GOVERNMENT SUPPORT AND GUARANTEES FOR THE IMPLEMENTATION OF PUBLIC-PRIVATE PARTNERSHIP PROJECTS
Background A Public-Private Partnership (PPP) is a long-term, legally binding agreement between a public entity and a private company, under which the private party undertakes to provide comprehensive services that may include financing, design, construction, operation, and maintenance of public infrastructure. The private partner is compensated through user fees, payments from the public entity based …
Features of Limited Liability Companies and Joint-Stock Companies
The legislation of the Republic of Armenia establishes multiple legal frameworks for the formation of business entities, ensuring flexibility for entrepreneurs in selecting the most appropriate structure for their operations. Among the primary forms are Limited Liability Companies (LLCs) and Joint-Stock Companies (JSCs). Joint-stock companies, in turn, are categorized into Open Joint-Stock Companies (OJSCs) and Closed Joint-Stock Companies (CJSCs), each governed …
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On Personal Data Protection In Armenia
The Law “On protection of personal data” of RA (Law) guarantees the rights of natural persons (data subjects) and imposes mandatory requirements on personal data processors, authorised persons, and third parties. In the scope of the Law: “Personal data” shall mean any information relating to a natural person, which allows or may allow for direct …