Starting November 19, 2024, amendments to the Civil Code (CC) will come into effect, allowing a limited liability company (LLC) to operate without developing or adopting its own individual founding document - a Сorporate Сharter. Instead, it can function based on a Model Charter approved by the government.

What are the advantages and disadvantages of adopting the Model Charter as the founding document? In which cases should one consider the necessity of having an individual LLC Charter?

Read more about this in our article.

Seminar from Borovtsov & Salei for the Association of International Pharmaceutical Manufacturers

On July 24, 2024, partner Lada Maisenya and senior lawyer Yulia Shuba held a seminar for members of the Association of International Pharmaceutical Manufacturers on the topic "Changes to the Advertising Law: How We Work with Advertising Distributors". During the meeting, our experts explained to the audience the key changes made to the Advertising Law, which came into force on July 12, 2024.

Important! On July 12, 2024, amendments to the Law of the Republic of Belarus "On Advertising" will come into effect. According to these amendments, as a general rule, only advertising distributors included in the Register of Advertising Distributors are authorized to provide advertising placement (distribution) services, including Online.

This is covered in our publication.

From July 11, 2024, changes to the Law of the Republic of Belarus "On State Regulation of Trade and Public Catering" will enter into force.

Accordingly, there are a few days left for those who carry out trade to have time to be included in the Trade Register on a reporting basis.

We are pleased to present you the quarterly Newsletter, traditionally prepared by Borovtsov & Salei team, in which we pointed out the most significant, in our opinion, legislative changes for business in Belarus for the period of April - June 2024.

Newsletter 2024 (Q 2) can be found here Newsletter 2024 (Q 2) from Borovtsov & Salei.

We provide additional information: On June 29, the EU (2024/1865) adopted new restrictive measures aimed against Belarus. The agreed measures will affect various sectors of the Belarusian economy, including trade, services, transport. For more information, see here.