Once again, the list of legal entities of the Republic of Belarus has been revised, in which participants (shareholders) from "unfriendly" states are prohibited from alienating their shares (shares) in authorized funds (the "List"). The new version of the List was approved by Resolution of the Council of Ministers No. 382 of June 10, 2023, comes into force on June 17, 2023 and contains 1,795 entities.

On May 29, 2023 Znak Nadezhda, lawyer and partner of Borovtsov & Salei, spoke at the online seminar "Reorganization of legal entities: algorithm of actions, forms, case studies".

The report reveals the features and cases of applying reorganization in the form of a spin-off, gives practical recommendations on the adoption and content of a decision on reorganization, drawing up a separation balance sheet and an explanatory note to it, explains the nuances of notifying creditors and the operation of the principle of universal succession when reorganized in the form of a spin-off.

Borovtsov & Salei has many years of experience in supporting the activities of companies and is ready to provide you with the necessary assistance and advice.

On May 24, 2023, Znak Nadezhda, partner of Borovtsov & Salei, spoke at the online seminar “Working with a Russian counterparty: conclusion of an agreement, debt collection and judicial practice. Establishment of a branch in the Russian Federation”.

During the speech and answers to questions, the issues of legal regulation of foreign trade activities and foreign exchange transactions in the Russian Federation were touched upon, emphasis was placed on the features of contracts that may lead to additional obligations for Belarusian entities, the wording of certain provisions of the contracts was proposed, and recommendations were given on verification of the Russian counterparty before concluding an agreement.

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 January - March 2023.

Newsletter 2023 (Q 1) can be found here: Newsletter 2023 (Q1) from Borovtsov & Salei

China joins the Apostille Convention

China joins the Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents, that will simplify doing business with China significantly.

For China, the Apostille Convention will enter into force on November 7, 2023.