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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.
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Belarus > Commercial, corporate and M&A > Law firm and leading lawyer rankings


Index of tables

  1. Commercial, corporate and M&A
  2. Leading individuals: Hall of Fame
  3. Leading individuals
  4. Next generation lawyers

Leading individuals: Hall of Fame

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Leading individuals

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Next generation lawyers

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Who Represents Who

Find out which law firms are representing which Commercial, corporate and M&A 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


The team at Arzinger & Partners¬†‚Äėhas the highest level of integrity, transparency and interest in helping clients‚Äô. Maksim Slepitch¬†is the go to name for corporate matters while ‚Äėexperienced business lawyer‚Äô Dmitry Viltovsky¬†handles mergers and acquisitions. Sergey Mashonsky¬†is 'an expert in investment matters‚Äô and leads on foreign investment and PPP mandates. Recent highlights include advising Belarus-based start-up Y-Tech on its acquisition of American streaming service Yonder Music and representing MED VR, a virtual reality start-up consisting of doctors and software engineers, on structuring its corporate entity and shareholder agreements. Klim Stashevsky, who¬†is an expert in international trade and was recently promoted to partner, has¬†the ‚Äėwidest range of necessary skills‚Äô.

Lawyers at Egorov Puginsky Afanasiev & Partners¬†are ‚Äėvery well organised‚Äô and ‚Äėclient oriented‚Äô. Anna Rusetskaya¬†heads the practice, which has experience in handling the purchase and sale of shares, the acquisition of overseas assets, structuring M&A transactions in foreign jurisdictions and advising on joint venture and investment projects. Dennis Turovets and senior associate Alexander Buzo are the other key names; the duo are advising Heineken on the sale of shares in two Belarusian subsidiaries to Oasis. The team also notably acted for Nordic Aviation Capital on the leasing of five Embraer aircraft to Belavia.

REVERA is particularly active in the IT, pharmaceutical, retail, real estate and construction, telecoms and manufacturing industries. For key client Zubr Capital, the team assisted with its investment in SoftLine and also provided post-closing advice on its acquisition of automobile web-resource AV.BY. In another recent highlight, Dmitry Arkhipenko and Ekaterina Pedo acted for Silvano Fashion Group on its acquisition of Onega, a Belarus-based producer of snacks. Arkhipenko heads the team alongside Helen Mourashko.

Sorainen‚Äôs team is ‚Äėamong the strongest in Belarus‚Äô and is ‚Äėappreciated for its unique expertise, strategic approach to problem solving and commitment to identifying client needs‚Äô. Maksim Salahub, praised for his ‚Äėclear understanding of international law requirements‚Äô, recently advised Duisburger Hafen ion its acquisition of a shareholding in the managing company of the Great Stone China-Belarus Industrial Park. He is also acting for Geely International Corporation on the implementation of a foreign investment project in Belarus, consisting of a joint venture with Borisov Automotive and Tractor Electrical Equipment Plant. Salahub heads the practice with Alexey Anischenko¬†and Kiryl Apanasevich. Senior associates¬†Kirill Laptev¬†and¬†Viktoryia Mikhnevich¬†are other names to note.

Dmitry Matveev and Denis Aleinikov head the practice at Aleinikov & Partners. The group is currently advising US-based Mapbox International on the acquisition of a Belarusian start-up, which has included handling a due diligence exercise and drafting the relevant transaction documents. In another highlight, the team assisted CactusSoft LLC and its founders with its acquisition by Litussoft.

Borovtsov & Salei¬†hosts a team of ‚Äėprofessional, competent and reliable‚Äô individuals. Vassili Salei¬†leads the practice alongside Lada Maisenia¬†and Nadia Znak. The team recently advised Prudenko Investments on a potential investment into a Belarusian IT start-up and, on the advisory front, provided counsel to McDonald‚Äôs on the full range of legal issues arising from the construction and opening of new restaurants in Minsk.

CHSH Cerha Hempel Spiegelfeld Hlawati FLLC¬†has ‚Äėan experienced, highly professional and hardworking team‚Äô. Practice head Sergei Makarchuk¬†has¬†‚Äėsignificant international and local experience‚Äô and is ‚Äėextremely helpful in cross-border transactions‚Äô. He recently acted for Russia-based Knauf Gips LLC on the indirect acquisition of Belgips JSC, a prominent Belarusian manufacturer of plasterboard. In addition to mergers and acquisitions, the team is instructed on restructuring, competition and regulatory matters.

