The Hi-Tech Park Supervisory Board regulates the activities of digital signs (tokens) market participants

In May 2023, the HTP Supervisory Board approved

Rules for the implementation of activities related to the provision of services for the implementation of transactions (operations) with digital signs (tokens) in the interests of other persons, as well as adjusted

Regulation on the requirements individual applicants must meet in order to register them as residents of the Hi-Tech Park.

These acts establish special requirements for participants in the digital signs (tokens) market and regulate the activities of crypto brokers.

More details in our article.

1795: changes in the List of enterprises with assets prohibited for alienation

Once again, the list of legal entities of the Republic of Belarus has been revised, in which participants (shareholders) from "unfriendly" states are prohibited from alienating their shares (shares) in authorized funds (the "List"). The new version of the List was approved by Resolution of the Council of Ministers No. 382 of June 10, 2023, comes into force on June 17, 2023 and contains 1,795 entities.

Spin-off as a form of corporate reorganization

On May 29, 2023 Znak Nadezhda, lawyer and partner of Borovtsov & Salei, spoke at the online seminar "Reorganization of legal entities: algorithm of actions, forms, case studies".

The report reveals the features and cases of applying reorganization in the form of a spin-off, gives practical recommendations on the adoption and content of a decision on reorganization, drawing up a separation balance sheet and an explanatory note to it, explains the nuances of notifying creditors and the operation of the principle of universal succession when reorganized in the form of a spin-off.

Borovtsov & Salei has many years of experience in supporting the activities of companies and is ready to provide you with the necessary assistance and advice.

Working with a Russian counterparty: practice from Borovtsov & Salei

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.

Seminar for the Association of International Pharmaceutical Manufacturers

On May 22, 2023 partner Lada Maisenia and associate Ekaterina Zhuk held a seminar on the following topic: “Informing medical and pharmaceutical workers about medicines. Changes in legislation of the Republic of Belarus”.

In the context of the stated issues recent changes to the Instruction on the procedure and conditions for informing medical and pharmaceutical workers about medicines included in the State Register of Medicines of the Republic of Belarus by representatives of medicine manufacturers (approved by the Resolution of the Ministry of Health of the Republic of Belarus dated April 17, 2015 No. 44) were clarified.