15.08.2014 15:24
YEREVAN, August 15. /ARKA/. Armenia’s government approved the draft amendments to the law about enforcement of court orders at its meeting Thursday.
The decision about the bailiff service’s seizing the funds in banks or other credit organizations will not relate to the entire account (like it is in the current law), but to the amount due to creditors, Armenia’s minister of justice Hovhannes Manukyan said in presenting the amendments.
The amendments are made to protect owners’ right as cases of freezing all the funds on the account instead of the debt amount have become frequent recently, Hovhannisyan said.
Categories: Banks @en, General news, News, News of the hour | Comments Off on Armenian banks won’t be allowed to seize client accounts in full
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