Best Funds & Asset Management Lawyers in Vilnius

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Vilnius, Republic of Lithuania

Founded in 1990
English
COBALT Law Firm is a leading legal service provider in Lithuania, renowned for its comprehensive expertise across various practice areas. The firm offers specialized services in Mergers and Acquisitions, Corporate Advisory, Employment Law, Banking and Finance, and Intellectual Property, among...
Leinonen Lithuania Vilnius
Vilnius, Republic of Lithuania

Founded in 1996
English
Leinonen Lithuania Vilnius is a trusted partner for businesses seeking professional accounting, bookkeeping, and tax consulting services in Lithuania. With a well-established presence in Vilnius, the firm delivers precise and timely financial solutions tailored to the needs of both local and...
Vilnius, Republic of Lithuania

Founded in 2018
English
Established in 2018, ADC LEGAL Advokatų kontora is a distinguished law firm in Vilnius, Lithuania, renowned for delivering high-quality legal services across various practice areas. The firm's team comprises seasoned professionals with over 20 years of experience, ensuring clients receive expert...
HubLegal advokatų kontora
Vilnius, Republic of Lithuania

English
HubLegal advokatų kontora Galubickas, Lukošiūnas ir partneriai is a distinguished law firm based in Vilnius, Lithuania, offering a comprehensive range of legal services to individuals, businesses, and organizations. The firm's team of experienced attorneys is committed to delivering innovative...
Abromavicius Attorneys, law firm
Vilnius, Republic of Lithuania

English
Abromavicius Attorneys is a distinguished law firm based in Vilnius, Lithuania, offering comprehensive legal services across various business law sectors. Their areas of expertise encompass commercial and trade law, real estate, environmental law, employment law, and dispute resolution. The firm's...

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...
Vilnius, Republic of Lithuania

Founded in 2019
English
Law Firm Elegant Solution, established in 2019, offers a comprehensive range of commercial legal services in Lithuania. The firm's team of experienced professionals is dedicated to delivering efficient and effective solutions to complex legal issues, emphasizing clarity and simplicity in their...
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,...
Walless
Vilnius, Republic of Lithuania

Founded in 2018
English
WALLESS is a modern Baltic law firm with a "wall-less" philosophy, emphasizing transparency, professionalism, and high standards. Established in 2018, the firm has rapidly expanded its presence across the Baltic region, with offices in Vilnius, Riga, Tallinn, and Tartu. The firm's lean working...
Vilnius, Republic of Lithuania

Founded in 2021
English
Advokatų profesinė bendrija "NEWTON LAW" is a Lithuanian law firm founded by long-term partners and like-minded professionals, operating throughout Lithuania. The firm specializes in corporate, tax, employment, real estate and construction, medical, and data protection law, as well as dispute...
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About Funds & Asset Management Law in Vilnius, Republic of Lithuania

Vilnius, the capital of the Republic of Lithuania, serves as a growing hub for funds and asset management activities within the Baltic region. Lithuania has developed a modern and business-friendly legal and regulatory framework for the establishment, operation, and supervision of investment funds, asset managers, and other financial institutions. The sector covers a variety of undertakings, including investment funds, pension funds, private equity, venture capital, and wealth management services. Both institutional and private investors can find significant opportunities in Vilnius, given the city’s position within the European Union and its alignment with EU directives and regulations applicable to the financial sector.

Why You May Need a Lawyer

There are several common situations in which individuals or businesses might need legal help in the field of funds and asset management in Vilnius:

  • Setting up investment funds or asset management companies and ensuring full regulatory compliance
  • Navigating approval and licensing procedures with the Bank of Lithuania or other regulatory bodies
  • Drafting fund documentation, including prospectuses, internal rules, and management agreements
  • Structuring cross-border investments and ensuring compliance with European Union regulations
  • Advising on taxation aspects relevant to funds and investment returns
  • Addressing disputes between fund managers and investors or third parties
  • Acquisitions, mergers, or reorganizations in the asset management sector
  • Ensuring anti-money laundering (AML) measures and compliance programs are in place and up to date
  • Advising on investor rights and protection under local and EU law
  • Dealing with enforcement actions or sanctions by regulators

Local Laws Overview

Funds and asset management activities in Vilnius are primarily governed by the legal acts of the Republic of Lithuania and European Union legislation. The key local law is the Law on Collective Investment Undertakings, which regulates the formation, operation, and supervision of investment funds in Lithuania, including retail and professional funds. Additionally, the Law on Management Companies of Collective Investment Undertakings, the Law on Markets in Financial Instruments, and the Law on Securities provide specific guidelines on licensing, investor protection, and ongoing obligations for fund managers and advisors.

