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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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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Tags: Anelik Bank, Armenia, bankruptcy, IDBank, interests

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

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Tags: Armenia, Bank VTB (Armenia), bankruptcy

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