Hayk Hovhannisyan made a presentation on Armenian Corporations Law at the Chamber of Advocates.
The event was dedicated to hosting of French Lawyers Associations “Droit et Commerce” at the Chamber. 67 colleagues from France were present. His excellency designated ambassador of France Mr. Jonathan Lacote was present at the event.
Hayk has made a historical excursion back from 1990s when after collapse of Soviet Union state enterprises had to face new reality of market economy and big companies have been transformed into joint – stock companies with hundreds and thousands of workers, engineers and administrative staff becoming shareholders in result of privatization.
Evolution of Armenian corporations law have been presented. Current joint-stock company structure has been named as hybrid of common and continental laws.
Hayk presented the challenges of newly emerged public and private corporations and how shareholders have been learning to co-inhabit in new realities. Further, the tools for financing have been presented and comparison with French Société Anonymes and SAS was conducted.
At the end of his speech, Hayk mentioned crowd-funding and ICO as new realities lawyers are facing and ways of transforming of current legal entities to meet new trends of 21st century.