Tag Archives: Tark Grunte Suktiene

ILN Today Post

N. Numavičius will work with TGS Baltic

Nerijus Numavičius has signed a long-term strategic partnership agreement with law firm TGS Baltic. The entrepreneur has chosen TGS Baltic as his strategic adviser for legal and business management issues.

“I am delighted that family office Talka LT headed by Ms. Jolanta Bivainytė and law firm TGS Baltic represented by Ms. Eugenija Sutkienė will work together forming a strong team of legal advisers”, Mr. Numavičius says in the notification.

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Inese Rendeniece on the most recent insurance case law

Magazine ITiesibas in its 22 June 2017 issue published an article by Inese Rendeniece, Senior Associate at TGS Baltic, on the most recent insurance case law. Inese reviewed the conclusions of the Civil Case Department of the Supreme Court of the Republic of Latvia with respect to the burden of proof in case of refusal of payment of insurance indemnity, as well as the conclusions of the Civil Case Department regarding payment of the insurance indemnity in case of breach of insurance agreement on the part of the insured.

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EU GDPR: not so sweet concept of freely given consent

Article by Mindaugas Civilka and Minvydas Balčiūnas 

Consent is arguably among the most direct grounds to collect and process one’s personal data. EU General Data Protection Regulation (GDPR) defines consent as “freely given, specific, informed and unambiguous indication of the data subject’s agreement to the processing of personal data relating to him or her, such as by a written statement, including by electronic means, or an oral statement”.

Free will

The compatibility of one’s consent with the inherently “free will” is represented by cohesion of external forms of personal behaviour with the mental will-forming factors (goals, fears, other motives). Sometimes this connection is feeble, especially when the person does not care much about the value of his personal information, or in other cases he does care about privacy, but has no other choice but to give-away his personal information (e.g. if it is the only way to receive some sort of service).

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The European Central Bank (ECB) harmonises supervision rules for institutions supervised by national competent authorities

On 4 April 2017, Guideline (EU) 2017/697 of the European Central Bank (link) and Recommendation ECB/2017/10 (link) for national competent authorities (including the Bank of Lithuania) on exercising some options and discretions available in EU legislation in relation to less significant institutions directly supervised by national competent authorities have been adopted. In the Guideline and the Recommendation, the ECB pronounces on the application of Regulation (EU) 575/2013 establishing prudential requirements for credit institutions and of other related legislation.

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