Firm Profile > Stepanovski, Papakul and partners > Minsk, Belarus

Stepanovski, Papakul and partners
220029 MINSK

Commercial, corporate and M&A Tier 2

An 'exceptionally knowledgeable' and diverse offering differentiates Stepanovski, Papakul and partners; the department comprises a large number of highly specialised practitioners. Valentina Komova leads on restructuring work; Anton Navitski focuses on competition and antitrust issues; Kate Semianiuk is the name to note for M&A and investments; general corporate matters fall under the ambit of Valery Papakul; and Elena Sapego oversees commercial mandates. Key sectors of expertise include industry, retail, energy and construction, and the team also regularly handles pro bono work with social significance.

Practice head(s):

Valery Papakul; Valentina Komova; Anton Navitski; Elena Sapego; Kate Semianiuk


‘The team is exceptionally knowledgeable, very professional, easy to work with, accessible at any time when needed.’

Key clients

MACE Group

Kvitki Bel

Belgruzavtotrans TEP LLC

Regula Ltd

Himalaya Herbals Transatlantic International


Dispute resolution Tier 2

Stepanovski, Papakul and partners handles a broad range of commercial litigation for clients in the transport, construction, IT and mining sectors. Counsel Alexadner Lobaty takes the lead on contentious commercial work, and ensures the firm maintains its reputation for acting successfully in disputes between CEOs and major companies. Senior attorney Dmitry Semashko leads the international arbitration group, and focuses on administrative law and international trade issues.

Practice head(s):

Alexander Lobaty

Other key lawyers:

Dmitry Semashko

Key clients

Lesohimik LLC

Belarusian-American Joint Company “BEVALEX” LLC

A.M. Buhanov

TopSoft LLC

Soligorsk Institute of Resources Saving Problems with Pilot Production JSC

Volokh Ilya

Ram Global LLC

Polymya Agro LLC

Banking, finance and capital markets Tier 3

Global financial institutions turn to the team at Stepanovski, Papakul and partners for assistance with loan repayment obligations, project finance arrangements, and regulatory issues. Valery Papakul has considerable experience in developing investment agreements with the Republic of Belarus, as well as advising on amendments to the law around investments. Sviatlana Valuyeva has a wide practice with a particular focus on structured secured loans.

Practice head(s):

Valery Papakul; Sviatlana Valuyeva


Very cooperative.

Key clients

Gazprombank AO

Commerzbank AG

European Bank for Reconstruction and Development

Promsvyazbank JSC

Bizzozero and partners

Rietumu Bank JSC

Expobank LLC

Scania Credit AB

International Financial Corporation (World Bank) (IFC)

Real estate and construction Tier 3

Practitioners at Stepanovski, Papakul and partners bring a 'complex approach' to the transactional work which is the cornerstone of its practice; it counts developers, engineering, architecture and construction companies, international financial organisations, and private entities as key clients which it advises on acquiring real estate properties. Practice head Dmitry Kovalchik is noted for his 'strong negotiation skills' and his ability to 'make a strategic decision'. Attorney Yaraslau Halenchyk is 'always ready to offer a practical solution'.

Practice head(s):

Dmitry Kovalchik

Other key lawyers:

Yaraslau Halenchyk


‘Attorneys of the practice use a complex approach to each project or transaction and are ready to offer the most effective and safe solution in each case. Their advice is always business-oriented and covers all tax and legal aspects.’

‘Dmitry Kovalchik has strong negotiation skills and a wealth of expertise in the real estate sector. Dmitry is a person that you can always call if you need to make a strategic decision on a real estate transaction or investment.’

‘Yaraslau Halenchyk is stress-resistant, responsible and is always ready to offer a practical solution.’

Key clients


Leroy Merlin


Rietumu Bank


European Bank for Reconstruction and Development

Synevo / Medicover


Gold Apple

Sumato Soft

IT Rex

The firm: Founded in 2006 in Minsk, Stepanovski, Papakul and partners is currently one of the largest and most prosperous law companies in Belarus. SPP provides legal support to clients engaged in business activities such as banking and finance, construction, telecommunications, pharmaceuticals, retail chains, etc. The team of Stepanovski, Papakul and partners is constantly increasing, now comprising four partners and 20 lawyers.

