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Home News New Legislative Proposal for Limited Liability Companies and Joint-Stock Companies

New Legislative Proposal for Limited Liability Companies and Joint-Stock Companies

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The Government of the Republic of Armenia has introduced a new legislative proposal that aims to amend the Civil Code of Armenia, as well as the laws on “Limited Liability Companies” and “Joint-Stock Companies.” The purpose of the proposal is to introduce a mechanism for convertible loan agreements, which will allow companies to repay loans with shares or equity instead of money.

Key Points of the Legislative Changes

  • Convertible Loan Agreements: Parties can agree to repay loans with equity. Legal conditions and regulations will be established.
  • Civil Code of Armenia: New definitions and mechanisms for convertible loans.
  • Law on Limited Liability Companies: Changes regarding the terms of agreements.
  • Law on Joint-Stock Companies: Regulations for loan repayment through shares or equity.
  • Tax Code of Armenia: Amendments for tax accounting and declarations.

Objectives and Outcomes

  • Investment Promotion: New opportunities for investors.
  • Financial Stability: Legal predictability and stability.
  • State Budget: No additional financial costs anticipated.

These changes aim to improve Armenia’s investment environment and provide new business development opportunities.

For more details, visit the e-draft.am project

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  • Address:
    Dom Moskvy
    Business Center, 7, Argishti str.,
    2nd floor 0015 Yerevan, Armenia
    Tel:
    +374 60 53 23 23
    +374 99 54 33 88