Right to Property
VTB-Armenia Bank applies 73% interest rate to overdue loans: HCA Vanadzor challenges in court legality of loan contract
The claim of Helsinki Citizens’ Assembly-Vanadzor staff members against the payment under the Law on the so-called 1000 AMD filed on March 21, 2017 was accepted by the General Jurisdiction Court of Kentron and Nork-Marash administrative districts of Yerevan city and the examination of the claim was scheduled for July 12, 2017, at 2: 30 pm.
According to the RA Law on Compensation of Damages to the Life or Health of Military Servicemen Sustained during Protection of RA in force since January 2017, an amount of 1000 AMD is deducted from RA citizens’ salaries and transferred to the RA state budget in violation of RA citizens’ property right prescribed in the RA Constitution.
On September 8, the Lori Marz (Region) Court of General Jurisdiction, presided by Judge M. Harutyunyan, held a regular hearing on the case of Taron Tadevosyan, Senior Investigator at the Vanadzor City Taron Investigation Unit, Lori Marz Investigation Division, RA Police General Investigation Department. The hearing was attended by the defendant T. Tadevosyan, his legal representative R. Hakobyan and prosecutor Hayk Petrosyan. At the trial examination stage, T. Tadevosyan’s legal representative R. Hakobyan presented a series of evidence refuting the fact of the crime. Hence, the trial examination stage ended, and the Court passed to the hearing of arguments.
“Spitak Renaissance” Charitable foundation was established in 2003 (founders Robert Asmaryan, Varuzhan Apresyan, Vanik Asatryan, Arshaluys Asatryan, Garegin Dilbaryan, Rita Panosyan, Mher Aleksanyan), the goal of which is to ameliorate the social issues of Spitak residents as well as provide support to local authorities for the solution of the aforementioned issues.