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Expert legal perspectives, business insights, and regulatory updates from the RETRIEVE team.
Showing 109–112 of 112 articles · Page 10 of 10
Piercing the Corporate Veil: Balancing Limited Liability with Accountability in Armenia
The concept of the corporate veil is a fundamental principle in business law that grants a corporation limited liability, protecting its shareholders from personal liability for the company’s debts and obligations. However, there are circumstances where this veil can be pierced, allowing creditors and plaintiffs to hold shareholders personally responsible for the corporation’s actions. We …
Double Taxation in Armenia: Rules, Treaties, and How to Protect Your Income
For individuals living abroad while earning income in Armenia, or Armenian residents receiving income from foreign sources, double taxation is a very real financial risk. The same income can legally be taxed twice – once where it is earned, and once where the taxpayer resides – unless the right mechanisms are in place to prevent …
Data Privacy Regulations in Armenia: Navigating Compliance in the Tech Startup Industry
In recent years, Armenia has made significant strides in regulating data privacy and protecting individuals’ personal information, a topic that profoundly impacts the tech and startup industry. Complying with these regulations is vital for tech startups operating in Armenia, as they must ensure that they meet the legal requirements while fostering innovation and growth. Beyond …
Armenian Banks and EU Sanctions: Why Russian-Related Transfers Face Compliance Barriers
Why Do Armenian Banks Carefully Review Russia-Related Transactions? In 2014, the European Union adopted Council Regulation No. 833/2014 (“Regulation”), imposing sanctions against Russia for well-known political reasons. Nearly a decade later, the regulation remains in effect, though its content and rules have evolved. Gradually, the Regulation started to include provisions that directly could apply to …