Law No. 239-Z of the Republic of Belarus “On Placement in Temporary External Administration” adopted on 3 January 2023 permits placing legal entities in temporary external administration. The Law will enter into force on 17 January 2023.

One the one hand, closure of a representative office of a foreign company (hereinafter, “Rep Office”) in Belarus is not subject to as high a number of detailed rules as liquidation of a commercial company.

EY Belarus announces that on 1 July 2022 it will join the В1 network (in Russian, Б1). B1, a successor of EY Russia, now operates in Russia as an independent group of assurance and consulting firms separate from the EY global network.