Legelata Law firm > Yerevan, Armenia > Firm Profile

Legelata Law firm > Firm Profile

Legelata is a law firm with a rich history of connecting businesses with law across various industries in innovative and dynamic ways.

Legelata wins solutions for businesses involved in banking and finance, trade and logistics, health and pharmaceutical, life sciences and biotechnology, information technologies, and telecommunications.

Legelata advises over highly complex issues connected with mergers and acquisitions, competition and intellectual property, foreign investments, tax, and corporate matters. Legelata represents clients in litigation and arbitration involving the most vital issues.

Legelata is particularly experienced in restructuring and corporate governance queries, and adept at handling finance matters such as bridge loans and banking M&A. The law firm assists with corporate and M&A transactions with additional expertise in handling PPP projects. It also assists with administrative proceedings related to insolvency and dominant market positions.

Legal Developments

Problems of taxation of operations with crypto-assets in the Republic of Armenia

26th June 2024 Finally, after a long silence, the Republic of Armenia legally acknowledges that crypto-assets exist and is attempting to regulate relations in connection with the latter.

Antitrust Compliance Program: Benefits of implementation

28th March 2023 The general rule is that if an economic entity (hereinafter: Undertaking) performs a business activity within the country, it shall comply with the rules and regulations governing the respective activities. Antitrust laws are designed to promote fair competition and prevent anti-competitive practices that have the ability to harm consumers, limit market innovation and, as an ultimate result, harm competition itself. In simple words, antitrust compliance is meant to ensure that Undertaking’s actions and practices do not infringe on applicable competition/antitrust laws and regulations. Compliance includes avoiding activities such as price fixing, market allocation, bid rigging, monopolisation, disclosure of market strategy, price strategy, etc.

COVID-19 -an excuse not to perform contractual obligations?

24th March 2020

Covid-19 has been declared as pandemic by WHO. The pandemic has caused the global markets tumble and triggered massive government intervention for saving the economy as the economic activity sharply fell and panic spurred in financial markets. Many businesses now face situations where it is much more onerous or near to impossible to perform their obligations vis a vis their employees, but more importantly their counterparts and contractors.

Armenia: Prevention of Leadership Duality

3rd March 2020 When attempting to create corporations that safeguard the interests of shareholders, many companies implement a two-tier corporate hierarchy. At the first level is the board of directors: elected by the shareholders and on the second tier is the upper management: hired by the board. The one-tier board provides a better understanding of the operational issues at board level and clearer direction; nevertheless, it can simultaneously be hard for other board members to challenge a powerful Chief executive Director (CEO) who is also the Chairman of the Board (Chair).

M&A: Share acquisition of IT companies – tax it or pass it?

13th December 2019

Expansion of the business places the manager in front of the classical choice – grow organically or make an acquisition? Once the acquisition is decided to proceed upon and all other strategic considerations are satisfied, a business should decide whether the acquisition should proceed by acquiring assets or shares of a specific business.

Armenia intends to extend tax exemptions for IT industry

22nd June 2018

IT industry in Armenia has seen a dramatic growth for the last few years. The industry size in 2017 has reached 765,1 million USD versus 559,1 million USD in 2015 which represents around 37% growth like for like (National Statistical Service of Armenia 2015, 2016, 2017).

Mergers and Acquisitions: Exceptions of exercise of pre-emptive rights in Armenia

22nd June 2018

Mergers and acqusitions in the banking industry has been buoyant for the past couple of years in Armenia. This activity has been fuelled by the regulatory requirements for increase of the charter capital of the banks due to the desire of the regulator, the Central Bank of Armenia, to see larger and predictable players in the market easy to supervise. This has been coupled with the increasing interests of international players and investors towards the robust banking sector or Armenia which has offered stable exchange rates and much higher interest on debt and equity compared to that of developed markets such as Western Europe, North America and Middle East.