Law
Firm

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.

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Mikhail FedotovBoard Member of RVC

Mikhail Fedotov
Board Member of RVC

Aleinikov&Partners Law Firm supported InfraFund RVC on its investment in Belarusian startup Rocketdata.io. The firm’s team proved to be knowledgeable experts in corporate law issues. We are truly thankful to them for always being deep involved in the process and working in a very professional manner - that is what helped us achieve strong result. We also should notice that hard work which Aleinikov&Partners did on implementation in the Belarusian legislation of venture capital financing tools to make deals of this kind possible to be structured under local laws.

Andrey Zhishkevich Chairman of the Management Board of the Development Bank

Andrey Zhishkevich
Chairman of the Management Board of the Development Bank


The Development Bank of the Republic of Belarus expresses its sincere gratitude to the team of Aleinikov & Partners for providing highly professional legal advice as part of the study on the creation of a venture financing mechanism to be applied by the Bank. We note the professional competence of the company’s specialists, a responsible and individual approach to solving issues that arise.

The Development Bank highly appreciates the efforts and energy directed by the Aleinikov & Partners team to develop the venture ecosystem in Belarus. We firmly believe in the further successful development of our business and friendly relations and look forward to fruitful cooperation.

The Development Bank is completely satisfied with the results of working with Aleinikov & Partners and recommends the company as a reliable business partner.

Natalya LitvinovaMarketing director of «Syabar Brewery»

Natalya Litvinova
Marketing director of «Syabar Brewery»

Together with high quality of legal services we would like to mention efficiency, high involvement in the process and ability to foresee how things will turn out.

OneSoil raised $500,000 in a seed round

Aleinikov&Partners provided overall legal support to the consortium of investors including venture fund Haxus and angel investors Yuri Melnishek and Leonid Lozner on a wide range of issues related to investing in agri-tech OneSoil.

A&P Represented ASBIS in the Acquisition of the Belarusian Group of IT companies

Aleinikov & Partners has been represented ASBIS Group, one of the leading international distributors of information and communications technology products and solutions in EMEA Emerging Markets, headquartered in Limassol, Cyprus, as deal counsel in its 100% acquisition of the undisclosed Belarusian group of IT companies

DEAL.BY sustained its interests in the Supreme Court of Belarus

Chamber for Commercial Disputes of the Supreme Court of the Republic of Belarus affirmed court decisions of first and appeals instances in the DEAL.BY cases.