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On 5 March, the European Court of Justice delivered a judgment that found the sales tax imposed from 1 June 2010 to 31 December 2011 in Tallinn, Estonia, to be a violation of EU law and the excise duty directive. This means that illegally collected sales tax must be returned to companies, with interest. Our […]
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Sorainen is advising Dana Holdings, a leading international, fully integrated real estate, investment, and development group of companies, in connection with implementation of the landmark Minsk World development project in the Belarusian capital, Minsk. To date, this is the largest project of its kind, regulated by special decree of the President of Belarus and aimed […]
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Deals & Cases / Maksim Salahub, Alexey Anischenko, Maria Rodich, Viktoryia Mikhnevich
Manuli Rubber Industries, an international group based in Italy and specializing in design, production and distribution of reinforced rubber for various industries, has launched a joint venture in Belarus with Belarusian Steel Works (BMZ) and the Legmash Plant, under the auspices of the Industry Ministry. The plant, located in Orsha (Vitebsk Oblast), officially opened on […]
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Sorainen Belarus advised Idea Bank, a member of Polish financial group Getin Holding, on its acquisition of Azimut, a business centre located in central Minsk with a total area of over 9,000 square metres. Azimut was put into operation in 2011 and leased to a number of tenants, including the Polish Embassy in Belarus. Since […]
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Deals & Cases / Maksim Salahub, Ann Laevskaya, Viktoryia Mikhnevich
Sorainen Belarus advised Bank of Moscow, a member of Russia’s VTB Group, on the sale of its Belarusian subsidiary, Bank Moscow-Minsk, to the Belarusian state. The state was represented in the transaction by the National Bank of Belarus and government-owned Paritetbank, which respectively acquired 99.75 % and 0.25 % shares in the target bank. The […]
