Settlement of the Year in Armenian Court

Settlement of the year: Armenian court approves amicable settlement of Armenian-Austrian business dispute
 
YEREVAN, Armenia - May 21, 2014 - PRLog -- The 6-year-long litigation between  Afin Leasing AG, a leading Austrian  leasing company and “Spayka” LLC Armenian  freight company ended in an amicable settlement. Public Relations Department of “AM” law firm reported that on April 15, 2014 the Armenian court approved the amicable settlement prepared by “AM” law firm (http://www.am.am).

Since 2006 Afin Leasing AG had leased IVECO vehicles to “Spayka” LLC. However, Afin Leasing AG had been seeking to receive its lease payments since 2009 and with this end in mind, Armenian courts tried three court cases. After a number of failures, about a year ago Afin Leasing AG applied to “AM” law firm.

As a result of complex and diligence work done in Armenian courts “AM” lawyers eventually succeeded in getting the due lease payments made to their foreign client. Managing Partner of “AM” law firm Grigor Minasyan, noted: “As a result of the amicable agreement achieved due to our firm’s lasting work, all the debts have been paid to an international leading company, whereas the Armenian company is now free of a heavy financial burden.”

Chief Legal Adviser Rosa Stepanyan and Senior Legal Adviser Gohar Gevorgyan were leading this court case.

Contact
Seda Harutyunyan
***@am.am
End
Source:AM Legal Services in Armenia
Email:***@am.am Email Verified
Tags:legal services in Armenia
Industry:Business
Location:Yerevan - Yerevan - Armenia
Subject:Partnerships
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
AM Law Firm PRs
Trending News
Top Daily News
Top Weekly News



Like PRLog?
9K2K1K
Click to Share