Prohibition of reorganization

On October 31, 2022 Decree of the President of Belarus No. 386 was signed. It established additional restrictions in relation to actions of legal entities (their participants), included in the list of legal entities of the Republic of Belarus, participants (shareholders) of which are persons from "unfriendly" countries. Such a list was previously approved by the Government.

The following actions were forbidden:

reorganization of a legal entity of the Republic of Belarus, included in the list,

exit from such a legal entity by a participant that is a person from an "unfriendly" country.

These provisions came into force on November 1, 2022.