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Bankruptcy formalization procedure changed in Armenia

18.09.2020 15:39

Bankruptcy formalization procedure changed in Armenia

YEREVAN, September 18. /ARKA/. Armenia’s National Assembly passed Friday in the second, final reading amendments to the law on bankruptcy.

Previously, the bankruptcy-formalizing procedure on the basis of the submitted application began if there was a delay in indisputable payment obligations in the amount of 1000 times the minimum wage, that is, by 1 million drams. The adopted amendments will double the amount of debt required to initiate bankruptcy proceedings.

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IDBank is adamant to defend its interests in all judicial instances: bank is not threatened by bankruptcy

18.11.2019 18:43

IDBank is adamant to defend its interests in all judicial instances: bank is not threatened by bankruptcy

The IDBank is adamant to defend its interests in all judicial instances, the chairman of the bank’s Board Mher Abrahamyan told reporters on Monday in comments on a trial that involves businessman Gevorg Afandyan and the alienation of property of B.M.L Arzni LLC that has been considered by Armenian courts for several years already

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Armenia to bring bankruptcy procedures in line with requirements of doing business rating

15.11.2019 10:54

Armenia to bring bankruptcy procedures in line with requirements of doing business rating

Armenia’s Parliament has approved today in the first reading a set of amendments to the Law on Bankruptcy, which are designed to bring this procedure in line with the requirements of the World Bank’s Doing Business rating

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Bank VTB (Armenia) files involuntary bankruptcy against parliament member

24.10.2012 13:03

Bank VTB (Armenia) files involuntary bankruptcy against parliament member

Bank VTB (Armenia) filed an involuntary bankruptcy against an Armenian parliament member, the bank’s press service reported Wednesday

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