Antitrust Compliance Program: Benefits of implementation
The general rule is that if an economic entity (hereinafter: Undertaking) performs a business activity within the country, it shall comply with the rules and regulations governing the respective activities. Antitrust laws are designed to promote fair competition and prevent anti-competitive practices that have the ability to harm consumers, limit market innovation and, as an ultimate result, harm …
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COVID-19 -an excuse not to perform contractual obligations?
Covid-19 has been declared as pandemic by WHO. The pandemic has caused the global markets tumble and triggered massive government intervention for saving the economy as the economic activity sharply fell and panic spurred in financial markets. Many businesses now face situations where it is much more onerous or near to impossible to perform their …
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Armenia: Prevention of Leadership Duality
When attempting to create corporations that safeguard the interests of shareholders, many companies implement a two-tier corporate hierarchy. At the first level is the board of directors: elected by the shareholders and on the second tier is the upper management: hired by the board. The one-tier board provides a better understanding of the operational issues …
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M&A: Share acquisition of IT companies – tax it or pass it?
Expansion of the business places the manager in front of the classical choice – grow organically or make an acquisition? Once the acquisition is decided to proceed upon and all other strategic considerations are satisfied, a business should decide whether the acquisition should proceed by acquiring assets or shares of a specific business.
Armenia intends to extend tax exemptions for IT industry
IT industry in Armenia has seen a dramatic growth for the last few years. The industry size in 2017 has reached 765,1 million USD versus 559,1 million USD in 2015 which represents around 37% growth like for like (National Statistical Service of Armenia 2015, 2016, 2017).
Mergers and Acquisitions: Exceptions of exercise of pre-emptive rights in Armenia
Mergers and acqusitions in the banking industry has been buoyant for the past couple of years in Armenia. This activity has been fuelled by the regulatory requirements for increase of the charter capital of the banks due to the desire of the regulator, the Central Bank of Armenia, to see larger and predictable players in …
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