M&A transaction on acquisition of CactusSoft by Belgian company Litussoft was finalized
Belgian company Litussoft acquired CactusSoft, a Belarusian outsourcing company, which is the resident of Hi-Tech Park. Aleinikov&Partners law firm provided overall legal assistance to CactusSoft on the deal.
According to Bram van Nieuwerburgh, a founder of Litussoft, one of the key factors that influenced the choice of Belarusian jurisdiction to expand business was the support of Hi-Tech Park, which allows working in preferential tax conditions.
Recently CactusSoft specializes in providing end to end services in software development, integration and technology consulting that enable the companies to improve the workforce, operations, and business performance. It is noted that in the future the company will engage in blockchain-based projects.
Aleinikov&Partners' team on the deal included senior partner Denis Aleinikov and senior associate Anna Tsymbalist.
Vera Reshetina
CEO & Co-founder of Cactussoft
During the work, Aleinikov&Partners' specialists have demonstrated the competence in the intricacies of the Belarusian legislation and high involvement in the workflow. The main quality of the company's lawyers is an exceptional sense of responsibility for the decisions being made. Apparently, exactly for this reason the legal assistance provided by Aleinikov and Partners is of a high quality and always in accordance with international standards.
Denis Aleinikov took the lead on legal defence of Blitz Team in a dispute with Wargaming, publisher and developer of the world-famous game World of Tanks. Five lawsuits have been brought to the Supreme Court of the Republic of Belarus against Blitz Team employees (former employees of Wargaming’s Minsk office) being sued for US$1.69 million altogether for violating Wargaming's exclusive rights while working on the Open Source project
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
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.