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.

The Council of Ministers of the Republic of Belarus by Resolution No. 209 of 06.04.2022 (effective from 08.04.2022) determined the list of foreign states committing unfriendly acts against Belarusian legal entities and (or) individuals.

Congratulations to our client, SEW-Eurodrive (an international German concern, one of the leading manufacturers of electric drive equipment on the world market), on the completion of construction and commissioning in December 2021 of the plant (one of the most innovative in the region) on the territory of the FEZ "Minsk".