On 28 April 2015 GRATA International in pursuit of its expansion strategy to become a global law firm signed Memorandum of Understanding and Cooperation with Arzinger & Рartners, one of the leading law firms in Belarus. Cooperation with Belarus legal practice will provide GRATA International clients with comprehensive legal support in Belarus and other countries where Arzinger & Рartners has presence. The parties will put all efforts to integrate all processes and extensive expertise of both teams.
Arzinger & Рartners brief profile: Arzinger & Рartners was established in 1990 in Germany. Over time company’s offices were established in other countries such as Czech Republic, Slovakia, Hungary, Russia, Ukraine. In Belarus Arzinger & Partners opened its office in 2006 and became the first international law firm entering the Belarusian market of legal services. Arzinger & Рartners is one of the leading full service law firm in Belarus with focus on international investors in the area of energy, oil processing, telecommunications and construction. Arzinger & Partners is highly ranked by the international ratings such as Chambers Europe, Chambers Global, Legal 500, IFLR1000, Who's who legal, Corporate INTL.
Sergei Mashonski, Managing Partner, Arzinger & Рartners:
“The cooperation is an important step in the development of our firms. Such integration is a logical step forward in view of strengthening of various associations in the CIS countries, including the EurAsEC (Eurasian Economic Community). Our association is not limited to the post-Soviet countries and taking into account the experience of Arzinger & Partners in working with European companies, together we intend to expand our geographical presence in other countries as well.”
169 Nezavisimosti Ave., suite 304C, Minsk, Belarus, 220114
+375 17 218 1055
- Investment Activities
- Banking and Finance Law
- Real Estate and Construction
- Corporate Law / M&A / Privatization
- Dispute Resolution and Litigation
- Intellectual Property
- Antitrust and Competition
- Employment and Labour Law
|Sergey Mashonsky||Senior Partner – Coordinator||Minsk||Inquire|
|Alexander Korsak||Head of Dispute resolution practice in Belarus||Minsk||Inquire|
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In 2017 the International Federation of Consulting Engineers has introduced major amendments to FIDIC 1999 Yellow, Red and Silver Books which have been in use in the construction industry for almost twenty years.
On October 12, 2018 a new edition of the Rules of Carrying Passengers, approved by the Resolution of the Council of Ministers of the Republic of Belarus dated 31.08.2018 No. 636, shall enter into force. Carriers and dispatchers will receive additional obligations.
Amendments were made to the Instruction on Regulation of Prices of Goods (Works, Services) of Legal Entities and Individual Entrepreneurs included in the State Register of Business Entities Taking Dominating Positions on Market of the Republic of Belarus.
Amendments concern business operations relating to performance of works, rendering services and lease relations.
While rendering services, which results the customer can use during the term of the agreement, the date of completing this business operation shall be:
last calendar day of each month of provision of services and the last day of provision of services – if the term of the agreement exceeds one month;
last calendar day of the month, when provision of services is started, and (or) the day of completing of provision of services – if the term of the agreement does not exceed one month.
Land relations can be a crucial issue for foreign investors considering whether or not to start a business in a particular country. Let us provide you with a summary of land legislation of Belarus and the opportunities it offers for business.
Edict of the President waived the requirement for legal entities and individual entrepreneurs – residents of Belarus – to sale its foreign currency earnings in the domestic foreign exchange market starting from August 4.
Starting from July 23, 2018 Law of the Republic of Belarus No. 52-Z dated 17.07.2017 “On Investment Funds” entered into force, and a new mechanism of attracting investments emerged in Belarus – investment funds.
Good news for foreign guests and partners – possible stay period in Belarus without visa has been extended to 30 days! This preference is available for foreigners in case of entry into the state and subsequent exit across the state border via Minsk National Airport.
On 5-7 September 2018, a IBA Europe-Caucasus-Asia Forum 2018 will be held in Almaty.
On 17 July 2018, the Board of the Eurasian Economic Commission (EEС) adopted the following acts aimed at regulation of the general market of medicines in the Eurasian Economic Union (EAEU):
On 21 December 2017 Alexander Lukashenko signed the Decree which significantly improves the conditions for residents of the High-Tech Park and makes our country much more competitive in terms of creation of a modern digital economy. The provisions of the Decree came into force on 28 March 2018.
The document establishes that legal entities in Belarus have the right to own any tokens (including crypto-currencies), store tokens in the virtual wallets, exchange tokens for one another or for fiat money. Belarusian legal entities now have a unique opportunity to create and place their own tokens in the Republic of Belarus and abroad via crypto platform operators and crypto currency exchange operators(such operators must be registered as High-Tech Park residents).
The changes prescribed by the decision of the Council of Ministers on 31 January 2018 came into force 10 February 2018.
In particular, new regulation changed the basic documents: Charter of the “Administration” of “Great Stone” as well as the Regulation on Chinese-Belarusian Industrial Park “Great Stone”.
On 29 January 2018 the Management Board of the National Bank introduced a number of changes to the Instruction on the bank transfer.
Among the most important changes is cancellation of requirement to put a seal on settlement and other documents.
Also an entirely new kind of bank transfers - direct debiting of the account was introduced. The procedure for the initiation of payment by using direct debit of the account is the following. A beneficiary through the service bank provides payment request stating the acceptance of a unique number and then enters the payment system through the service requirements of the bank. If the corresponding system accepts number, the funds are debited automatically from the payer to the beneficiary.
On 14 February 2018 the refinancing rate of the National Bank was reduced from 11% and now stands at 10.5%.
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