The Legal 500

Belarus

Editorial sections

Index of tables

  1. Legal market overview
  2. Leading individuals

Leading individuals

Egorov Puginsky Afanasiev & Partners’ corporate head Anna Rusetskaya and managing partner Dennis Turovets are part of a working group of legal advisers acting for the Belarusian Ministry of Economy on a pilot privatisation project. Other work included acting for Exide Technologies on a joint venture project in Belarus and advising the EBRD on the financing of a technology park in Minsk. Corporate, finance and capital markets are core elements of the practice.

Baltic firm Sorainen draws on its ‘very good knowledge of the local market’ to deliver ‘advice that is straight to the point and addresses all the key issues’. Maksim Salahub and Kiryl Apanasevich acted as local counsel to Rosbank in its sale of shares in Belrosbank to Alfa-Bank. The firm recently hired two new special counsel and a number of associates, taking its tally of lawyers to 19.

Stepanovski, Papakul and Partners’ impressive client roster includes household names such as British American Tobacco, Danone and Harley-Davidson. Alexander Stepanovski heads the five-partner office, which provides a comprehensive service.

Vlasova Mikhel & Partners Law Firm is praised for its ‘proactive and result-oriented approach’. Among recent matters, head of banking and finance Tatiana Emelianova acted for Alfa-Bank during its €25m acquisition of Belrosbank, and managing partner Konstantin Mikhel has been advising GCM Global Energy plc on the construction of an ore mining and processing plant. Liliya Vlasova heads the mediation practice.

‘Aleinikov & Partners’ law firm’s practice covers corporate and finance matters as well as dispute resolution. Denis Aleinikov is praised for his ‘proactive approach and ability to provide useful advice in a prompt manner’, and Dmitry Matveyev is ‘an excellent lawyer with a highly developed talent for finding practical solutions to difficult issues’.

Borovtsov & Salei’s four-partner team regularly receives referrals from leading international law firms across a wide range of matters including antitrust, banking and finance, and corporate law. Founding partners Valentin Borovtsov and Vassili Salei are key contacts.

CHSH Cerha Hempel Spiegelfeld Hlawati almost exclusively acts for international clients with interests in Belarus. Recent mandates include advising Deere & Company on a joint venture with a Belarusian manufacturer of agricultural machinery, and advising Monster Energy on structuring its distribution system. Managing partner Sergei Makarchuk is a key contact.

Revera Consulting Group’s 25-strong team advises domestic and international clients on their Belarusian business interests, and works closely with governmental institutions on various legal and commercial matters. The firm has created a new advocacy bureau, through which it handles contentious matters. Managing partner Dmitry Arkhipenko is recommended.

Sysouev, Bondar, Khrapoutski works to ‘high international standards’. Timour Sysouev is ‘extremely good in litigation and arbitration’, Alexander Bondar is ‘a top professional in real estate and M&A’, and Alexandre Khrapoutski has ‘the ability to provide practical and timely feedback’.

Verkhovodko & Partners LLC’s lawyers ‘have a vast wealth of expertise and professional skills’, which they put to use for a client base that includes Gazprom, Turkish company EMSAS, and a state-owned nuclear power company. Igor Verkhovodko, Dmitry Bokhan and litigator Igor Petukhov are recommended.

Archer Legal is ‘highly recommended in corporate and commercial matters’, where Oksana Batsanova is ‘creative, responsive, knowledgeable and practical’. Managing partner Ivan Martynov is ‘a good negotiator’, who is representing a British investor in a $7m real estate dispute.

Arzinger & Partners represents high-profile clients such as Zara, AKA Bank and the Belarusian Oil Company across corporate, commercial and litigation matters. Sergey Mashonsky, head of corporate Dmitry Viltovsky and head of dispute resolution Alexander Korsak are the key figures.

bnt attorneys-at-law’s client base is almost exclusively international in nature. German qualified managing partner Alexander Liessem is ‘a very good corporate lawyer’ with ‘excellent analytical and structuring skills’.

Ernst & Young has ‘sound knowledge in the field of taxation and finance’. Clients include Coca-Cola, Kraft Foods, and the Belarusian Ministry of Economy. Managing partner Andrei Chumakov is highly recommended.

Glimstedt Law Firm meets ‘high standards of performance’. Managing partner Vitaly Kachelya is praised for his customer service, versatility and ‘good knowledge of local and international legislation’.

Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Belarus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Formation of the Customs Union of Russia, Belarus and Kazakhstan

    Russia, Belarus, and Kazakhstan will adopt new unified customs tariff and non-tariff regulations from January 1, 2010, and the Customs Union (the “CU”) of the three countries of the Eurasian Economic Community (the “EurAsEC”) will become a reality. The CU Customs Code (the “Customs Code”) is expected to take effect from July 1, 2010 to regulate the resulting integral customs zone.
  • Belarus Amends its Investment Legislation

    On 6 August 2009, the President of the Republic of Belarus signed Decree No. 10 On the Creation of Additional Conditions for Investing in Belarus. An investment contract is one of the ways of investing in the Republic of Belarus and enables an investor to obtain State support for an investment project and a waiver of sovereign immunity from suits, cautionary judgments, and enforcement of judgments and/or arbitration awards. Decree No. 10 introduces a new procedure for entering into investment contracts. It allows investors to be granted preferences and privileges under investment contracts, in addition to those granted under existing legislation, and also regulates the privileges to be granted to investors automatically upon execution of investment contracts.
  • Belarus Trademark Law Amended

    On July 15, 2009 Belarus passed the Law on the Introduction of Amendments to the Law of Republic of Belarus on Trademarks and Service Marks, which comes into force on January 25, 2010. The rationale behind the amendments is to bring Belarusian law in line with European countries’ laws - to facilitate eventual accession of the country to the WTO, and also to reflect new developments in case law.

