Helmes, an international software development company based in Estonia with an R&D office in Minsk, acquired a majority shareholding in Belarusian outsourcing IT company SolbegSoft, a resident of the High Technology Park with about 250 employees globally. SolbegSoft is known for offering a wide range of software solutions and consulting services for a variety of industry sectors.

Sorainen provided full scope legal assistance to the investor during the project. The team conducted legal due diligence, prepared transaction documents, represented the client during negotiations on legal aspects of the deal, and assisted with signing and closing procedures. The transaction became one of the first and largest projects to take advantage of Belarus’ nascent Digital Country regime introduced by Presidential Decree # 8 in March 2018.

The Sorainen team led by partner Maksim Salahub and senior associate Viktoryia Mikhnevich, included senior associate Kirill Laptev, associates Aliaksei Vashkevich and Tatsiana Zubarava, and other team members.