PRESIDENTIAL DECREE OF THE REPUBLIC OF BELARUS

of January 14, 2019 No. 16

About development of international leasing

For the purpose of creation of additional terms for development of the international leasing oriented to promotion in foreign countries of the goods made in the Republic of Belarus:

1. Determine that:

1.1. in case of termination of the contract of international leasing (including in connection with its termination) the lessor shall provide return of subject of leasing or the termination in cash or non-cash form of the obligations arising in connection with transfer of subject of leasing to the leasing recipient - to the nonresident of the Republic of Belarus if other is not established by this Decree.

Methods of non-cash discharge are determined by Council of Ministers of the Republic of Belarus together with National Bank.

The obligations of the lessor established in part one of this subitem stop from date:

introductions in legal force of judicial, arbitral decisions (resolutions), other documents of authorized bodies (further - court documents) according to which to the lessor it is refused allowance of the application about reclamation of subject of leasing from the leasing recipient - the nonresident of the Republic of Belarus;

acceptances of the state by authorized bodies which is the location of the leasing recipient - the nonresident of the Republic of Belarus and in the territory of which there is forced execution, decisions on refusal to the lessor in recognition and forced execution of the court documents which are subject to recognition and (or) carrying out according to the legislation of this state;

payments of insurance indemnity by the insurer for insured risk for the agreement of international leasing (without the cash accounting, possible losses which are not subject to compensation from insurance company, representing the amount of own participation of the insurer in covering);

adoptions of decisions by authorized body:

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