Blockchain
Aleinikov & Partners law firm is a developer of the first legal act in the CIS that regulated circulation of cryptocurrencies and other digital assets (Decree of the President of the Republic of Belarus dated December 21, 2017 No.8 On Development of Digital Economy). Decree No.8 laid the foundation for the implementation of blockchain technology in various sectors of the economy, token circulation, cryptocurrency exchanges, and mining. Many provisions of Decree No.8 were called unique on a global scale by international experts.
Senior partner at Aleinikov & Partners Denis Aleinikov has developed a legal concept of smart contracts, which is reflected in Decree No.8. This made Belarus the first country in the world to legalize smart contracts as a new means to conclude and execute contracts using digital tokens.
Today, with the development of NFT technology, the importance of legally binding smart contracts increases. NFT can become a unique digital identifier of any objects of civil rights, forming the global market for digital avatars of both the physical and virtual worlds’ objects. At the same time, legally binding smart contracts will ensure their legal circulation in the blockchain or other distributed ledger technology around the world.
Our work in the field of blockchain covers the following aspects:
- Organizational and legal support for the creation of NFT (non-fungible tokens)
- Counseling on regulatory requirements for the use of DLT (distributed ledger technology);
- Counseling on the introduction of digital tokens to various sectors of the economy;
- Counseling on issuance of blockchain-based debt instruments (blockchain bonds);
- Counseling DeFi-projects on risk detection, analysis and mitigation;
- Assessment of the regulatory impact of normative legal acts on the blockchain projects;
- Counseling on the organization of and compliance with KYC / AML procedures when circulation of digital tokens is underway;
- Counseling on tax issues, connected with digital tokens circulation.
Maxim Marinich
Marketplace manager at Deal.by
Aleinikov&Partners law firm perfectly coped with negotiation on solving of controversial situation with the former operator of Deal.by platform. We are absolutely satisfied with both the process and the result. There is no doubt that the сooperation with Aleinikov & Partners is the case when any business-critical issues can be effectively solved by external consultants. There are no ‘’one-size-fits-all” approach to the problem solving for lawyers of Aleinikov&Partners, because their work is always based on the clients’ specific needs and they do everything possible to respond to these needs.
Vladimir Peshko
Head of Legal Department of Unitary Enterprise «Velcom»
Aleinikov&Partners’ specialists proved themselves as professionals in the field of IT. The main quality of the company's lawyers is the ability to anticipate the development of the situation in various directions. Deep involvement in work on a particular legal problem forms a positive image of the company and objective assessment of the situation allows to achieve the goals.
Andrey Yarantsev
Top Manager of Wargaming & Melsoft
We have been cooperating with Aleinikov&Partners law firm on various issues for several years. The representatives of this company are friendly, decent as well as always attentive to the issues in question. Especially I would like to emphasize their deep understanding of the specifics how start-ups work and the nuances of companies which entire into the cross-border market. In my opinion, Aleinikov&Partners is the absolute leader in the number of top-level transactions in the IT-field and the Game Industry in our country.
Aleinikov&Partners Law Firm advised Austrian Kapsch TrafficCom in regard to implementation of the investment project on creating in the Republic of Belarus of the national electronic tolling system for motor vehicles on selected roads.
Aleinikov & Partners and IT Park of Uzbekistan have signed a Cooperation Agreement. Aleinikov & Partners becomes IT Park’s international outside adviser in connection with the improvement of a regulatory framework for the development of the IT industry in Uzbekistan as the firm had been experienced successful work with the Belarus Hi-Tech Park in this respect
Aleinikov & Partners has been advised Service Desk, a subsidiary of BPS Sberbank and a member company of Sberbank Group, which deals with software development for banking and financial activities, on joining the Hi-Tech Park