Best Financial Services Regulation Lawyers in Armenia

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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...

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...
Gritarres

Gritarres

15 minutes Free Consultation
Yerevan, Armenia

Founded in 2018
8 people in their team
English
Russian
Armenian
French
Persian
Gritarres company gathered around specialists with diverse legal knowledge and experience. At the same time, though, they had similar goals and visions of improvement. From the beginning of its establishment, the team underlined the importance of working in tandem, because the most important...
Kostandyan & Partners
Yerevan, Armenia

Founded in 2018
4 people in their team
Russian
English
Armenian
โ€œKostandyan & Partnersโ€ Law Firm practices law on the territory of Republic of Armenia, Cyprus and Luxembourg in providing legal services in Banking, Corporate and Civil litigation fields, as well as in the fields of Intellectual Property Law. Company provides comprehensive legal...
MB Legal

MB Legal

15 minutes Free Consultation
Yerevan, Armenia

Founded in 2020
10 people in their team
Armenian
Russian
English
MB Legal is a full-service law firm based in Yerevan, Armenia that offers a broad range of legal services. Practice areas include contract law, M&A and corporate law, company reorganizations, capital markets and investment funds, bankruptcy law, litigation, arbitration and mediation, and...
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...
ELL Partnership Law Firm
Yerevan, Armenia

Founded in 2011
14 people in their team
Armenian
English
Russian
French
ELL Partnership Law Firm was founded in 2011 with a strong mission to lead the corporate legal practice in Armenia and make its clients feel the benefits of professional legal support. We are an Armenian Law Firm with a strong background in Business, Corporate Law and Litigation, providing a wide...
TK & Partners
Yerevan, Armenia

Founded in 2012
20 people in their team
English
Russian
French
Greek
Armenian
We believe our law firm is a powerhouse for superior legal knowledge, sound experience, and skill in giving innovative solutions to our clients. Though we are local and rooted in Armenia, we also know about the cutting-edge innovations in the world of law and business. Thanks to this, we see no...
Artlex Consult
Yerevan, Armenia

Founded in 2022
4 people in their team
Armenian
Russian
English
Czech
ARTLEX CONSULT is an international consulting company providing a wide range of legal, business and management services, including AML/CFT compliance  and data protection services. Our company has a reliable network of trusted partners who help us provide high-quality services to our clients...
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...
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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.