Sorainen Belarus is advising Geely International Corporation on the implementation of a joint venture with the Borisov Automotive and Tractor Electrical Equipment Plant.
The project — which Sorainen described as "one of the largest recent foreign investment projects in Belarus" — involves the production of engines equipped with transmission for Geely passenger cars. The Borisov Engine Plant joint venture was established on August 31, 2017 and was registered as a Minsk FEZ resident on December 1, 2017. The total investment is expected to exceed EUR 500 million.
Previouslu, Sorainen Belarus supported Geely International Corporation with the implementation of a passenger car assembly investment project.
The Sorainen team in the Borisov JV matter included Partner Maksim Salahub, Senior Associate Viktoryia Mikhnevich, and other lawyers.