The beginning of the year was marked by the adoption of three emergency laws as a "response to existing threats to the national interests of the Republic of Belarus in the regime of special restrictive measures":

Law “On seizure of property”;

Law “On issues concerning transfer under temporary external control”;

Law “On the limitation of exclusive rights to intellectual property objects”.

Effective January 17, 2023.

On December 22, 2022, partner Znak Nadezhda took part in online seminar on the topic “Currency agreement and non-monetary termination of obligations under foreign trade agreement”.

The speech paid attention to practical difficulties in concluding and executing foreign trade contracts, explained the differences and cases of assignment of a claim, transfer of debt, execution by a third party and execution in favor of a third party.

Article of Borovtsov & Salei: How to choose optimal organizational and legal form of doing business, taking into account specifics of Belarusian legislation. For comparison, the most common forms of doing business are closed joint-stock company (CJSC), limited liability company (LLC), private unitary enterprise (PUE).

Choice of optimal form of doing business is indispensably related to effectiveness of its activities and should be based on comprehensive assessment of systematically processed advantages and disadvantages of each of the forms.

On October 31, 2022 Decree of the President of Belarus No. 386 was signed. It established additional restrictions in relation to actions of legal entities (their participants), included in the list of legal entities of the Republic of Belarus, participants (shareholders) of which are persons from "unfriendly" countries. Such a list was previously approved by the Government.

Partner Nadezhda Znak, as an expert, took part in X Belarusian Forum of Corporate Lawyers, which took place on October 28, 2022.

Within the block “Foreign economic activities: changes from September 1. Difficult issues” the following aspects were discussed: non-ordinary issues arising in connection with the procedure for execution of foreign trade agreements; specifics of debt release within import and export transactions; problems of debt transfer, assignment of claims and set-off under foreign trade agreements.