«АM» debt collection team received back millions of drams for its clients

Collection of 110.000.000 AMD was entrusted to the debt collection service, acting in «АM» Law Firm since 2016.

Without long judicial procedures, without spending much time and big finances several construction, insurance credit, touring and other companies with help of this new service of «АM» could return a significant part of their amounts due. According to the general average statistics for from 60% to 90% of debts were possible to receive back for different clients. Thus, during few months this service could receive back millions of drams for its clients.

In tense economic situation obviously increased the number of individuals and companies, defaulting or delaying financial obligations. At the same time, many of our clients do not wish to flagrantly stop business and human relations with their partners, who violated the terms of payments. Our debt collection team managed to find effective and profitable solutions through negotiation, consulting, pre-trial and  other legal instruments. Only in the case of the most malicious debtors when all other reasonable methods of collecting money were exhausted «АM» team was obliged to confiscate the money judicially, putting additional financial burden on people escaping from payment of their debts in every way.

New expansion: AM Law Firm will provide its services also in Cyprus

Those clients of «AM» Law Firm, who would like to start a business activity in Cyprus, an offshore zone, that offers best tax conditions, from now on will be provided with complex of high-quality legal and accounting services. Well qualified and experienced specialists of «AM» Law Firm and «DADLAW» will consult on advantages and privileges of conducting business in Cyprus prior to the registration of a company. If needed, our teams will organize the process of registration of a new company in Cyprus, as well as will provide further legal and accounting services for the newly regestered company. Hence, expanding the frame and the geography of its services, «AM» Law Firm will start providing legal support also in Cyprus.

The Managing Partner of «AM» Law Firm Mr. Grigor Minasyan and advocate Ms. Narine Sargsyan hosted at the headquarters of the «AM» law firm Mr. Demetrios Demetriades,  the founder of the leading law firm in Cyprus, «DADLAW» company. During the meeting, the managers of two law firms discussed the possibility of provision of complex high-quality services to the Armenian investors and Armenian companies, that act in diverse areas and would be interested to investment in Cyprus. 

Expanding the services of «AM» Law Firm  to Cyprus is yet another step foward, aiming at the development of international business cooperation for the Armenian companies.

Day of open doors at Gyumri branch on family law, on issues related to labor law and labor disputes.

The free legal consultation to the residents of Shirak region  continues at the branch of  Gyumri of “AM” Law Firm.

Highlighting the protection of  the rights and  interests of  employees  and employers  in  labor  relations and  labor disputes, the following day of  free monthly  legal consultations  organized in branch "AM" Law Firm  will provide consultation and explanations  on problems  related to the labor law, in particular  the  reasons  and order of  termination of the employment contract, incapacity cases, overtime work, labor disputes.

The following  day of open doors  will take place on 20 October, at 10:00-18:00m in the address: Gyumri, G. Nzhdeh 1/5.

For pre-registration , please call by the following number: (0312) 3-03-26.