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"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.”

Read more: The Buzz in Belarus: Interview with Sergei Makarchuk of Cerha Hempel

"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.

Read more: The Buzz in Belarus: Interview with Maxim Lashkevich of Grata International

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.

Read more: New Partners at Peterka & Partners in Belarus

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.

Read more: Sorainen Advises Moomin Characters Oy LTD on Pre-Trial Settlement Regarding Copyright Infringement

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.

Read more: Sorainen Helps Flex-n-Roll Become Resident of Great Stone Industrial Park in Belarus

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.

Read more: Aleinikov & Partners Advises Development Bank of Republic of Belarus on Venture Financing Issues

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.

Read more: SBH Advises on EBRD and Zubr Capital Investment in Mila Group
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