Areas of practice
Corporate/M&A: advising on acquisition of control over one of the largest projects in renewable energy; advising on a potential acquisition by a foreign investor of the controlling stake in a footwear company; advising on the sale of the controlling stake of a milk processing plant; advising a Russian technical carbon producer on a €100m investment; acting as a legal adviser in a team of experts for Belarusbank to develop the strategy and attract investors for a non-controlling stake; legal due diligence of target companies doing business in the spheres of mining, retail and banking for the purpose of further M&A transactions; registration of subsidiaries of foreign companies with a specific status and residents of the China-Belarus Industrial Park Great Stone.

Dispute resolution: advised on a $3m cross-border corporate dispute related to a division of the asset of the joint venture; a cross-border dispute on compensation of damages amounting to more than $2m caused by production defects in railway cars; an out-of-court settlement of the cross-border dispute on repayment of the debt of a Belarusian company totalling more than €2m; protection of interests of a joint venture in a case of creditors for bankruptcy with a total debt of more than $1.2m; protection of interests of a foreign company in the bankruptcy case of a Belarusian debtor, the debtor did not recognise a debt of more than €900,000.

Tax: tax structuring in the interests of clients in various business spheres in Belarus; tax advice on construction and operation of alternative energy facilities and other manufacturers; tax advice concerning payment of indirect taxes in customs union.

Banking and finance/project finance: engagement in research of a country manual for a bank as an international financial organisation, including analysis of Belarusian financial regulations focusing on international financial organisation; participation as an external consultant in more than 40 investment projects including multi-step structured finance projects for the last four years; acting as a ‘full circle’ legal adviser and supporter of the international leasing projects for Scania AB in Belarus; acting as a ‘full circle’ legal adviser and supporter of the lending projects of JSC ‘Rietumu Banka’ in Belarus.

Intellectual property: performance of Microsoft software anti-piracy enforcement; engagement into Mir TM (Museum, UNESCO World Heritage) protection strategy development and appearance of the museum, protection and enforcement; cancellation of unfair competition caused by the pirate MECMAR TM registration; full assistance of trade mark inclusion in the custody register, representation of client’s interests in custody and judicial bodies performing administrative procedures during coming in of counterfeit products.

Competition and antitrust: advising companies that develop and use technology applications for matching riders and drivers on the issues of merger control; advising a defendant, a foreign pharmaceutical company, in investigation conducted after complaint of the local competitor and related to unfair competition and abuse of dominance and successful representation of his interests before the antimonopoly authority; successful representation of a client’s interests before the antimonopoly authority in the case related to abuse of dominance by the national telecommunication operator.

Department Name Email Telephone
Administrative Dmitry Semashko
Advertising and marketing Tatiana Ignatovskaya
IT/IP Nadya Hadanovich
Alternative dispute resolution Alexander Stepanovski
Alternative dispute resolution Olga Obsekova
Banking and finance Sviatlana Valuyeva
Capital markets Irina Anop
Capital markets Katsiaryna Semianiuk
Commercial Sergey Chistyakov
Commercial Alexey Korol
Competition and antitrust Tatiana Ignatovskaya
Competition and antitrust Katsiaryna Semianiuk
Corporate Katsiaryna Semianiuk
Corporate Maksim Kosachev
Customs and international trade Sergey Chistyakov
Dispute resolution Olga Obsekova
Dispute resolution Alexander Lobaty
Family/matrimonial Alexander Stepanovski
Insolvency Valery Papakul
Insolvency Maksim Kosachev
IT/IP Sviatlana Valuyeva
Employment and migration Valentina Ogarkova
Employment and migration Oksana Puchkovskaya
Mergers and acquisitions (M&A) Valery Papakul
Mergers and acquisitions (M&A) Maksim Kosachev
Real estate and construction Dmitry Kovalchik
Tax Elena Sapego
Tax Sergey Chistyakov
Photo Name Position Profile
Mr Andrei Vashkevich  photo Mr Andrei Vashkevich Andrei Vashkevich was a partner at Attorneys at Law Stepanovski, Papakul & partners…
Number of lawyers : 20