Month: October 2019

On October 12, 2019 the inaugural Summit for Transformation of IP & Corporate Law in Armenia took place in Yerevan, Armenia, at Armenia Marriott. The Summit was aimed at transformation of IP innovation and corporate law in Armenia to boost the advanced technology development in the country. The Summit brought together experts, attorneys and technology professionals from US, Russia, Germany and Armenia, as well as representatives from the Government and the National Assembly of Armenia.

The Summit culminates 9 months of work on developing reform proposals aimed at improving IP protection and corporate law regulatory framework. The legal team of ADWISE Consulting has been a key part of this initiative by the US Armenian Bar Association, including leading 2 of the working groups, and actively working on the reform proposals.

The proposals were welcomed by the representatives from the Government and the National Assembly, and we look forward to working on implementing them in practice.

We are happy to share that our Senior Associate Hasmik Movsesyan along with our Partner Ara Khzmalyan had the honor to present the reforms proposal on Corporate Law issues, aimed at promoting VC/Angel Investments (you can access the live broadcast recording through the following link: https://www.youtube.com/watch?v=2KsUpI-PxpE&t=17520s).

ADWISE Consulting expresses its deepest gratitude to all organizers, participants and enthusiasts who made this incredible event a reality and once again asserts its readiness to stand by IT innovation and development of Armenia.

In the framework of “Responsible Finance in the Caucasus, Ukraine and Iran” (RF) project commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ) and implemented by Savings Banks Foundation for International Cooperation (SBFIC), ADWISE Consulting conducted a study on digital communication services in Armenia. The key objective of the research was to support the Central Bank of Armenia (CBA) in enhancing the current legislation and regulations on consumer rights protection in the financial sector of Armenia. The research covered a market analysis of existing digital financial products and their features, an overview and analysis of prevailing legislation and regulations related to the consumer rights protection within this field, as well as a market analysis among financial institutions’ clients regarding their perception of consumer rights protection in the realm of digital financial services. As a result of the study, ADWISE came up with a set of recommendations on how to achieve the above-mentioned objectives of the project. Within the framework of the project, an international expert was involved by SBFIC to assist with the integration of international best practices and the provision of additional recommendations on how to further develop the digital communication services in Armenia.

ADWISE Consulting is proud to contribute to the advancement of the financial sector and the digital financial services in Armenia.