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The Baltic countries decided to support the development of DLT

15.06.2018 / Новости
Sorry, currently this article is available only in Russian

The Latvian government supports the bill on the prohibition of the activities of shell companies

Vladislav Makarenko, 06.06.2018 / Новости
Sorry, this article is currently available only in Russian. 


28.04.2018 / Новости
This article is currently available only in Russian


13.04.2018 / Новости
Sorry, currently this article is available only in Russian.

Experts shared the secrets of optimization of business processes

28.03.2018 / Новости
On March 21, at the seminar organized by the Chamber of Commerce and Industry at the initiative of the Committee for Support of Small and Medium-Sized Businesses, the best international experts, representatives of national business and lawyers disclosed the features of optimization processes, tax planning and business development in general.SBSB company had an honor to attend and deliver a presentation at the event.The leading specialist with tax planning and partner of SBSB Vladislav...

Applying financial licenses in Gibraltar. EMI and DLT

Yuliya Barabash, 17.03.2018 / Новости
Obtaining an DLT license in GibraltarIn this article we will talk about obtaining of two types of financial licenses in Gibraltar.EMI license in Gibraltar (full name Electronic Money Issuer Gibraltar license), and a fairly new DLT license (Distributed Ledger Technology), which is also issued by the Gibraltar regulator.Let's see what types of activities are covered by these licenses and what is needed to be done to obtain a license in Gibraltar.License for the payment system...

Liquidation of ABLV. Who is next?

28.02.2018 / Новости
PrerequisitesEarlier, the European Central Bank blamed ABLV in money laundering and support of terrorism, and subsequently - a significant deterioration in the liquidity of ABLV Bank in Latvia and ABLV Bank Luxembourg.Due to this statement of the European Central Bank and subsequent analysis, the Financial and Capital Market Commission of Latvia has established payment restrictions for ABLV Bank, and depositors have begun to withdraw their deposits in large quantities. As a result, on...

Two e-money institution licences issued in Lithuania

Julia Demskaya, 28.02.2018 / Новости
The Board of the Bank of Lithuania decided to issue licenses of an electronic money institution to Galperin, UAB, and Verified Payments, UAB.These licences grant the companies the right to issue electronic money, carry out payment transactions, including where the funds to a payment services user have been granted using a credit line, also the right to issue payment instruments.Creating a favourable regulatory and supervisory environment for the financial services provision activity...

Bank of Lithuania announces its position on virtual currencies and ICO

27.02.2018 / Новости
Financial services must be clearly dissociated from activities related with virtual currencies. Banks, payment institutions and other financial market participants should not provide services associated with virtual currencies or participate in their release: this is the approved position of the Board of the Bank of Lithuania. ‘Virtual currency is an instrument involving high risk, while profiteering on it may lead to significant losses of funds. Therefore, in order to protect...

Choosing a jurisdiction for Initial Coin Offerings (ICO)

Iryna Мykyta, 23.02.2018 / Новости
It looks like 2018 will become a year of ICO..For lawyers in different countries, this means, firstly, the need to understand this rapidly developing technology, and secondly, to determine how this technology is consistent with laws and regulations.In the context of this article, we review the ICO as an alternative method of raising funds for a project on a blocking network by adopting fiat or crypto currency in exchange for tokens that in the future can be sold or exchanged.To...