Aleinikov & Partners has been advising the Development Bank of the Republic of Belarus (DBRB) in drafting a regulatory legal act aimed at amendment of the Belarusian legislation to entitle the DBRB to conduct venture capital financing.
Following a tender submitted by the DBRB in October 2019, Aleinikov & Partners has been selected to advise the Development Bank within the frames of the Program “MSME Access to Finance Project in the Republic of Belarus” to be jointly implemented with the International Bank for Reconstruction and Development (IBRD). Initially we have comprehensively explored theoretical and practical aspects to design a set of measures, which shall be introduced to expand the Development Bank's mandate as regards funding by venture capital.
DBRB is a specialized financial institution established in accordance with the Presidential Edict in June 2011. The Development Bank is founded by the Council of Ministers and the National Bank of the Republic Belarus. The prime objective of the DBRB is elaboration of financing system for governmental programs and implementation of investment projects of social importance.
Areas of practice: Venture Capital
Aleinikov&Partners provided overall legal support to Quattro Capital asset manager, which invested into the Belarusian hardware startup RocketBody.
"Aleinikov&Partners” Law Firm is a legal counsel of MTBank regarding entry into an agreement with Nordic Environment Finance Corporation (NEFCO) aimed at cooperative financing of projects in the field of energy efficiency.
Aleinikov & Partners has assisted IDT Corporation, a NYSE-listed (NYSE: IDT) American telecommunications company headquartered in Newark, New Jersey, with the Belarusian market entry. IDT pioneers expansion of business to Belarus and subsequently joining the Hi-Tech Park among US-based public companies