Best Financial Services Regulation Lawyers in Armenia

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ADVENTUS LAW FIRM

ADVENTUS LAW FIRM

Yerevan, Armenia

Founded in 2024
10 people in their team
Armenian
English
Russian
French
Adventus Law Firm | Bespoke Legal Solutions with Excellence and IntegrityAbout UsAdventus Law Firm stands as a paragon of legal excellence and advocacy, firmly rooted in a tradition of triumph and grandeur. The appellation Adventus conjures the imagery of a grand and victorious entry, akin to an...
Global Business Vectrium LLC

Global Business Vectrium LLC

30 minutes Free Consultation
Yerevan, Armenia

Founded in 2018
5 people in their team
Armenian
Russian
English
Our StoryNavigating the Dynamic Marketplace: At Global Business Vectrium LLC, we understand the complexities and challenges of operating a business in today's fast-paced market. Our mission is centered on empowering businesses to thrive in Armenia, a land ripe with investment opportunities....
AM Law Firm

AM Law Firm

Yerevan, Armenia

Founded in 2012
20 people in their team
Armenian
English
French
Russian
Arabic
«AM» is famed as one of the biggest law firms in Armenia. The firm was founded in 2012 as a result of a merger of two prominent law firms which have been operating in the market for about 10 years. «AM» Law Firm provides services in all branches of law. The firm has a proficient team comprising...
Legelata Law Firm

Legelata Law Firm

Yerevan, Armenia

Founded in 2010
10 people in their team
Armenian
English
Russian
Spanish
French
Legelata is a law firm with a rich history of connecting businesses with the 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,...
Vardanyan & Partners LLC

Vardanyan & Partners LLC

Yerevan, Armenia

Founded in 2012
6 people in their team
English
Russian
Armenian
Vardanyan & Partners is a team of responsive, skilled attorneys with 10+ years of experience. The firm offers honest, high-quality legal representation at reasonable prices. We are pleased to offer free consultations in our offices, by telephone, or by email. Our primary commitment is to...
ATOVMYAN Law Practice and Consulting

ATOVMYAN Law Practice and Consulting

Yerevan, Armenia

Founded in 2019
4 people in their team
Armenian
Russian
English
Offers a wide range of legal services provided by knowledgeable and experienced professionals-         Legal consulting-         Representation in courts and other...
Lawsuit LLC

Lawsuit LLC

Yerevan, Armenia

Founded in 2021
5 people in their team
Armenian
Russian
English
Lawsuit is a legal consulting company. Company’s specialists render full spectre of legal services both in B2B sector and to private entities in Armenia and abroad.The firm’s lawyers have extensive experience of representing clients in negotiations with the authorities at all levels.   Key...
LSA Law Firm

LSA Law Firm

Yerevan, Armenia

Founded in 2014
10 people in their team
Armenian
English
French
Russian
For over 10 years, LSA Law Firm has provided high-quality legal and accounting services across Yerevan and Armenia. Our experienced team, including former judges, prosecutors, and investigators, takes a strategic approach to every case, aiming for the best possible result within the law. We offer...
Point of Law

Point of Law

30 minutes Free Consultation
Yerevan, Armenia

Founded in 2024
2 people in their team
Armenian
English
Russian
At Point of Law, we render a comprehensive spectrum of legal services to both businesses and private entities in Armenia and internationally. Our seasoned professionals bring extensive experience in representing clients across various sectors, ensuring robust legal support tailored to your unique...
STRTGY

STRTGY

15 minutes Free Consultation
Yerevan, Armenia

Founded in 2022
10 people in their team
Armenian
English
Russian
Arabic
STRYGY is a specialized consulting firm with a strong focus on tax law and international tax law, offering expert guidance to businesses navigating the complexities of both local and global tax regulations. Our team of seasoned professionals is dedicated to providing tailored solutions that address...
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About Financial Services Regulation Law in Armenia

Financial Services Regulation in Armenia is designed to ensure the stability and integrity of the country's financial system. The regulation is chiefly overseen by the Central Bank of Armenia (CBA), which is responsible for implementing monetary policy, maintaining financial stability, and supervising financial institutions. The regulatory framework covers various sectors including banking, insurance, securities markets, and other financial services. It aims to protect consumers, prevent financial crimes such as money laundering, and promote transparency and competition within the financial markets.

