Last week the Government has approved the draft on making amendments and additions to the Law on the “Joint Stock Companies”, which provides several new regulations aimed at development and improvement of the investment sector in Armenia.
We are pleased to inform that the draft has been developed jointly by ADWISE Consulting, Armenian National Interests Fund (ANIF) and the ''Center of Legislation Development and Legal Researches'' Foundation of the Ministry of Justice of the Republic of Armenia.
The draft law proposes a number of innovative regulations, which are in line with the current developments and tendencies in the global business community and improve Armenia’s investment climate for both local and foreign investors.
The draft law proposes, among others, the following:
We thank our colleagues and partners, as well as the working group in the field of development of capital market for their participation in the discussions and proposals.
We are confident that these amendments will have positive impact on the economic development of Armenia amid these hard times.
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