Armenian government revises bankruptcy law

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Economy

07.03.2009, 16:03

Armenia’s Government approved Friday amendments to the Law on Bankruptcy. According to RA Justice Minister Gevorg Danielyan, the revisions aim at reducing corruption risks while following bankruptcy procedures, as well as avoiding false bankruptcy cases.

YEREVAN, March 6. /ARKA/. Armenia’s Government approved Friday amendments to the Law on Bankruptcy. According to RA Justice Minister Gevorg Danielyan, the revisions aim at reducing corruption risks while following bankruptcy procedures, as well as avoiding false bankruptcy cases.

“Businessmen’s opinions were taken into consideration when proposing the amendments,” the minister added.

In his turn, RA Prime Minister Tigran Sargsyan stressed the importance of the revisions, adding the amended law would help eliminate corruption. Z. Sh. –0--

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