Legaltax recently advised AG Commodity on regulatory issues related to the export and import of LPG and also assisted Bryce Company Holding with an internal restructuring pertaining to real estate assets and cash flow. The team has 'a number of bright personalities’ and is headed by Roman Shpakovsky, an expert on international taxation, regulatory matters and financial practices.

SBH Law Office handles M&As, joint venture projects, corporate restructurings, legal due diligence, corporate governance and PPPs. Recent work includes acting for Amazon Corporation on issues respectively tied to employment and data protection regulations and advising the BBC on Belarussian mass media law. Alexander Bondar and Anastasiya Malakhova head the practice; the duo acted for the European Bank for Reconstruction and Development and Zubr Capital on mutual equity investments made in Mila Group.

The ‚Äėhighly professional lawyers‚Äô at Verkhovodko & Partners LLC¬†stands out for its¬† ‚Äėcreative thinking', 'effective solutions‚Äô and ‚Äėcomprehensive problem solving‚Äô. Dmitry Bokhan¬†has ‚Äėvast experience in complex and difficult tasks‚Äô, while Igor Verkhovodko¬†is ‚Äėdistinguished by his high professionalism'. The team serves as adviser to Siemens Group and recently assisted the client with revising its international ‚Äėcommercial golden rules‚Äô for compatibility in Belarus. Bokhan heads the practice together with Nina Knyazeva; they are¬†supported by senior associates Sergey Khromov¬†and Elena Hmeleva.

VMP Vlasova Mikhel & Partners fields 'a highly qualified professional team with great knowledge of local legislation’. Tatiana Emelianova leads on M&A matters while Svetlana Dashuk and Konstantin Mikhel respectively handle corporate and commercial mandates. Recent work highlights include acting for China Development Bank on the registration of its representative office in Minsk and assisting The American Jewish Joint Distribution Committee with the procedures for foreign donation provisions. Other clients include construction and telecoms companies.

Alexander Liessem heads the practice at bnt | attorneys-at-law. The team handles a broad range of commercial, corporate and M&A instructions and is particularly active in the energy, automotive, chemical, pharmaceutical and IT industries. A number of Germany-based companies make up the client roster.

Cobalt's team has expertise in the pharmaceutical, logistics and transport, alternative energy, construction and manufacturing sectors, among others. Managing partner Darya Zhuk is the key name.

Ernst & Young‚Äôs team is characterised by its ‚Äėhigh-level competence, quick responses and an ability to help' and clients have 'confidence in results‚Äô. It handles a broad range of corporate issues including new business structuring, holding company incorporation, drafting and reviewing transactions and organising shareholder meetings. Practice head Vasily Babariko¬†has 'an excellent knowledge of business problems‚Äô while senior consultant Anna Kaporovich¬†is also noted. The pair recently advised Belarusian Oil Company CJSC on a foreign trade agreement pertaining to the supply of diesel.

Natalia Anoshka heads the practice at PETERKA & PARTNERS, which has recently advised on a broad range of day-to-day corporate and commercial issues. Senior associate Elena Gritsenko is an integral member of the team and has expertise in anti-monopoly regulation and liquidation matters.

At PricewaterhouseCoopers FLLC, practice head Eugenia Chetverikova specialises in providing tax law advice to multinationals that operate commercial activities in Belarus. Among its recent workload, the team advised on PPP projects, cross-border transaction structuring and the drafting of share sale and purchase agreements.

Stepanovski, Papakul and partners is reputed for its work on regulatory matters, corporate restructuring, M&As and competition law. Key individuals include Valery Papakul, Andrei Vashkevich and Valentina Ogarkova.

Dmitry Deriugin’s team at US Invest LLC acts for a number of overseas clients, particularly those from China. In a recent highlight, the team assisted China National Electric Import & Export Corp with preparing a decree of the President of the Republic of Belarus to extend tax privileges to the client.

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Legal Developments in Belarus

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  • 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 ‚ÄúCU‚ÄĚ) of the three countries of the Eurasian Economic Community (the ‚ÄúEurAsEC‚ÄĚ) will become a reality. The CU Customs Code (the ‚ÄúCustoms Code‚ÄĚ) 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.

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