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Work +375 17 288 13 13
Fax +375 17 204 86 72
Minsk, Moscow

Valery Papakul

Work +375 17 288-13-13
Stepanovski, Papakul and partners

Work Department

Corporate Law and M&A


Valery Papakul is a partner with Attorney at Law, Managing Partner, Head of Corporate Practice. He mainly deals with Corporate compliance, Mergers & Acquisitions (M&A), Capital Markets, Banking & Finance, Project financing.  He is one of the most respected practitioners in the market and a good negotiator.


Valery Papakul has been practicing law since 1992. Before SPP he has another role of a Managing partner with Apices Juris law firm. Valery has broad experience in representation of clients’ interests in courts of the Republic of Belarus, including the International Court of Arbitration of the Belarusian Chamber of Commerce and Industry. 
Highlight cases: 
- LDD of the target companies active in banking and retail business areas in the interests of Baring Vostok Investment Fund
- Acquisition of state-owned milk products manufacturer by Food Union, including antimonopoly clearance
- Legal support of pilot project on attraction of strategic investors to state-owned companies implemented by the National Agency of Investments and Privatization supported by the World Bank

Key Clients: Danone, Mary Kay, Atos, Mars, CompatibL, Food Union, Baring Vostok


Russian, English


Valery Papakul is a member of the Minsk City Bar Association, International Bar Association (IBA)


Valery holds a law degree with honors from the Belarusian State University. Also, he obtained Executive МВА from the Leon Kazminski Academy of Entrepreneurship and Management, Warsaw, Poland.


Travelling, Kayaking


Commercial, corporate and M&A

Within: Commercial, corporate and M&A

The ‘outstanding’ team at Stepanovski, Papakul and partners has particular strength in corporate restructuring, competition law and regulatory matters. The team advised Regula on changes pertaining to its international markets expansion strategy. Valery Papakul, Valentina Ogarkova and Andrei Vashkevich are key figures.

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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.