IFLR 1000
The Guide to the World's Leading Financial Law Firms

	Egorov Puginsky Afanasiev & Partners Sorainen Vlasova Mikhel & Partners
	Borovtsov & Salei Businessconsult Stepanovski Papakul & Partners
	Arzinger & Partners Cerha Hempel Spiegelfeld Hlawati
	Glimstedt Law Group Argument Trust Law Group
	Company Legal Technologies JurZnak Revera Consulting Group

This local firm continues to quietly go about its work and build its reputation, maintaining a steady second tier position this year having been kept busy by a healthy stream of work acting opposite the Belarusian government. "They are very strong in litigation," comments one partner, but the firm's record for this year shows a diversity of deals.... [more]

This local firm continues to quietly go about its work and build its reputation, maintaining a steady second tier position this year having been kept busy by a healthy stream of work acting opposite the Belarusian government. "They are very strong in litigation," comments one partner, but the firm's record for this year shows a diversity of deals.

One mandate is particularly interesting, as it entailed putting the legislative framework in place to carry out the transaction as it was going along, a bit like trying to paint a wall as you are putting the bricks in place. The firm advised Zavod Vinogradnykh Vin Dionis on a $15 million investment project for leisure developments.

Another pioneering deal was the team's advice to Belmorflot on a further investment project which will give Belarus its first private national sea carrier company. As well as handling the foreign investors' input into this agreement the firm also assisted with the sale of the controlling stake in the company to the Belarusian state, which required some nimble communications work. Upon completion, the deal is expected to be worth almost $70 million, and the company's maiden voyage to Brazil set off in January this year.

Businessconsult also stuck to its strategy of becoming a more internationally-focused firm, handling another unique deal from an outside investor. In this case a Cypriot client was advised in relation to the development of a brand-new five-star hotel in Belarus, an investment that could top the $90 million mark.

Ever-present on these deals were leading lawyers Igor Verkhovodko and Dmitry Bokhan, who are well spoken of in the market, with Timour Sysouev leading the Belmorflot team.

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