Forming a general and permanent legislative mechanism is planned for companies established on the basis of international treaties ratified by Armenia. Deputy Minister of Justice Tigran Dadunts stated during the debates on the package of bills on amendments to the law on joint stock companies and amendments to related laws at Thursday’s special session of the National Assembly of Armenia.

“It [i.e. the aforesaid legislative mechanism] will apply to companies in which the state’s share is 25 percent or more,” the deputy minister added.

The Armenian government has linked the need to convene a special parliamentary session to the framework agreement on strategic cooperation between Armenia and the US with respect to the implementation of the Trump Route for International Peace and Prosperity (TRIPP) regional transport project.

According to the explanation, after ratification, work on creating a company intended for the implementation of the aforesaid project will begin. It is necessary to make a number of legislative amendments to implement them in accordance with the framework agreement.