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The political situation in Belarus at the moment is “quite challenging,” says Darya Zhuk, the Managing Partner of Cobalt’s Minsk office, referring to the fallout from the August 9 presidential election. “People have been protesting in the streets since the election,” she says, and discontent about the results of that election are being felt “deep inside every sphere of society.”

Sorainen has helped the Turkey Wealth Fund obtain approval from the Ministry of Antimonopoly Regulation and Trade of the Republic of Belarus for the acquisition of control over Belarusian Telecommunications Network CJSC, one of three Belarusian mobile network operators and a member of the Turkcell group.

“We are in the middle of dark hours of Belarusian history,” says Ann Laevskaya, Senior Associate at Sorainen in Minsk. “No one remembers COVID-19 crisis and its aftermath anymore. The nation, excited and shocked at the same time, is focused on what is happening now.”

“Politics are always challenging, in both Belarus and around the world, especially given the current state of affairs,” says Ulyana Kavalionak, Partner at BNT Attorneys in Minsk. According to Kavalionak, “even though the situation was more or less the same as everywhere else, the response of the Belarusian Government was not. We never had quarantine, and people were free to choose for themselves how they were going to tackle the pandemic.”

Sorainen has successfully represented Belomo, a Belarusian enterprise specializing in optomechanical and optoelectronic equipment, in arbitration before the International Court of Arbitration of the International Chamber of Commerce.

In The Corner Office feature of CEE Legal Matters we ask Managing Partners at leading law firms across Central and Eastern Europe about their unique roles and responsibilities. In light of current events, the question for this online occurrence of the feature is: "How are you managing your team working remotely during this challenging period?"

"The economy in Belarus has been stable for the past few years, but recently has been heavily affected by both the negative impacts of the coronavirus and a tight situation with Russia,” says Sergei Makarchuk, Partner at Cerha Hempel in Minsk. “Tensions between the two countries have really taken their toll over the past six months and a few conflicts have taken place, in most cases related to the supply of oil.”

SBH has advised Zubr Capital on the investment by its Zubr Capital Fund I in the Myfin Group, an IT platform for banking products. Revera reportedly advised Myfin Group on the transaction.

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