The Bank of Lithuania acts as the main supervisory authority for funds and asset management. It is responsible for the licensing of asset management companies and funds, monitoring compliance, and providing guidance on regulatory changes. Lithuania has harmonized its legal framework with EU directives such as UCITS (Undertakings for Collective Investment in Transferable Securities), AIFMD (Alternative Investment Fund Managers Directive), and MiFID II (Markets in Financial Instruments Directive), which ensures that Lithuanian-licensed funds and asset managers can operate across the European Economic Area, subject to passporting rights.

Additional regulations relate to anti-money laundering, risk management, governance, and disclosure requirements. There are also specific taxation rules for funds and asset management activities, which are important for both managers and investors to consider.

Frequently Asked Questions

What bodies regulate funds and asset management activities in Vilnius?

The primary regulator is the Bank of Lithuania, which oversees licensing, supervision, and ongoing monitoring of financial services providers, including funds and asset managers.

What types of investment funds can be established in Lithuania?

Lithuania allows the establishment of retail funds, alternative investment funds (AIFs), UCITS funds, venture capital funds, real estate funds, and pension funds, among others.

What is the process for setting up an investment fund in Vilnius?

The process involves creating the necessary legal entity, preparing fund documentation, meeting minimum capital requirements, and obtaining a license from the Bank of Lithuania. The requirements vary depending on the type of fund.

What are the main legal requirements for asset management companies?

Asset management companies must be licensed, maintain adequate capital, establish risk management systems, and comply with AML requirements and investor protection obligations.

What is the typical timeframe to obtain a fund or asset manager license?

The licensing process may range from three months to one year, depending on the complexity and completeness of the application.

Can foreign investors participate in Lithuanian investment funds?

Yes, Lithuanian law and EU passporting rights allow both local and foreign investors to participate in investment funds established in Lithuania.

What taxation applies to funds and their investors?

Funds and their investors may be subject to taxation on income and returns according to Lithuanian tax law and any applicable double taxation treaties. Some funds enjoy tax exemptions on certain types of income.

What investor protection measures are in place?

Lithuanian law includes strict requirements on transparency, disclosures, information to investors, segregation of client assets, and complaint mechanisms. EU directives provide additional protection.

How are disputes between asset managers and investors resolved?

Disputes are typically resolved through negotiation, mediation, or litigation in Lithuanian courts. Some agreements may also include arbitration clauses.

How can I ensure compliance with anti-money laundering regulations?

Asset managers must implement effective AML policies, conduct customer due diligence, monitor transactions, report suspicious activities, and regularly train staff on AML matters.

Additional Resources

The following organizations and resources can provide additional guidance and support:

  • Bank of Lithuania: Supervises and regulates funds and asset managers, publishes regulations and guidance
  • Ministry of Finance of the Republic of Lithuania: Issues national policies and legislative updates
  • State Tax Inspectorate: Provides information on taxation rules relevant to funds and asset management
  • Lithuanian Investment Management Association: Represents industry participants and promotes best practices
  • Lithuanian Bar Association: Can help you find qualified legal professionals in financial law

Next Steps

If you require legal assistance in funds and asset management in Vilnius, consider the following steps:

  • Clearly define your objectives and the scope of services you need, whether it is setting up a fund, navigating regulations, or dealing with a specific legal issue
  • Collect and organize all relevant documents, business plans, contracts, or correspondence that may be required for your legal matter
  • Identify and contact a law firm or independent lawyer specializing in financial services and fund management law in Lithuania
  • Discuss your situation, expectations, and budget with the lawyer to ensure a proper understanding and alignment
  • Follow professional advice to complete the necessary legal, regulatory, and compliance tasks
  • Stay informed about local regulatory developments that may affect your investment or fund management activities

Taking these steps with the help of a legal professional can help you protect your interests, navigate local laws confidently, and make informed decisions in the field of funds and asset management in Vilnius, Republic of Lithuania.

Lawzana helps you find the best lawyers and law firms in Vilnius 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 Vilnius, 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.