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Armenia to reduce bankruptcy costs and duration

31.05.2019 15:58

Armenia to reduce bankruptcy costs and duration

YEREVAN, May 31 /ARKA/. The government of Armenia looked today into a set of proposed amendments to the Law on Bankruptcy, adopted back in 2006, which call for reducing the costs and duration of the bankruptcy process.

According to the Minister of Justice Artak Zeynalyan, despite some changes made to the law, it still contains flaws and problematic points, which were identified also by the World Bank.

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