Within the framework of the 3-year subscriber service of the company HiEnd Systems, a national developer of software products, mobile applications and web portals for financial sector companies, including fintech start-ups, as well as for government institutions, we accompanied the transaction on acquisition of securities of a foreign company by a resident company.
Firm’s role on the case
Issuance of a legal opinion to the client allowing him/her to make a correct decision on the expediency of the transaction.
Description
As a result of our work, the client received answers to the following questions: (a) whether the client, after purchasing the shares, will have to repay the debts and not share the profits; (b) in case of disagreement between the client and the seller of the shares, where and, most importantly, for how much to sue (arbitration, national court); (c) what right to subordinate the agreement to; (d) the peculiarities of compliance with currency control requirements; (e) which should be taken into account when receiving money on dividends on the card of the Belarusian bank; (f) whether it is permissible under foreign trade contracts to establish other property than money as a counterclaim; (g) whether or not any taxes should be paid on the shares purchased.