Restructuring & Insolvency: White Collar Crime in Belarus – Bankruptcy.

In economic crises entrepreneurs often choose to protect their interests by initiating the bankruptcy of debtor companies as well as the bankruptcy of their own. However, the bankruptcy tool should be treated carefully, because, when implemented improperly, it may lead to criminal prosecution. Siarhei Miadzvedzeu and Roman Shpakovsky explain the consequences of bankruptcy initiating in Belarus.
Click here to read the full article in English published in CEE Legal Matters magazine.

by Roman Shpakovsky, Partner,

Related Lawyers

Gints Vilgerts

Partner, M&A

+371 29 107 768


Jūlija Jerņeva


+371 29 131 597


Related Experience

Providing legal assistance to one of the largest Latvian glass manufacturers in a cross-border dispute with Italian company regarding the delivered goods. On 26 June 2019 the court satisfied client’s request to ensure the claim by seizing the debtor’s financial means in Italy.

Representing a marine insurance company in litigation against a Latvian retailer regarding the retailer’s failure to pay for the delivered goods according to United Nations Convention on Contracts for the International Sale of Goods.

Representing a Latvian top 15 company in an ongoing collective dispute with several trade unions. The dispute concerns the interpretation of the rules that determine the amount of compensation that employees may claim in case of business trips or work travel trips.

Representing the client before the State Employment Inspectorate regarding alleged discrimination of employees on the grounds of family status. The case shall clarify, whether employees must issue health insurance to employees, who are on parental leave.