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The Revera law firm in Belarus has announced the establishment of an Italy Desk in the firm to serve as "a platform for promoting interests of Belarusian companies and investors in Italy and promoting Italian business in Belarus."

Lawyers in Belarus have been active in recognizing the potential of blockchain and the crypto-industry, says Sorainen Belarus Country Managing Partner Kiryl Apanasevich. “Belarus has been promoting blockchain culture over the last couple of years and adopted new legislation on the subject a year ago,” he says, referring to the country's Decree No. 8 on the Development of the Digital Economy that came into effect in March 2018.

K&L Gates and Arzinger & Partners have advised CDRL S.A. on its December 27, 2018 acquisition of 90% of the shares of Belarus-registered Handlowo – Przemyslowa Grupa West Ost Union Sp. z o. o. o., which owns a chain of shops with children's goods in Belarus operating under the brand Buslik, from the EBRD and four private individuals. Closing occured on January 1, 2019.

The Belarus office of Vilgerts Legal & Tax in Belarus has announced that, as of January 1, 2019, it will leave the Riga-based firm and begin operating independently as Legaltax. Roman Shpakovsky remains Managing Partner of the firm.

As part of comprehensive change in the Belarusian legal sphere, a new edition of the country’s “On Contradiction of Monopolistic Activity and Development of Competition” law (the “Competition Law”) entered into force on August 3, 2018. The Competition Law sets out new rules designed to ensure conditions for fair competition and to create new markets and enable their development apply to Belarusian and foreign companies doing business in Belarus.

Sorainen Belarus has advised Helmes, an international software development company based in Estonia, on its acquisition of a majority shareholding in Belarusian outsourcing IT company SolbegSoft, a resident of the High Technologies Park economic zone. The seller was represented by Revera.

Land relations can be a crucial issue for foreign investors considering whether or not to start a business in a particular country. Let us provide you with a summary of land legislation of Belarus and the opportunities it offers for business.

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