Press Releases worldwide

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to
  • Exempted Limited Partnership Law, 2014

    The Exempted Limited Partnership Law, 2014 (the New ELP Law ) has replaced the Exempted Limited Partnership Law (2013 Revision) (the Previous Law ). The New Law includes significant changes to the Cayman Islands' statutory framework regulating exempted limited partnerships ( ELPs ) that will increase the attractiveness of ELPs and will be appreciated by managers, investors and creditors alike. Private equity sponsors in particular will notice substantial improvements that are indicative of Cayman's continuing commitment to balanced and commercially sensible legislation. Read more...
  • Restructuring and insolvency in Luxembourg (part 2)

    RESTRUCTURING - COURT PROCEDURES
  • Enhancements to the Companies (Jersey) Law 1991

    On 23 May 2014, the States of Jersey passed the Companies (Amendment No. 11) (Jersey) Law 201- (the Amendment Law ).  This will now be sent to the UK Privy Council for consideration, then laid before the States of Jersey for a final time before coming into force.  The latest information we have is that the Privy Council will be approving the law on 19 July 2014 and it may come into effect as soon as 4 August 2014.
  • Joost Fanoy appointed partner at BarentsKrans

    The Hague, 4 July 2014 - BarentsKrans has appointed Joost Fanoy as a partner in the Antitrust & Public Procurement department, effective as of July 1, 2014. Joost specializes in European law in general with a particular focus on European and Dutch competition, public procurement and state aid law and is the head of the Antitrust and Public Procurement Practice Group. Joost is also a member of the Cartel damages team of BarentsKrans.
  • PineBridge Acquires 50% Stake in Romatem

    PineBridge Investments Middle East, a global multi-asset class investment manager with regional headquarters in Bahrain, and nearly 60 years of experience in emerging and developed markets, has acquired a 50% equity stake in Romatem, the leading physical therapy and rehabilitation services chain in Turkey.
    - Paksoy
  • Isbank Issued USD 750 Million Notes

    Isbank issued 750 million USD notes under its GMTN programme established in 2013. The notes are listed on the Irish Stock Exchange and bear interest at the rate of 5 % with a maturity date 2021. Mr. Omer Collak (partner) and Mr. Baris Kencebay (head of tax practice) have acted for the joint lead managers Barclays, Citigroup, HSBC, National Bank of Abu Dhabi and The Royal Bank of Scotland.
    - Paksoy
  • Halkbank Issued USD 500 Million Notes

    Halkbank issued five-year term fixed interest rate US currency notes, with a total amount of USD 500 million  with an interest rate of 4.765 %  and an annual coupon rate of 4.750 %. The notes offered the lowest borrowing rate in the first five-month period of 2014, and total demand rose nearly nine-fold due to high investor interest. The note issuance drew great interest from international investors settled in the Middle East and Asia, as well as those investors based in the US and Europe. Mr Omer Collak (partner) and Mr Baris Kencebay (head of tax practice) have advised the joint lead managers.
    - Paksoy
  • Turkiye Finans to Issue Ringgit Sukuk to Raise Up to MYR 3 Billion In Malaysia

    Turkiye Finans issued the first ringgit sukuk originating from Turkey. The bank initially raised MYR 1 billion with a five-year commodity sukuk on June 30, with an annual return of 6 %. The sukuk under the programme will have tenure of one to 20 years. Funds raised will go towards general corporate purposes. The sukuk will be issued through TF Varlik Kiralama A.S., a wholly-owned subsidiary of Turkiye Finans. Malaysia's RAM Ratings has accorded the programme an indicative long-term rating of AA3. HSBC Amanah Malaysia and Standard Chartered Saadiq were the joint advisers. Mr Omer Collak (partner) and Mr Baris Kencebay (head of tax practice) have advised Turkiye Finans and the issuer TF Varlik Kiralama A.S.
    - Paksoy
  • Ziraat Bank Established GMTN Programme to Issue Bonds Worth USD 2 Billion

    Ziraat Bank, the largest state owned bank of Turkey, established GMTN programme on 21 May 2014, for the notes to be issued up to  USD 2 billion listed on Irish Stock Exchange. The notes are unconditional, unsubordinated and unsecured obligations, and rank  pari-passu with Ziraat Bank's other senior unsecured obligations.
    - Paksoy
  • Vakifbank Sells EUR 500 Million Notes Under USD 5 Billion GMTN Programme

    Vakifbank issued EUR 500 million 5-year unsecured and unsubordinated notes under the first GMTN programme of Turkey established in 2013. The notes are listed on Irish Stock Exchange and bear interest at the rate of 3.5 % p.a. with a maturity date 17 June 2019. This is the very first EUR denominated RegS offering of a Turkish entity.
    - Paksoy