Partnership between TGS Baltic and the Association of Lithuanian Banks will improve legal environment for Lithuanian banks

03.04.2018 Partnership between TGS Baltic and the Association of Lithuanian Banks will improve legal environment for Lithuanian banks

On 22 March 2018, law firm TGS Baltic and the Association of Lithuanian Banks (the ALB) signed a cooperation agreement. The partnership confirmed by signatures of Mantas Zalatorius, President of the ALB, and Vilius Bernatonis, Partner at TGS Baltic, Head of the Banking and Finance Department, came as a result of long-term cooperation of the organizations.

“Having signed the cooperation agreement with the Association of Lithuanian Banks, we continue mutually beneficial and meaningful cooperation of the organizations. The obligations that the parties have assumed today make it possible for the law firm to share its legal experience and in this way to contribute to improvement of legal environment for Lithuanian banks. We hope that our contribution will help to develop constructive interaction among banks, their clients and the regulatory authority”, Vilius Bernatonis, Partner at law firm TGS Baltic, says.

This partnership is the first partnership of this type for the Association of Lithuanian Banks. As the exclusive partner on issues of law, TGS Baltic will advise the ALB, will share its experience in banking and finance, capital markets, personal data and other areas of finance law. Lawyers of the law firm will take part in drafting, coordination and consideration of legal acts relevant for banks.

“We hope that our mutual cooperation will help to even more promote the significant aim of the ALB, which is to ensure good environment of the banking sector, to have a close dialogue with the public, supervisory authorities and legislators. Assistance and competence in solving legal issues in banking and finance and other areas of law are indispensable for this purpose. We chose law firm TGS Baltic, lawyers of which have demonstrated their professionalism on a number of occasions and are well known among legal and business people both in Lithuania and abroad, as our exclusive partners for this purpose”, Mantas Zalatorius, the President of the Association of Lithuanian Banks, says.

The Association of Lithuanian Banks (ALB) has been operating for over 25 years. Its members are Citadele, Danske Bank, Luminor, Medicinos bankas, OP Corporate Bank, SEB, Swedbank, Šiaulių bankas and the Lithuanian Central Credit Union.

TGS Baltic is one of the biggest law firms in the Baltic States, being a full-service commercial law firm. The law firm has offices in Lithuania, Latvia and Estonia with over 130 lawyers and is a member of TerraLex, a global network of independent law firms.