Projects we have implemented in this industry
A German bank
Advising on the issues of conclusion of a framework loan agreement with Belarusbank OJSC for financing of export and import transactions with the insurance coverage of a German insurance company.
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.
A Lithuanian leasing company
Advising on banking and taxation aspects of the international financial leasing agreement concluded between residents of Lithuania, Germany, 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.
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 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 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.
The Northern Environmental Financial Corporation
Representation of interests in the course of conclusion of a $1 million loan agreement for manufacturing of pipes, branches and fittings for centralized heating systems and wastewater treatment facilities with Danish company Salling Plast AS.
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 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.
Belcoopstrakh
Protection of interests of the Belarusian insurance company regarding payment of the insurance indemnity to a bank.
An Austrian bank
Legal support of activities and advising on certain issues of target financing in the Republic of Belarus.
A German bank
Advising on the issues of conclusion of a framework loan agreement with Belarusbank OJSC for financing of export and import transactions with the insurance coverage of a German insurance company.
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.
A Belarusian leasing company
Advising the company on the issues of effectiveness of the banking guarantee issued as a collateral for the facility leased.
A German consortium of export banks
Advising on the issues of granting an export loan to a Belarusian resident for the government guarantee.
A Lithuanian leasing company
Advising on banking and taxation aspects of the international financial leasing agreement concluded between residents of Lithuania, Germany, 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.
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 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.
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.
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 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.
The Northern Environmental Financial Corporation
Representation of interests in the course of conclusion of a $1 million loan agreement for manufacturing of pipes, branches and fittings for centralized heating systems and wastewater treatment facilities with Danish company Salling Plast AS.
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 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.
How can we help
A Belarusian company can use support in the form of an export loan to increase attractiveness of its goods in foreign markets. The exporter receives the value of the goods immediately after delivery, and the foreign purchaser will pay this value to their bank for several months.
Such scheme reduces the risks of Belarusian companies associated with non-receiving of payment and forced debt collection.
One of the requirements of foreign credit and financial organizations is obtaining an independent legal opinion of the fact that the deal to be concluded with a Belarusian company does not contradict the local law requirements.
Apart from the formal part, obtaining such opinion allows the parties to ensure that all mandatory requirements (currency regulation, antitrust laws, etc.) have been observed and will not entail negative consequences (damage to goodwill, penalties) for the business.
Even if negotiations participants have worked in the same field for a long time, it does not guarantee successful negotiations. Sometimes, a third-party assistant in negotiations can see the obstacles to prompt achievement of positive results, such as conclusion of a contract, receiving a delay in payments, reduction of penalties, etc.
First impression of the counterparty can be deceptive, particularly when it comes to significant financial risks. Verification of information on the counterparty, which experts will receive both from reliable government sources and through their contacts, will help reduce the probability of non-performance of obligations, litigation, claims from government bodies.
If the cost of loans in Belarusian banks leaves much to be desired, there are always possibilities to consider alternative methods of raising loan funds. They include direct loans of foreign banks and international financial organizations, issuing bonds in Belarus and abroad, attracting a foreign investor as one of the members (shareholders) of a Belarusian company, etc.
Only experts who have participated in similar projects can assess advantages and disadvantages of each of these variants.
A Belarusian company can use support in the form of an export loan to increase attractiveness of its goods in foreign markets. The exporter receives the value of the goods immediately after delivery, and the foreign purchaser will pay this value to their bank for several months.
Such scheme reduces the risks of Belarusian companies associated with non-receiving of payment and forced debt collection.