"The economy in Belarus has been stable for the past few years, but recently has been heavily affected by both the negative impacts of the coronavirus and a tight situation with Russia,” says Sergei Makarchuk, Partner at Cerha Hempel in Minsk. “Tensions between the two countries have really taken their toll over the past six months and a few conflicts have taken place, in most cases related to the supply of oil.”
Contributed by Arzinger
SBH has advised Zubr Capital on the investment by its Zubr Capital Fund I in the Myfin Group, an IT platform for banking products. Revera reportedly advised Myfin Group on the transaction.
Aleinikov & Partners is representing Blitz Team in a dispute with Wargaming, developer of the game World of Tanks.
Aleinikov & Partners has advised Belarusian studio Vizor Games on an unspecified investment into the company by Playrix.
"As is the tradition in Belarus, the closing of a year is also a debriefing of large M&A transactions and real estate transactions,” says Maxim Lashkevich, Partner at Grata International in Belarus.
Peterka & Partners' lawyers Victor Rakovskij and Natalia Gievaya are taking on the roles of Partner and Members of the firm's Local Management Board of Belarus, as previous Belarus office director Natalia Anoshka steps down from that position and leaves the firm.
Sorainen has advised Data Delivery LLC, a Belarus-based developer of the RocketData.io platform for managing business reputation and online data, on implementing share options for employees.
Sorainen has helped Northern European fast-food chain Hesburger expand its operations in Belarus.
Sorainen has advised the EBRD on its provision of a EUR 200 million financing package to Belarusian subsidiaries of the Kronospan group.
Sorainen has advised Moomin Characters Oy Ltd, a company established by Finnish writer and illustrator Tove Jansson that is responsible for Moomin copyright and trademark protection, in pre-trial proceedings regarding a copyright infringement issue.
Sorainen has advised Flex-n-Roll, a producer of self-adhesive labels, on its entrance into the China-Belarus “Great Stone” Industrial Park, a special economic zone located about 40 kilometers outside Minsk that was established by means of an intergovernmental agreement between the People's Republic of China and the Republic of Belarus.
Sorainen has advised Google on Belarusian aspects of its acquisition of San Francisco-based wearables brand Fitbit.
Aleinikov & Partners has advised the Development Bank of the Republic of Belarus on venture financing issues related to the Enhancing Access to Financing of Micro, Small and Medium Enterprises in the Republic of Belarus project implemented with the International Bank for Reconstruction and Development.
Sorainen has assisted Shaanxi Fast Gear in its entrance into a joint venture with Minsk Automobile Plant MAZ, the Belarusian state-owned manufacturer of trucks.
CHSH Cerha Hempel Spiegelfeld Hlawati has rebranded as Cerha Hempel.
SBH has advised the EBRD and Zubr Capital on their investment in the Mila group of companies, a wholesale distributor of beauty and personal care products that sells these products through its chain of Mila stores. Revera reportedly advised Mila on the deal and Bird & Bird reportedly worked with both sides.
SBH Law Offices has advised Zubr Capital, a private equity fund from Belarus, on its investment in MediaCube, a developer of IT solutions for video creators and musicians.