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“The country is still in recession” says Sergei Makarchuk, Partner at CHSH in Belarus, pointing to an approximately 3% decrease in GDP recorded in Belarus in 2016. Bankruptcy in the corporate sector is on the increase, he reports, with the economic courts’ docket “overflowing” with such cases. The purchasing power in the economy has slowly decreased as a result of lower income and decreased spending power for the middle class.

Motieka & Audzevicus has advised Lithuania's KG Group on the preparation and negotiation of financing agreements from the European Bank for Reconstruction and Development for a credit facility to be used for development of the company's business in Belarus.

Arzinger has advised a group of the Middle East investors led by Agromilk Holding (UAE) on their acquisition of the state-owned dairy farm located in the Grodno region of Belarus. The multimillion investment project is aimed at the development of the current facilities and the construction of new ones, as well as increasing the livestock.

The Belarusian office of Arzinger & Partners has represented Uber B.V. in negotiating and concluding an Agreement on Interaction and Cooperation with the Ministry of Taxes and Duties of the Republic of Belarus, signed on November 15, 2016.

Sayenko Kharenko, working with global advisors Fenwick & West (leading transaction counsel) and Allen & Overy (coordinating counsel), has advised Shanghai Giant Network Technology Co. on Ukrainian aspects of the USD 4.4 billion all-cash acquisition made by a consortium of Chinese private equity firms of Playtika Ltd (Playtika), one of the world’s largest social casino gaming companies, from Caesars Interactive Entertainment (CIE). Sorainen advised on Belarusian matters.

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