Client. An international group with operations spanning multiple jurisdictions sought to develop a construction project in Armenia. The group's legal advisers required a clear regulatory map of the approvals chain before committing capital.
Background. Construction activity in Armenia by foreign-affiliated entities engages a layered approvals process under both general urban development legislation and the specific protections and obligations arising under the Law on Foreign Investments (1994). The interaction between these instruments — and the allocation of risk where a permit condition conflicts with investment commitments already made — is rarely straightforward for incoming investors unfamiliar with the Armenian regulatory environment.
Our role. Counsel reviewed the full construction permitting and approvals sequence applicable to the project, assessed the group's exposure under the Law on Foreign Investments (1994), and identified regulatory conditions that had not been reflected in the draft transaction documents. Findings were presented in a structured risk memorandum mapped to each approval stage.
Outcome. [PLACEHOLDER — operator to replace with real outcome] Exposure identified before signing and contractually allocated. Timeline: — operator to fill.
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— Anahit Sargsyan Contributing Regional Analyst — Armenia · EAEU Access, Banking and Relocation vetrovpartners.com/contributions/