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 July - September 2023.
Newsletter 2023 (Q 3) can be found here: Newsletter 2023 (Q3) from Borovtsov & Salei.
Edict of the President No. 285 of September 13, 2023 "On Special Accounts" regulates the procedure for receipt of distributed profits (dividends) by foreign participants when applying special restrictive measures. Restrictions on the use of funds in special accounts have been introduced.
Effective date – September 16, 2023.
Important: Edict No. 285 determines the procedure for the functioning of special accounts opened in case of application of a special restrictive measure. Such a special restrictive measure is introduced by a decision of the Council of Ministers of Belarus in the form of Resolution.
Read more about it in our publication.
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 April - June 2023.
Newsletter 2023 (Q 2) can be found here: Newsletter 2023 (Q2) from Borovtsov & Salei.
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.
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.