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 transaction documents in the light of mandatory Belarusian legislation, advised on local securities and tax regulations and issued a legal opinion on the validity and enforceability of the transaction documents. IFC was advised by partners Kiryl Apanasevich, Alexey Anischenko and associate Ann Valchok.