Corporate Governance in Armenia: Legal Framework and Practice
In Armenia, corporate governance has evolved into a structured legal framework that blends specific corporate regulation with civil-law principles. Rather than acting as a purely theoretical framework, corporate governance directly shapes how companies are managed, how decisions are made, and how accountability is enforced.
The Civil-Law Nature of Shareholders’ Agreements under Armenian Law
Corporate legal relations in the Republic of Armenia are primarily governed by the Law of the Republic of Armenia on Joint-Stock Companies, Chapter 5 (“Legal Entities”) of the Civil Code of the Republic of Armenia, and other applicable normative legal acts.
Termination of Employment Contract and Protection of Employees’ rights In Armenia
What are the grounds for termination of employment contract in Armenia? According to the Labor Code of Armenia (hereinafter also referred as “The Code”): The employment contract is terminated: by the agreement of the parties. at the initiative of the employee. at the initiative of the employer. How is an employment contract …
Continue reading “Termination of Employment Contract and Protection of Employees’ rights In Armenia”
Regulation of Construction Activities in Armenia: Institutional Framework, Permitting Procedure and Recent Developments
1. Legal Framework The regulatory framework governing construction activities in the Republic of Armenia is structured on a hierarchical basis, with legislation and sub-legislative acts forming the foundational layers.