Legal Updates : Protto

How Can Protto Legal Assist in Corporate Structuring and Complex Commercial Transactions?

31.05.2023 No Comments

Corporate structuring and complex commercial transactions play a pivotal role in the growth and success of businesses. Navigating the legal complexities associated with these processes requires specialized expertise, and that’s where a law firm becomes an invaluable partner. Protto Legal brings knowledge, experience, and strategic guidance to help businesses effectively structure their operations and execute intricate transactions. Here are the essential ways Protto Legal can assist companies in achieving their objectives: Comprehensive Legal Guidance First and foremost, corporate structuring and complex commercial transactions involve multifaceted legal considerations. Protto Legal offers comprehensive legal guidance to businesses throughout these processes. We assist

Employment Law Requirements in Armenia

30.05.2023 No Comments

Armenia has established a comprehensive legal framework to govern employment relationships and protect the rights of employees. The country’s employment laws outline various requirements employers must adhere to when hiring and managing their workforce. Understanding these requirements is crucial for employers and employees to ensure compliance and maintain a fair and equitable working environment. Here are some key employment law requirements in Armenia: Employment Contracts: Employers in Armenia must have written employment contracts with their employees. The contract should include essential terms such as job description, working hours, duration of employment, salary, and benefits. It is important to note that

Preparing Employment and Independent Contractor Agreements: How Protto Legal Can Help?

26.05.2023 No Comments

Protto Legal assists clients in preparing employment and independent contractor agreements to ensure compliance with applicable laws and protect the interests of both parties involved. Here are some common steps and considerations involved in the process: Initial Consultation: Initially, our experienced attorneys meet with clients to understand their specific needs and requirements. We gather information about the work’s nature and the parties’ relationship. Additionally, we identify any specific provisions that need to be included in the agreement. Classification Determination: One of the crucial aspects of preparing these agreements is correctly classifying the worker as an employee or an independent contractor.

Legal Implications of Golden Parachutes in Mergers and Acquisitions

26.05.2023 No Comments

In the realm of mergers and acquisitions (M&A), a golden parachute can be likened to a hilarious scenario where an executive of a company jumps out of an airplane with a regular parachute, only to find out it magically transforms into a glittery, diamond-studded parachute on their way down. While their fellow employees might be nervously clutching their regular parachutes, the executive floats down to safety with a fancy, luxurious one. Just as the golden parachute ensures a soft landing for executives during an acquisition, this analogy highlights how the executives receive lavish financial benefits while others may be left

Loan Agreement in Armenia: What You Need to Know

19.05.2023 No Comments

A loan agreement in Armenia is a legally binding contract between a lender and a borrower that sets out the terms and conditions of a loan. It establishes the rights and obligations of both parties and provides a framework for the loan transaction. Here are some important points to understand about loan agreements in Armenia: Parties Involved: A loan agreement identifies the lender and the borrower. The lender is typically a financial institution or individual, while the borrower can be an individual, company, or legal entity. Loan Amount and Currency: The loan agreement specifies the amount of money lent to

Դրամաշնորհային Մրցույթ ԲՏԱ նախարարության կողմից

18.05.2023 No Comments

ՀՀ բարձր տեխնոլոգիական արդյունաբերության նախարարությունը հայտարարել է դրամաշնորհի մրցույթ «Գաղափարից մինչև բիզնես» պետական աջակցության ծրագրի շրջանակներում։ Ծրագրի շրջանակում նախատեսվում է դրամաշնորհների տեսքով ֆինանսավորում տրամադրել դեռևս գաղափարի փուլում գտնվող սկսնակ ընկերություններին, որոնց կողմից ներկայացվող արտադրանքի և (կամ) ծառայության գաղափարը միտված է բարձր տեխնոլոգիաների ոլորտում նոր արժեքի ստեղծմանը և (կամ) տեխնոլոգիաների կիրառմամբ արդի խնդիրների լուծմանը: Որքա՞ն է կազմում ՀՀ Բարձր տեխնոլոգիական արդյունաբերության նախարարության կողմից հայտարարված դրամաշնորհային մրցույթով փոխհատուցումը․ Դրամական հատկացման բյուջեի առավելագույն չափը կազմում է 150,000,000 (հարյուր հիսուն միլիոն) ՀՀ դրամ, որը նախատեսվում է բաշխել մրցույթը հաղթահարած ընկերությունների միջև՝ յուրաքանչյուրին՝ մինչև 5,000,000 (հինգ միլիոն) ՀՀ դրամ: Ի՞նչ պայմաններ են անհրաժեշտ մրցույթին մասնակցելու

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