-terrorist financing
  • Taxation rules for funds and their investors, including favorable regimes for certain fund types

Understanding these regulations is essential for compliance and for making informed decisions in the Lithuanian market.

Frequently Asked Questions

What types of investment funds are available in Lithuania?

Lithuania permits various types of funds including UCITS funds, alternative investment funds, private equity funds, venture capital funds, real estate funds, and pension funds. Each type has distinct regulatory requirements and investment strategies.

Who regulates funds and asset managers in Lithuania?

The Bank of Lithuania is the primary regulatory authority responsible for licensing, supervision, and enforcement relating to funds and asset managers.

Do I need a license to manage assets or operate an investment fund?

Yes, managing collective investment undertakings or offering asset management services generally requires a license from the Bank of Lithuania. Certain exemptions may apply based on the type and scale of operations.

Can foreign managers offer funds in Lithuania?

Yes, under the EU passporting regime, managers licensed in another EU member state may offer their funds in Lithuania subject to notification and compliance with local requirements.

What are the main compliance obligations for fund managers?

Fund managers must comply with ongoing reporting, risk management, investor disclosure, and anti-money laundering requirements, alongside capital adequacy and other prudential standards.

How are investors protected under Lithuanian law?

Investors benefit from regulatory oversight, disclosure obligations on fund documentation, segregation of client assets, and rules against conflicts of interest. There are also procedures for complaints and dispute resolution.

Are there any tax incentives for setting up funds in Lithuania?

Certain fund vehicles may enjoy favorable tax treatment, including exemptions from corporate income tax for specific types of collective investment undertakings, subject to meeting legal requirements.

How long does it take to set up a new investment fund?

The timeline depends on the fund type and readiness of documentation, but the licensing process by the Bank of Lithuania can take from several weeks to a few months.

Can Lithuanian funds be marketed to investors in other EU countries?

Yes, Lithuanian funds can be distributed cross-border within the EU, leveraging passporting rights under UCITS or AIFMD frameworks.

What should I do if I have a dispute with a fund manager or investor?

You should seek legal advice promptly. Dispute resolution may involve internal complaint procedures, mediation, or legal proceedings before courts or arbitrators, depending on the contract and circumstances.

Additional Resources

If you need more information or assistance, the following organizations and resources can be helpful:

  • Bank of Lithuania - the central regulator for financial markets, including funds and asset management
  • Lithuanian Investment Management Companies Association - provides guidance and represents the sector’s interests
  • State Tax Inspectorate - for information regarding taxation of funds and investments
  • Lithuanian Bar Association - to find qualified lawyers specializing in financial law
  • Official documents and guidance issued by the Ministry of Finance of the Republic of Lithuania

Next Steps

If you require legal assistance in funds and asset management in Lithuania, follow these steps:

  • Identify your specific needs or challenges related to funds or asset management
  • Gather all relevant documents, such as fund structures, contracts, and correspondence
  • Consult with a qualified lawyer experienced in financial and investment law in Lithuania
  • Clarify the scope of legal assistance you need, such as compliance review, contract drafting, representation, or regulatory advice
  • Discuss fees and timelines with your legal advisor before commencing work

Taking these steps will help ensure you receive accurate, timely, and effective support for your funds and asset management needs in the Republic of Lithuania.

Lawzana helps you find the best lawyers and law firms in Republic of Lithuania through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Republic of Lithuania - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.