Sorainen Belarus office acted as legal counsel for the European Fund for Southeast Europe (EFSE), the world’s largest microfinance investment fund, on signing a senior loan agreement with Belgazprombank enabling Belgazprombank to borrow USD 30 million from EFSE to expand its housing finance operations and increase lending to micro- and small businesses in Belarus. The […]
Sorainen Belarus acted as local counsel for International Finance Corporation (IFC) on an extension of a USD 5 million loan to Belarusky Narodny Bank for small- to medium-sized enterprise (SME) finance. This financing complements a recent purchase of equity in the bank, also now the first bank in Belarus to which IFC is making loan […]
Sorainen Belarus acted as local counsel for International Finance Corporation (IFC) in its acquisition of a 19.99% stake in Belarusky Narodny Bank for USD 8.2 million (approx EUR 5.9 million). Belarusky Narodny Bank is a commercial bank controlled by the Bank of Georgia. The Sorainen team was involved in structuring the transaction and commenting on […]
Sorainen Belarus acted as local counsel for Czech Export Bank (CEB) in a project financing transaction. CEB provided a facility of EUR 10.8 million to Belarusian state owned enterprise Grodnoenergo to purchase technological equipment from Czech producer Mavel for construction of a hydro power station in Grodno. The Sorainen team was tasked with drafting security […]
Sorainen Belarus provided full scope advice in connection with Algol Chemicals‘ entry to the Belarusian market. Services included “turn-key” registration of the Algol subsidiary in Belarus, advice on employment, financing matters and issues related to building a local distribution network. Algol Chemicals offers a wide range of chemicals for industry in Finland, Scandinavia, Estonia, Latvia, […]
