Seminar from Borovtsov & Salei for the Association of International Pharmaceutical Manufacturers
On November 1, 2023, partner Lada Maisenya and senior lawyer Lyudmila Matyunova held a seminar “Changes to the Labor Code of the Republic of Belarus. New responsibilities and opportunities".
On October 22, 2023 the provisions of Edict of the President of the Republic of Belarus No. 326 of October 19, 2023 (hereinafter - Edict No. 326) come into force.
Edict No. 326 establishes new rules - alienation of assets (shares in authorized capital, shares, real estate) by persons from "unfriendly" states (hereinafter - foreign persons), - withdrawal of a foreign person from the membership of participants, - reorganization of legal entities whose participants are foreign persons.
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.
The Law No. 273-Z of June 29, 2023 introduced amendments to the legislation regulating labor relations, including Labor Code. The changes will come into force on January 1, 2024. However, it already require attention of employers to optimize the company's work and use the new opportunities for building labor relations with employees.
Read more about it in our publication.
Borovtsov & Salei has many years of experience in advising on labor relations. We are ready to provide legal support in updating local legal acts of the employer, expertise of existing employment contracts, development of new contracts and other issues.
On October 01, 2023 the new edition of the Instruction on registration of currency contracts by residents will come into force
Read more about it in our publication.
Attention: Entry into force of this normative document requires examination of previously concluded currency agreements as well.
Borovtsov & Salei has many years of experience in this area and ready to provide the necessary assistance and advice.