Borovtsov & Salei



Practice area

IFLR1000 Reviews

Financial and corporate

Borovtsov & Salei is known for its financial and corporate work in Belarus, and has a strong project development practice. Industry sectors where the firm has been active include banking, construction, energy and real estate.

Notably, in the banking space, the firm advised on one of the first mezzanine loans and ISDA master agreements in Belarus. Other highlights included advising one of the largest oil and gas companies on the full corporate restructuring of its business in Belarus, and assisting an American private investor on the financing for a shopping mall in Minsk.

In the project development space, the firm advised on projects in sectors such as construction, oil and gas, telecommunications and transport. Highlight deals include advising on the construction of the new production facilities of the Minsk Watch Plant, advising General Motors on launching Chevrolet and Cadillac production plants in Minsk, as well as working with Unison on starting production of the first Belarusian electric cars.

During the research period, a notable incoming saw corporate-focused senior associate, Nikolay Artemyev join from Cobalt. On the other side, senior construction associate Anastasia Akulich moved to Revera.

Notable clients that work with the firm include the European Bank for Reconstruction and Development (EBRD), McDonald’s and VTB Bank.

Client feedback

“Leading firm in Belarus. Well experienced, well connected and business oriented. Lawyers are highly professional and smooth.” – Banking, project development

“The lawyers are highly knowledgeable and business oriented. The team unites young and bright new-school lawyers educated in American and Western European law schools and trained at international firms with some of the most established names in the jurisdiction, having experience practicing law for over 25 years. The firm still focuses on advising foreign and international clients investing and doing business in Belarus. All lawyers are ethical and trustworthy.” – Banking, project finance

“Borovtsov & Salei is our qualified trusted legal partners in Belarus. We have worked with them for over ten years and are very satisfied.” – M&A