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Fund for protection of Diaspora investors' rights to be created in Armenia
arminfo
Friday, January 27, 16:38
The Fund for protection of Diaspora investors' rights will be created
in Armenia, the head of the initiative group for creation of the fund,
Nikolay Bagdasaryan, told Arminfo correspondent.
He said that such an idea arose when his and his friends' lawyer's
offices started receiving cases from investors of the Armenian
Diaspora, which were stiffed in Armenia. "We are aware of several
dozens of cases when investors from Diaspora were stiffed in Armenia.
There are cases when their funds were misappropriated", - Bagdasaryan
said. He also added that he knows investors which are ready to invest
big funds in Armenia for fulfillment of interesting programmes, but
they have no guarantee they will not be deceived. Bagdasaryan thinks
that several noisy cases in favor of investors may give hope to
investors to have guarantees. The legal field of Armenia is enough to
protect investors, but the latter do not have all the needed
information and functionaries make use of it and break the law
sometimes. "If we manage to win several cases, I think investors will
trust in the situation that they may be protected from in this
country", - Bagdasaryan concluded.
From: A. Papazian
arminfo
Friday, January 27, 16:38
The Fund for protection of Diaspora investors' rights will be created
in Armenia, the head of the initiative group for creation of the fund,
Nikolay Bagdasaryan, told Arminfo correspondent.
He said that such an idea arose when his and his friends' lawyer's
offices started receiving cases from investors of the Armenian
Diaspora, which were stiffed in Armenia. "We are aware of several
dozens of cases when investors from Diaspora were stiffed in Armenia.
There are cases when their funds were misappropriated", - Bagdasaryan
said. He also added that he knows investors which are ready to invest
big funds in Armenia for fulfillment of interesting programmes, but
they have no guarantee they will not be deceived. Bagdasaryan thinks
that several noisy cases in favor of investors may give hope to
investors to have guarantees. The legal field of Armenia is enough to
protect investors, but the latter do not have all the needed
information and functionaries make use of it and break the law
sometimes. "If we manage to win several cases, I think investors will
trust in the situation that they may be protected from in this
country", - Bagdasaryan concluded.
From: A. Papazian