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Audit of a legal entity in Belarus

Due Diligence аудит компании – это всестороннее исследование объекта инвестирования. Данная процедура наиболее часто проводится при покупке бизнеса, сделках слияний и поглощений (М&A). Многие зарубежные компании при приобретении бизнеса в Беларуси или инвестировании в тот или иной проект прибегают к помощи иностранных юристов, которые не могут быть компетентными на должном уровне в белорусском законодательстве. Кроме того, зарубежный покупатель или инвестор часто желает проводить сделку по английскому праву, что имеет свои особенности и зачастую противоречит белорусскому законодательству, которому характерна романо-германская правовая система.

“Attracting a Belarusian legal advisor will help prevent the consequences of mistakes when making a deal”

Agreement of intent between the parties (Letter of Intent).

Before due diligence, the preparatory phase can be distinguished. This agreement is more common in foreign practice, however, if necessary, such an agreement can be concluded between residents of Belarus. The agreement may include:
- the structure of the transaction;
- cost and settlements between the parties;
- labor Relations;
- guarantees of the parties;
- the possibility of withdrawing from the agreement, its termination;
- the publicity of the transaction;
- issues of distribution of transaction costs.

The cost of legal audit services
Legal audit From 1000 Euro (€)

Conducting a legal due diligence audit service can be divided into two stages:

Stage 1. Conducting a legal audit of the enterprise.

Mainly carried out by financiers and lawyers, if necessary, other specialists may be involved: auditors, appraisers, etc. Almost always a confidentiality agreement (Non-Disclosure Agreement) is concluded. It defines the procedure for non-disclosure of information that has become known to the parties during due diligence.

Юридический due diligence (Юридический аудит компании). При проведении юридического аудита компании следует обратить внимание, в частности, на такие моменты как:
- encumbrance of assets;
- preemptive right to purchase shares, shares;
- bans on the sale of shares, shares to third parties.

Stage 2. Preparation of a legal audit report.

Upon completion of the legal audit of the enterprise, a conclusion is made, which, as a rule, includes information about:
- corporate documents, company structure;
- transactions;
- available tangible assets (real estate, etc.);
- the presence of debts;
- intangible assets (trademarks and service marks, licenses, copyrights, patents, etc.);
- litigation;
- labor relations.

The conclusion will provide information about the business model of the company, its main advantages and disadvantages. Based on the conclusion, the buyer (investor) will get the idea that he ultimately acquires, in which he invests.

partners of the company
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Resume and contacts.

In conclusion, we can say that the need for a legal audit of the organization is determined by the buyer (investor). However, as practice shows, not everyone is ready to buy a pig in a poke, and therefore the active position of the seller is not uncommon. Also, if it is necessary to verify compliance with the law on a narrow range of issues, it is possible to conduct a special legal audit of the enterprise. For example, IP due diligence is often critical when buying high-tech companies.

For professional legal advice, call +375291102388 or e-mail: info@legaltime.by.

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