Firm / Organisation

DLK LEGAL

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This content is provided by DLK LEGAL.

Chairman/CEO: Dr Krzysztof Korus
Number of employees: 13
Languages: Chinese (Mandarin), English, German, Polish

Firm Overview:
DLK LEGAL is a modern law firm with recognized expertise in financial technologies, proving that agile & creative thinking on regulations is possible. DLK’s experts assist financial institutions in the process of a digital transformation and advise digital disruptors on entering the market and creating new products. The firm provides legal and compliance services in the fields of regulatory and transactional support as well as litigation. DLK’s clients include leading Polish and European banks and non-banking PSPs (EMIs, payment institutions), merchants, online lenders, financial and insurance intermediaries, crowdfunding platforms, ATM networks, financial data aggregators, telecoms and providers of IT solutions for the financial sector. DLK cooperates with the largest associations of banks and non-banking PSPs throughout Poland and the EU

Main Areas of Practice:
Payment services:
Key work highlights:
■ Implementation of PSD2 and other critical regulations of financial services
■ Assistance for TPPs in developing new products
■ Auditing and drawing up complete documentation (internal procedures, client agreements, etc.) of PSPs
■ Negotiation of contracts, including contracts between PSPs, merchant agreements, outsourcing agreements (cloud computing services and IT outsourcing) and assistance in developing payment schemes between various stakeholders
■ Assistance in client onboarding procedures and AML/KYC matters
■ Implementation of strong customer authentication and biometrics in credit institutions

Regulatory and licensing:
Key work highlights:

■ Assistance in obtaining 25+ licenses, including setting-up cross-border activity (passporting), as well as in several reauthorization and on-going licensing procedures across the EU
■ Representation of clients in dealings with financial supervision authorities
■ Regulatory setup for new products and services
■ Assistance during inspections by the financial supervision authority
■ Legal assessment of services in terms of regulatory exemptions (e.g. PSD2)

Consumer finance:
Key work highlights:

■ Introduction of loan firms and intermediaries into the Polish market
■ Assistance in developing new products
■ Legal architecture of a loan collateral on virtual currencies
■ Representation of lenders in dealings with supervision authorities

Privacy and data protection:
Key work highlights:

■ Personal data protection audits in fintech firms
■ Assistance in handling data breaches and other incidents in PSPs
■ Coordination of multi-jurisdiction projects of data flow in capital groups
■ Audit of the biometric signature solution in a credit institution

Corporate law and investor relations:
Key work highlights:
■ Due diligence and M&A transactions in the FinTech and e-commerce sectors
■ Market & regulatory intelligence for investors (including the mapping of regulatory developments)
■ Complete assistance of FinTechs in corporate matters, including corporate governance and on-going legal support
■ Legal assessment of bond issuance by FinTech companies
■ Acquisition of merchants portfolio between the acquirers

E-commerce:
Key work highlights:

■ Implementation of an online wallet by the e-commerce platform
■ Negotiation of acquiring agreements with PSPs
■ Implementation of a loyalty scheme based on payment cards
■ Assistance to the provider of SaaS services for financial institutions in regulatory matters

Dispute resolution:
Key work highlights:
■ Representation of PSPs in several disputes (including disputes before arbitration courts) with other PSPs, e.g. concerning claims related to the membership in a payment card scheme, access to payment accounts and unfair competition laws
■ Representation of a creditor (financial institution) in a procedure of bank’s insolvency
■ Representation of a fintech company in a dispute concerning its branding and key IP assets

Contact:
Name: Dr Krzysztof Korus
Tel: +48 22 652 26 18
Email: [email protected]