“AM” Law Firm and the Investment Council of Armenia signed a memorandum of understanding

15 February, 2023

“AM” Law Firm signed a memorandum of understanding with the Investment Council of Armenia deepening the already existing cooperation.

At the recommendation of the partner of “AM” Vanik Margaryan the Investment Council of Armenia, performing qualitative work and developing a project in a short time, has started working on the regulation of option contracts by RA legislation, the results of which will be visible soon.

Such a positive experience shows that the legal issues specified by the private are in the center of the investment board's attention, and such cooperation ensures high efficiency.

The Investment Council of Armenia is implemented by the EBRD with the support of the UK Government's “Good Governance Fund”.

Under the option contract, one party (the holder of the option) gets the right to demand the other party to perform the actions provided for in the option contract under the terms and within the period (the option validity period) provided for in the option contract (including paying money, transferring or accepting property under certain conditions, including property rights) and if the holder of the option does not submit a claim defined by the contract within the validity period of the option, then the option contract is considered terminated by law.

The option contract may provide that the claim specified in the option contract is considered to have been submitted if the conditions specified in the contract are met.

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