Representing a Spanish client in a dispute with an electronic money institution licensed in Lithuania

TRINITI provided legal assistance to a Spanish client who had funds unjustly and illegally restricted by an electronic money institution, which posed a risk of losing the funds altogether. The firm conducted an analysis to determine whether the electronic money institution complied with the regulations for protecting funds as set out in the Law on Electronic Money and Electronic Money Institutions, as well as the requirements for executing payment transactions and disclosing information under the Law on Payments. By identifying potential violations and leveraging their expertise in financial institution regulation and compliance, TRINITI helped the client recover all of their funds and receive additional compensation.