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 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”
Aleinikov & Partners has advised Virtuality Park, a creator of one of the Europe's largest amusement parks Teleport VR, on issuance of blockchain bonds
Aleinikov&Partners Law Firm became the local consultant of the World Bank in the frame of the World Bank’s project on international technical assistance to Belarus aimed at harmonizing of the domestic legislation with respective EU Directives and international standards.