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WALLESS
Department profile | WALLESS
FinTech Legal

About

Provided by WALLESS

The WALLESS FinTech team, led by Partner Joana Baublytė-Kulvietė with Partners Gediminas Rečiūnas and Laurynas Narvydas, is among the strongest in the Lithuanian market. With most team members having 7–13 years of experience in financial regulation, WALLESS offers clients direct access to senior expertise across payments, compliance, AML, licensing, and regulatory-driven M&A. Working as one integrated Baltic practice, the team provides unified regulatory support across Lithuania, Latvia, and Estonia, assisting clients with regional and global operations.

 

WALLESS financial regulatory team stands out in the market due to its:

  • Specialised know-how in payments, financial services regulation, AML, compliance, licensing, and regulatory-driven transactions.
  • Expertise in new regulatory areas, including crypto-assets, MiCA, DORA, PSD3/PSR, AMLA, and ESG-related compliance.
  • Broad industry coverage – from banks, e-money and payment institutions, to brokerage, asset management, private funds, pension funds, and insurance companies.

Chambers Review

Provided by Chambers

FinTech Legal - Lithuania

1
Band 1

What the Team is Known For

WALLESS has a strong banking practice and acts for many well-known FinTech clients. Its lawyers advise on payments and VASP licensing as well as regulatory compliance, including AML. Its team also assists with significant transactional matters such as mergers, fundraising and corporate structuring.

Strengths

Provided by Chambers

WALLESS has good strategic oversight on the matter being handled and have a strong and disciplined approach to problem solving. I have not met a stronger legal team in Lithuania yet.

FinTech Legal respondent
FinTech

Notable Practitioners

Provided by Chambers

Joana Baublytė-Kulvietė
1
Joana Baublytė-Kulvietė
1
Band 1
Joana Baublytė-Kulvietė is a co-founder of the firm's finance team. She has vast experience in banking and finance and advises on significant FinTech financings, transactions and regulatory compliance matters.

Joana Baublytė-Kulvietė has very good strategic insights, follow-up and most of all is focused on delivering value to the client.

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Gediminas Rečiūnas
3
Gediminas Rečiūnas
3
Band 3
Gediminas Rečiūnas advises on FinTech merger and acquisition deals, regulatory licensing and compliance matters. His FinTech clients include digital banks, insurers and fund management companies.

Gediminas Rečiūnas is very good at challenging, suggesting solutions and following up. Working together was a pleasure.

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Simona Vosylienė
4
Simona Vosylienė
4
Band 4
Simona Vosylienė advises FinTech clients on licensing matters and regulatory compliance. Vosylienė is particularly well regarded for her expertise in anti-money laundering issues.

I think Simona Vosylienė is really strong in AML and she works with many FinTechs.

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Ranked Individuals at
WALLESS

Provided by Chambers
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Lithuania

FinTech Legal
Joana Baublytė-Kulvietė
1
Joana Baublytė-Kulvietė
1
Band 1
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Gediminas Rečiūnas
3
Gediminas Rečiūnas
3
Band 3
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Simona Vosylienė
4
Simona Vosylienė
4
Band 4
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Members

Provided by WALLESS

Akvilė Marozaitė

Gediminas Rečiūnas

Gediminas Rečiūnas

Head of Department

Joana Baublytė-Kulvietė

Joana Baublytė-Kulvietė

Head of Department

Laurynas Narvydas

Head of Department

Samanta Blėdienė

Viktorija Dusajeva