How differently are hostile and voluntary takeover bids treated?
Although there are no legal obstacles to undertaking a hostile takeover bid under Belarusian law, hostile takeovers are rather uncommon. This is largely due to the fact that the overwhelming majority of existing stock corporations in Belarus were formerly owned by the state. Regulatory restrictions on the sale of shares in such corporations make the performance of hostile takeovers practically impossible, since a transaction cannot be effected without the permission of the President of the Republic of Belarus, regardless of the will of the parties.
