Twitter Logo Youtube Circle Icon LinkedIn Icon


The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Belarus > Banking, finance and capital markets > Law firm and leading lawyer rankings


Index of tables

  1. Banking, finance and capital markets
  2. Leading individuals
  3. Next generation lawyers

Leading individuals

  1. 1

Next generation lawyers

  1. 1

Who Represents Who

Find out which law firms are representing which Banking, finance and capital markets clients in Belarus using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact


Arzinger & Partners’ team is headed by Sergey Mashonsky, who advises on banking and investment matters and ‘combines the roles of a great lawyer and an excellent manager’. Mashonsky led a team which assisted Unibep with its entry into a multimillion-euro credit facility with Bank Gospodarstwa Krajowego. Dmitry Viltovsky handles capital markets matters and Alexander Korsak is recommended for financing. Senior associate Maksim Slepitch has deep expertise in secured debt issuances and securitisations and is ‘always eager to help’.

Egorov Puginsky Afanasiev & Partners’s team is valued for its ‘commitment, punctuality, accuracy and ability to communicate’, with managing partner Dennis Turovets noted for his ‘deep knowledge of local practice’ and ‘client-focused approach’. The team advised the joint lead managers on a sovereign Eurobonds issue for the Republic of Belarus with an aggregate value of $1.4bn. Senior associate Alexander Buzo has wide experience of projects related to financing facilities.

At VMP Vlasova Mikhel & Partners, ‘top professional’ Tatiana Emelionova heads the practice. Highlights included advising Bank Otkritie on a syndicated facility of €190m to Belagroprombank and assisting the European Bank for Reconstruction and Development (EBRD) with the provision of a €15m senior five-year loan. Associate Marina Khomich has longstanding expertise in the financial services sector and is able to draw on her previous in-house experience with Belarusian and Russian banks.

At Borovtsov & Salei, senior partner Vassili Salei assisted the International Finance Corporation (IFC) with the provision of a €10m secured loan to Rublevski, and Alexander Botian advised the same client on the conclusion of an agreement with BNB Bank designed to diversify counterparty risks on derivative instruments.

Revera’s team acted for Belarus National Biotechnological Corporation on obtaining a loan from the Export-Import Bank of China for an advanced agricultural recycling complex. Managing partner Dmitry Arkhipenko is ‘a very clear and charismatic leader’ and associate Anna Aniskevich is ‘very intelligent’. Ekaterina Pedo heads the corporate procedures sub-practice.

The ‘strong, quick and high-quality’ team at Sorainen is headed by the ‘smart, goal-oriented’ and ‘hands on’ Kiryl Apanasevich. The firm advised the EBRD as lender on loan agreements with PP Polesie and Vitebsk Sawmill Unitary Enterprise and handled the sale of shares in BNB Bank on the Belarusian Currency Stock Exchange for the IFC.

Sysouev, Bondar, Khrapoutski fields a team of ‘highly qualified specialists with huge legal experience’. The firm has acted on high-profile restructurings and refinancings for Alutech, Euroopt and Prostore, as well as advising clients on unilateral and syndicated lending arrangements. Alexander Bondar and Alexandre Khrapoutski are ‘high-level professional lawyers with great experience’.

Verkhovodko & Partners LLC’s ‘great team’ is ‘distinguished by its knowledge, ability to find non-typical solutions, time efficiency and high-quality services’. Recent projects include acting for China Development Bank on a financing matter and advising Nordic Environment Finance Corporation (NEFCO) on a credit line for investments relating to electric vehicles. Nina Knyazeva and Irina Veremeichuk are ‘very experienced, with great practical skills’.

The ‘reliable, authoritative and rapid’ team at Aleinikov & Partners is assisting Promsvyazbank with various matters including loan extensions to Mozyr Oil Refinery and a guarantee under a loan agreement with Belkabeloptik. Dmitry Matveyev heads the team.

Cobalt’s banking, finance and capital markets offering is headed by managing partner Darya Zhuk. Highlights included advising Swedfund International and NEFCO on refinancing existing loans provided to Vireo Energy and assisting BPM Capital with mezzanine financing provided to Eskaro Group.

Stepanovski, Papakul and partners has handled project and trade credit loan financing matters for Scania Credit and advised Mark Formelle on its entry into a senior loan facility to finance retail expansion in Belarus. Sviatlana Valuyeva and Dmitry Kovalchik are key figures.

International comparative guides

Giving the in-house community greater insight to the law and regulations in different jurisdictions.

Select Practice Area

GC Powerlist -

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