On 10 June 2020, AmCham in Armenia held its regular Tax, Customs, and Fiscal Policy – TCuFP Committee Virtual Meeting with Mr. Tatul Khudatyan, K&P Law Firm, on Confiscation of Property of Illegal Origin law implementation details.
As a result of the discussion, AmCham Members and the AmCham Executive Team summarized that there is a gap in the implementation tools and it will create confusion among the current business owners and potential investors, especially in the banking sector. Mr. Tatul Khudatyan suggested preparing a recommendation paper on the implementation tools which was reviewed and discussed during the TCuFP meeting held on 24 June 2020. It was agreed that a letter will be sent to the Ministry of Justice with a request for organizing a forum with all the relevant stakeholders to raise the concerns and get clarification. Members from various AmCham Member companies as well as Mr. Tatul Khudatyan, K&P Law Firm, participated in the meeting. Mr. Aharon Levonyan, Seraphim Consulting, and Ms. Irina Dumanyan, Mentor Graphics a Siemens Business, Director of AmCham Board, Mr. Nerses Nersisyan, KPMG Armenia, Mr. Suren S. Ghalumyan, Deloitte Armenia, Mr. Karen Zakaryan, FINARM – Financial Market Members Association, Ms. Lilit Gevorgyan, PMI Armenia, Ms. Lusine Mnatsakanyan, Coca-Cola HBC.