Law
Firm

Blockchain

Aleinikov & Partners law firm is a developer of the first legal act in the CIS that regulated circulation of cryptocurrencies and other digital assets (Decree of the President of the Republic of Belarus dated December 21, 2017 No.8 On Development of Digital Economy). Decree No.8 laid the foundation for the implementation of blockchain technology in various sectors of the economy, token circulation, cryptocurrency exchanges, and mining. Many provisions of Decree No.8 were called unique on a global scale by international experts.

Senior partner at Aleinikov & Partners Denis Aleinikov has developed a legal concept of smart contracts, which is reflected in Decree No.8. This made Belarus the first country in the world to legalize smart contracts as a new means to conclude and execute contracts using digital tokens.

Today, with the development of NFT technology, the importance of legally binding smart contracts increases. NFT can become a unique digital identifier of any objects of civil rights, forming the global market for digital avatars of both the physical and virtual worlds’ objects. At the same time, legally binding smart contracts will ensure their legal circulation in the blockchain or other distributed ledger technology around the world.

Our work in the field of blockchain covers the following aspects:

  • Organizational and legal support for the creation of NFT (non-fungible tokens)
  • Counseling on regulatory requirements for the use of DLT (distributed ledger technology);
  • Counseling on the introduction of digital tokens to various sectors of the economy;
  • Counseling on issuance of blockchain-based debt instruments (blockchain bonds);
  • Counseling DeFi-projects on risk detection, analysis and mitigation;
  • Assessment of the regulatory impact of normative legal acts on the blockchain projects;
  • Counseling on the organization of and compliance with KYC / AML procedures when circulation of digital tokens is underway;
  • Counseling on tax issues, connected with digital tokens circulation.

See an advanced list of services in Technology

Marius VismantasSenior Financial Sector Specialist, Financial and Private Sector Development of East Asia & Pacific Region of the World Bank

Marius Vismantas
Senior Financial Sector Specialist, Financial and Private Sector Development of East Asia & Pacific Region of the World Bank

Lawyers of "Aleinikov&Partners" provided excellent and prompt assistance and advice throughout the assignment, by merging good international
practices of capital markets development with the Belarussian legal traditions. I can highly recommend “Aleinikov&Partners” to anyone looking for
solid and professional legal advice in Belarus.

Sergey BruiCo-Founder of Vizor Games

Sergey Bruy
Co-Founder of Vizor Games

Vizor team would like to express its gratitude to the law firm Aleinikov&Partners for legal support of Vizor Interactive projects. It is quite difficult to find lawyers with an excellent understanding of technologies. Lawyers of "Aleinikov and Partners" are those with whom you can speak the same language. Taking into account the timesaving you can achieve with that, such quality cannot be overemphasized. The law firm "Aleinikov and Partners" can be recommended to IT businesses, which need a modern, flexible and professional team.

Mikhail FedotovBoard Member of RVC

Mikhail Fedotov
Board Member of RVC

Aleinikov&Partners Law Firm supported InfraFund RVC on its investment in Belarusian startup Rocketdata.io. The firm’s team proved to be knowledgeable experts in corporate law issues. We are truly thankful to them for always being deep involved in the process and working in a very professional manner - that is what helped us achieve strong result. We also should notice that hard work which Aleinikov&Partners did on implementation in the Belarusian legislation of venture capital financing tools to make deals of this kind possible to be structured under local laws.

A&P advised Vizor Games in Investment Deal with World’s Top Mobile Game Developer Playrix

Aleinikov & Partners has been advised Visor Games, a leading Belarusian developer of multiplayer games for browser, social networks, and mobile platforms, in its investment deal with Playrix. The deal represents the first-ever investment of a top mobile game developer into a Belarus-born gamedev player, an HTP resident, with the intention to jointly develop the company on the basis of  “a strategic partnership”

Advocate Denis Aleinikov defends Blitz Team in dispute with Wargaming

Denis Aleinikov took the lead on legal defence of Blitz Team in a dispute with Wargaming, publisher and developer of the world-famous game World of Tanks. Five lawsuits have been brought to the Supreme Court of the Republic of Belarus against Blitz Team employees (former employees of Wargaming’s Minsk office) being sued for US$1.69 million altogether for violating Wargaming's exclusive rights while working on the Open Source project

Denis Aleinikov succesfully represented HARIBO in the Supreme Court

Chamber for Commercial Disputes of the Supreme Court of the Republic of Belarus upheld judgment of the Court of first instance in a case concerning HARIBO Sweets LLC (Russian Federation).