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.

15 days after the adoption of the Resolution of the Council of Ministers of the Republic of Belarus dated 06.10.2022 No. 669 "On temporary measures to stabilize prices" was terminated. From 20.10.2022, the norms of the Resolution of the Council of Ministers of the Republic of Belarus No. 713 dated October 19, 2022 "On the price regulation system" are applied.

The document approved a list of consumer goods from 370 items for which pricing restrictions are set. Services and works are not subject to the regulation of this resolution.