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WHERE TO JUDGE "AYVAZYANS"
James Hakobyan
http://www.lragir.am/index.php/eng/0/economy/view/28058
*
Hobbs, Lock and Oligarchs
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Germ of Agents Penetrated Into State
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PAP's New Role in Government
*
Higher-Ranking Corruption Where Lancet Won't Reach
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Tsarukyan Removed From List?
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The U.S. ambassador to Armenia personally asked the U.S. citizen
Edmond Khudyan the details of his "case". As we know, the businessman
claims that he is the victim of fraud in the result of which he lost
several million dollars. He has sent a letter to the U.S. ambassador
asking for assistance to take the case to the U.S.
judicial system.
Edmond Khudyan is apparently excited about the experience of Global
Gold Company which sued Vardan Ayvazyan in New York and the U.S.
court ruled against Ayvazyan imposing a fine of USD 35 million. The
MP has not paid the fine but the verdict is in place which means
charging of the money is a technical-political issue.
On these days, the U.S. ambassador to Armenia John Heffern said that
new things should expected in the economic cooperation between Armenia
and the United States. At the same time, Ambassador Heffern stated
that he is doing everything to make sure American investments are
made in Armenia. He added that it is still required to improve the
economic environment and to ensure the security of investments.
What news should we expect after the examples of Edmond Khudyan
and Global Gold? What does the U.S. ambassador think after getting
acquainted with Khudyan's story and the ineffective justice system?
What will the ambassador, who knows all these stories, tell those
investors, who show interest towards making investments in Armenia?
Will Heffern say that it is not time to come to Armenia because the
Armenian business environment is not "worth" American investments,
or the U.S. embassy will directly assume the task of protection of
American investments in Armenia?
The point is that in Armenia Western investments, in particular U.S.
investments, are important not only for Armenia in economic and
political terms but also for the U.S. again in economic and political
terms. The investments can be the influential and fundamental tools
to help Armenia become a competitive regional country, to change the
thinking of the public and the "elite", to promote the integration of
Armenia in the civilized world and render it a reliable partner of the
"modern world" in the South Caucasus.
In this sense, the U.S. perhaps prefers not preventing U.S.
investments and make sure the investors don't appear in a similar
situation as Khudyan but to invite them to Armenia and engage in
their defense personally. No doubt if the U.S. embassy is involved
the effectiveness of the protection of the investors' interests will
increase even in the judicial system.
This is important first of all because it stems from the strategic
interests of Armenia. If Armenia is unable to ensure the legal
protection of American investments in the country, then it would
be commendable if protection is carried out by the diplomatic
representations of those countries from where the investors come,
which will, willingly or unwillingly, take care of the Armenian
interests too.
James Hakobyan
http://www.lragir.am/index.php/eng/0/economy/view/28058
*
Hobbs, Lock and Oligarchs
*
Germ of Agents Penetrated Into State
*
PAP's New Role in Government
*
Higher-Ranking Corruption Where Lancet Won't Reach
*
Tsarukyan Removed From List?
*
The U.S. ambassador to Armenia personally asked the U.S. citizen
Edmond Khudyan the details of his "case". As we know, the businessman
claims that he is the victim of fraud in the result of which he lost
several million dollars. He has sent a letter to the U.S. ambassador
asking for assistance to take the case to the U.S.
judicial system.
Edmond Khudyan is apparently excited about the experience of Global
Gold Company which sued Vardan Ayvazyan in New York and the U.S.
court ruled against Ayvazyan imposing a fine of USD 35 million. The
MP has not paid the fine but the verdict is in place which means
charging of the money is a technical-political issue.
On these days, the U.S. ambassador to Armenia John Heffern said that
new things should expected in the economic cooperation between Armenia
and the United States. At the same time, Ambassador Heffern stated
that he is doing everything to make sure American investments are
made in Armenia. He added that it is still required to improve the
economic environment and to ensure the security of investments.
What news should we expect after the examples of Edmond Khudyan
and Global Gold? What does the U.S. ambassador think after getting
acquainted with Khudyan's story and the ineffective justice system?
What will the ambassador, who knows all these stories, tell those
investors, who show interest towards making investments in Armenia?
Will Heffern say that it is not time to come to Armenia because the
Armenian business environment is not "worth" American investments,
or the U.S. embassy will directly assume the task of protection of
American investments in Armenia?
The point is that in Armenia Western investments, in particular U.S.
investments, are important not only for Armenia in economic and
political terms but also for the U.S. again in economic and political
terms. The investments can be the influential and fundamental tools
to help Armenia become a competitive regional country, to change the
thinking of the public and the "elite", to promote the integration of
Armenia in the civilized world and render it a reliable partner of the
"modern world" in the South Caucasus.
In this sense, the U.S. perhaps prefers not preventing U.S.
investments and make sure the investors don't appear in a similar
situation as Khudyan but to invite them to Armenia and engage in
their defense personally. No doubt if the U.S. embassy is involved
the effectiveness of the protection of the investors' interests will
increase even in the judicial system.
This is important first of all because it stems from the strategic
interests of Armenia. If Armenia is unable to ensure the legal
protection of American investments in the country, then it would
be commendable if protection is carried out by the diplomatic
representations of those countries from where the investors come,
which will, willingly or unwillingly, take care of the Armenian
interests too.