Contacts
Profile
Juri Slepitch has been working for the banking sector for more than twenty years.
He regularly advised clients on corporate, banking and financial transactions including project finance and stock markets, bonds and options, infrastructure transactions.
Juri not only provided legal support to many of our clients in banking transactions, but also offered effective mechanisms to mitigate the identified risks.
Juri Slepitch has a master’s degree in «Finance and credit».
He also completed internship on mortgage issues at “Woolwich Building Society” (Great Britain).
News
Agreement between Belarus and Russia on Mutual Visa Recognition
The Ministry of Foreign Affairs notified of the entry into force on January 11, 2025 of the Agreement between the Government of the Republic of Belarus and the Government of the Russian Federation on mutual visa recognition and on other issues related to the entry of foreign citizens and stateless persons on the territory of the States Parties - parties to the Agreement on the Establishment of the Union State, signed on June 19, 2020 (the Agreement).
The draft Healthcare Code of the Republic of Belarus
On 29 November, the draft Healthcare Code of the Republic of Belarus, which regulates and updates the legislation in the field of healthcare, was put up for public discussion.
Registration of Maximum Sale Prices Resumed for Pharmaceuticals
On 14 July 2023, Resolution of the Council of Ministers of the Republic of Belarus No. 444 enters into force. Resolution No. 444 amends Resolution of the Council of Ministers No. 776 dated 31.10.2018 "On Registration of Manufacturers' Maximum Sale Prices for Pharmaceuticals". The document approves a new list of pharmaceuticals whose maximum sale prices are to be registered and adjusts the procedure for such registration.
Resumption of Registration of Prices for Medicines
On 10 April 2023, the President of the Republic of Belarus signed the Edict No. 95 which renews the Edict No. 345 «On Registration of Prices for Medicines». This Edict was suspended in April 2020.
Arzinger Law Offices Assisted with the Conclusion of a Shareholders Agreement within an Investment Project to be Implemented in Medical Field
One of our clients being Belarusian industrial enterprise requested our assistance with legal analysis of a shareholders agreement to be concluded as part of a major investment project on creation of a new joint venture on vaccine manufacturing in Belarus.
New Rules for the Use of Foreign Non-Repayable Aid
On 8 November 2021 amendments to the legislation on foreign non-repayable aid were introduced by the Decree of the President of the Republic of Belarus No. 7 (“Decree No. 7”).
Changes in Price Formation for Medical Products
The Edict No. 383 was signed on October 5, 2021, which amends the Edict No. 366 "On Price Formation for Medicines, Medical Products and Medical Equipment" dated August 11, 2005.
New Rules for Marking of Goods
On January 6, 2021, the Edict No. 9 was adopted which amends the procedure for marking of goods in the Republic of Belarus, provided for by Decree No. 243 of June 10, 2011. Innovations in the marking procedure, a unified system and a possible expansion of the list of goods required for marking. if you are a manufacturer or supplier of products in the Republic of Belarus, we recommend you to read about the main changes in our review.
List of Documents with Extended Validity
On December 2, 2020, the Council of Ministers determined a list of documents, the validity of which will be extended by six months in accordance with the Edict of the President of the Republic of Belarus No. 442.
Extension of Validity Period of Some Documents for Individuals and Legal Entities
On November 25, 2020, the President of the Republic of Belarus signed the Edict No. 442, under which the validity of some documents is extended by 6 months.
Belarusbank Attracted 30 mln. EUR from Roseximbank
The cooperation became possible after the signing of the framework agreement between two financial institutions. It envisages the procedure for providing credit loans for the purpose of Belarusian-Russian projects financing, as well as allows to simplify and optimize procedures for the supply of Russian goods and services to the Republic of Belarus.
Decree No. 3 “On Foreign Non-repayable Aid”
The new Decree of the President of the Republic of Belarus dated May 25, 2020 No. 3 “On Foreign Non-repayable Aid” was officially published on May 26, 2020. This legal act declares to be no longer in force the Decree of the President of the Republic of Belarus dated August 31, 2015 No. 5 “On Foreign Non-repayable Aid”. The changes are connected with the purposes for which foreign non-repayable aid may be provided; cases when the Decree is not applied; taxes; information provided by banks.
Changes in the registration of medical devices, pharmaceuticals and substances
Decree of the Council of Ministers of the Republic of Belarus dated May 19, 2020 No. 289 “On state registration of medical devices, pharmaceuticals and pharmaceutical substances” amended legal acts affecting the scope of state registration of medicines and medical devices.
Significant changes in medicines regulatory legislation
The new edition of the Law of the Republic of Belarus “On Medicines” was officially published on May 19, 2020. The document provided for the procedure for both state registration of medicines and the possibility of registration within the EAEU.
Draft Amendments to the Law on Consumer Protection – are Financial Services Consumers Protected Now?
The draft Law "On Amendments to Legislative Acts on Protection of Consumers’ Rights " (hereinafter - the Draft) is submitted for public debate. The current regulation of consumer protection does not cover certain types of financial services and does not take into account the specifics of activity on the financial market. Therefore, the draft law is intended to extend its effect to a wider range of financial services consumers and introduce new protection mechanisms for such consumers.
Measures for Support of Pharmaceuticals and Medicine Trade
In order to simplify access of Belarusian population to medicines and medical supplies during a difficult epidemiological situation, the Edict of the President of the Republic of Belarus No. 143 dated April 24, 2020 “On Support of Economy” introduced a range of incentive measures aimed at temporary weakening of some prohibitions and the state control in this sphere.
