Belarus introduces English law institutions in Hi-Tech Park

Belarus introduces English law institutions in Hi-Tech Park

The decree on Digital Economy in Belarus has introduced (as a legal experiment) new legal concepts, most of which constitute the so-called English law.

In this connection, HTP residents are granted the right to conclude with the third parties the following contracts:

- contract of convertible loan;

- agreement on the granting of an option for concluding an option; option agreement;

- agreement on compensation for property losses;

- agreements on non-competition with employees; in this case the worker needs to be paid average salary for the period when they are restricted in the right to leave to work for a competitor;

- contracts of investment partnership;

- irrevocable power of attorney.

Read about English law institutions in more detail here.

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