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News & Analysis

Armenia: M&A - Share acquisition of IT companies – tax it or pass it?

10 May 2021 by Legelata, Gor Margaryan

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.
News & Analysis

Armenia: Ethical issues of artificial intelligence

14 April 2021 by Legelata, Lilit Harutyunyan

In the era of technological innovations, it’s no longer news that artificial intelligence (henceforth - AI) systems are capable of functioning in a wide range of industries, especially in transportation, retail, customer service, judiciary etc.
News & Analysis

Armenia: What Happens to Repo on Default: Application of Bankruptcy Laws to Banks and other Financial Institutions in Armenia

08 April 2021 by Legelata, Gor Margaryan

It is accepted business in the financial industry to extend short term loans via taking securities of different types (equity or debt) as security of repayment. However, such transaction is not formed as a loan against security but rather a sale transaction with an option (call and/or put) to return or resell the securities back to the original seller. Such transactions are widely known as repurchase transactions or short – repo transactions.