Ministry of Antitrust Regulation and Trade has Annulled the Resolution No. 184: See the Recent Changes in the Price Regulation
In order to stabilize the economy and, particularly, the situation on the consumer market, the Government previously took several measures for price regulation, including the adoption of the Resolution No. 184. According to the Resolution, price increase for more than 0.5% monthly was prohibited. At the same time, trade business entities were obliged to keep up with the established minimum assortment of goods. After a short space the Commission of the Ministry started its work, and all trade subjects could address their questions and applications to obtain a permission to raise the prices above the established threshold.
How do New Pricing Regulations for Socially Important Goods Work?
Belarus has adopted a lot of legislative acts regulating pricing mechanisms. The main acts are the Law No. 255-Z “On Pricing” and the Edict No. 72 “On Certain Issues of Price (Tariff) Regulation”. The Edict establishes the list of ministries and other government bodies authorized to regulate prices of certain goods. According to the Edict, prices of socially important goods shall be regulated by the Ministry of Antitrust Regulation and Trade. The list of socially important goods is established by the Resolution of the Council of Ministers No. 35.
Projects
A Belarusian investment company
Representation of the client’s interests in the course of raising direct financing from Polish Bank Gospodarstwa Krajowego in the amount of €55 million for construction of an office and shopping center with the floor area of 68 thousand sq.m in Grodno, Belarus.
A Spanish fashion retailer
Representation of interests of a multi-brand clothing retailer from Spain on the issues of expansion into Belarus and opening of 11 stores in Minsk.
An international payment system
Advising an international payment system on the issue of launching a payments tokenization platform using mobile devices for compliance with the Belarusian antitrust law.
A Turkish brewing company
Legal support of a brewing company on the issue of obtaining a permit from antitrust bodies for acquisition of a joint-stock company in the Republic of Belarus (the main activity is beer production).
A Chinese logistic corporation
Legal support of construction and implementation of a huge investment project in the territory of the Great Stone China-Belarus Industrial Park. The project for development of the territory is implemented by our customer, the total amount of investments will be about $ 500 million. The State Development Bank of China granted a long-term loan to our client in the amount of over $ 100 million for the project implementation.
As part of the legal support rendered, we performed the legal audit of the borrower’s activities followed by drawing up the legal opinion for the State Development Bank of China, and provided the independent opinion on meeting the prerequisites for granting the loan by the borrower.
A German glass corporation
Advising a German glass and optics manufacturer on the issues of concluding a framework supply agreement with a Belarusian production company.
An American health-care unicorn
Legal support of introduction of non-standard clauses in contracts and local normative legal acts, for example, the condition on the employee’s "availability" for the possibility of solving urgent issues beyond office hours, advising on changes regarding the legal status of personnel after the Customer is admitted to the High-Tech Park.
A representative office of a Swiss pharmaceutical company
Performance of two legal audits in the Representative Office on the issues of HR documents and a number of additional issues, advising on minimization of risks revealed. Development and introduction of local normative legal acts, legal support of current working issues.
A Spanish fashion retailer
Support of current working issues, advising and legal support for bringing a number of local normative legal acts into compliance with the Belarusian law and their enforcement.
An American IT company
Development of the confidentiality agreement, improvement of the standard employment contract in accordance with the requirements of the law and upon the client’s request, advising on the procedure for certifying employees, development of corresponding documents, advising on individual labor issues.
Embassy of the State of Israel in Minsk
Advising on certain issues of the working hours regime, guarantees and compensation, termination of employment relations with employees.
Department of Promoting Trade and Investments of the Polish Embassy in Minsk
Legal support of termination of employment relations with Belarusian employees of the DPTI in the course of the DPTI liquidation.
A Polish bank
Submission of the legal opinion regarding loan agreements for financing of supply of diesel locomotives manufactured by Polish company Bydgoszcz S.A. to the Mogilev Branch of Belarusian Railway SUE, Belarusian Railway State Association
A German consortium of export banks
Advising on the issues of the law of the Republic of Belarus in terms of granting a loan facility for implementation of the investment project on construction of a factory for production of tin plated steel and metal sheets in the Miory district, followed by provision of the legal opinion regarding the borrower.
SID banka (Slovenia)
Provision of the legal opinion to the SID banka (Slovenia) regarding the borrower (a resident of the Republic of Belarus) for the purpose of granting an export loan to the latter for supply of equipment from Slovenia.
A Belarusian bank
For many years, Arzinger lawyers drew up legal opinions on the issues of raising loan facilities from: Komerční banka, a.s. (Czech Republic), Banca Monte Dei Paschi Di Siena SpA (Italy), AKA Ausfuhrkredit-Gesellschaft mbH (Germany) for the amount of €106.235 million, from Bank Gospodarstwa Krajowego (Poland) for the amount of €45.4 million.
A manufacturer of toys
Representation of the client’s interest on the issue of raising a $10 million loan from the European Bank for Reconstruction and Development for upscaling the production facilities.
An international agricultural holding
Representation of interests in the course of raising project financing from the EBRD in the amount of $10 million through inclusion into the Client’s company capital in the amount of $10,000,000 (a put and call option) for implementation of the project on construction of agricultural terminals in Belarus.
A manufacturer of flax fabric
Advising a state-owned manufacturer of flax fabric and products on the issue of raising external financing in the amount of €32.34 million from the Sberbank Europe AG (Austria) for the guarantee of the Government of the Republic of Belarus.
Izovac
Advising a client on raising a loan facility of the Development Bank of the Republic of Belarus in the amount of $840,400 for implementation of the investment project called “Expansion of a Thin Film Coatings Application Site” at the expense of the funds of the foreign loan facility of the State Development Bank of China.