On May 24, 2023, Znak Nadezhda, partner of Borovtsov & Salei, spoke at the online seminar “Working with a Russian counterparty: conclusion of an agreement, debt collection and judicial practice. Establishment of a branch in the Russian Federation”.

During the speech and answers to questions, the issues of legal regulation of foreign trade activities and foreign exchange transactions in the Russian Federation were touched upon, emphasis was placed on the features of contracts that may lead to additional obligations for Belarusian entities, the wording of certain provisions of the contracts was proposed, and recommendations were given on verification of the Russian counterparty before concluding an agreement.

We are pleased to present you the quarterly Newsletter, traditionally prepared by Borovtsov & Salei team, in which we pointed out the most significant, in our opinion, legislative changes for business in Belarus for the period of January - March 2023.

Newsletter 2023 (Q 1) can be found here: Newsletter 2023 (Q1) from Borovtsov & Salei

China joins the Apostille Convention

China joins the Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents, that will simplify doing business with China significantly.

For China, the Apostille Convention will enter into force on November 7, 2023.

15 days after the adoption of the Resolution of the Council of Ministers of the Republic of Belarus dated 06.10.2022 No. 669 "On temporary measures to stabilize prices" was terminated. From 20.10.2022, the norms of the Resolution of the Council of Ministers of the Republic of Belarus No. 713 dated October 19, 2022 "On the price regulation system" are applied.

The document approved a list of consumer goods from 370 items for which pricing restrictions are set. Services and works are not subject to the regulation of this resolution.

Borovtsov & Salei advises European Bank for Reconstruction and Development on the first Mezzanine Loan in Belarus.