Why You May Need a Lawyer

Legal assistance in financial services regulation may be necessary in several scenarios. Individuals and businesses may seek legal advice when setting up a financial institution to ensure compliance with regulatory requirements. In instances of mergers, acquisitions, or restructuring of financial entities, legal guidance can help navigate complex regulatory frameworks. Additionally, legal advice might be crucial during regulatory investigations or enforcement actions. Consumers facing disputes with financial institutions over contracts or services could also benefit from expert legal assistance to protect their interests.

Local Laws Overview

The legal framework for financial services regulation in Armenia is established through several laws and regulations. Key aspects include the Law on the Central Bank of Armenia, the Law on Banks and Banking, the Law on Insurance, and the Securities Market Regulation. These laws establish the legal standards for the operation of financial institutions, consumer protection, financial reporting, and anti-money laundering measures. Complying with these regulations is crucial for maintaining the operational standing and reputation of financial service providers in Armenia.

Frequently Asked Questions

What are the primary financial regulatory bodies in Armenia?

The main regulatory body is the Central Bank of Armenia, which oversees the entire financial sector, encompassing banking, insurance, and securities markets.

What is the process to establish a financial institution in Armenia?

Establishing a financial institution involves obtaining the necessary licenses from the Central Bank of Armenia, meeting capital requirements, and ensuring compliance with local laws and regulations.

How does Armenia ensure consumer protection in financial services?

Armenia has enacted several laws aimed at consumer protection, including regulations that require transparency in financial product offerings and procedures for handling consumer complaints.

What are the penalties for non-compliance with financial regulations in Armenia?

Penalties can range from fines and sanctions to the suspension or revocation of operational licenses. In severe cases, legal action might be taken against non-compliant entities.

Are there specific anti-money laundering regulations in Armenia?

Yes, Armenia has stringent anti-money laundering laws in place, requiring financial institutions to implement measures such as customer due diligence and suspicious activity reporting.

How are disputes with financial institutions resolved?

Disputes can typically be resolved through dialogue and negotiation, but if these methods fail, they can be taken to court. Arbitration mechanisms may also be available.

What rights do consumers have in the financial services sector?

Consumers have the right to transparent information about financial products, the option to opt-out of certain services, and the right to file complaints about financial services.

Are foreign financial institutions regulated similarly in Armenia?

Foreign financial institutions must comply with Armenian regulations when operating within the country. They are subject to the same licensing and operational requirements as local institutions.

What role do lawyers play in financial regulation compliance?

Lawyers provide expert advice on compliance with financial regulations, represent clients in legal proceedings, and assist in drafting contracts and agreements within the sector.

How can I verify whether a financial service provider is legitimate in Armenia?

You can verify the legitimacy of financial service providers by checking their registration and licensing status with the Central Bank of Armenia.

Additional Resources

Individuals seeking additional information or guidance on financial services regulation in Armenia may find the following resources helpful:

  • The Central Bank of Armenia (CBA): The main regulatory authority for financial services
  • The Armenian Lawyers Association: A resource for finding legal counsel
  • Ministry of Finance of Armenia: Offers information on financial policies and taxation
  • Financial Monitoring Center of the CBA: Focuses on anti-money laundering and counter-terrorism financing measures
  • Consumer Rights Protection Centers: Assists consumers in disputes with financial institutions

Next Steps

If you need legal assistance in financial services regulation, consider the following steps:

  • Research and shortlist qualified lawyers or law firms specializing in financial regulation law.
  • Schedule consultations to discuss your specific legal needs and gain clarity on potential legal strategies.
  • Prepare all necessary documentation related to your case or inquiry to facilitate informed discussions with your lawyer.
  • Stay informed about ongoing updates and changes in financial regulation laws in Armenia.
  • Consider engaging with legal professionals or organizations that provide continuing education or updates in the field of financial services regulation.
Lawzana helps you find the best lawyers and law firms in Armenia through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Financial Services Regulation, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Armenia—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.