Artur Hovhannisyan: The law on illegal property confiscation serves no real purpose

On April 2020 the Parliament adopted the Law “On Confiscation of Property of Illegal Origin”. Although. From the beginning, it was supposed to become one of the tools to fight against corruption, today many are alarming that they are attempting to apply this law in order to dispossess people and redistribute property.

In a conversation with Banks.am, attorney Artur Hovhannisyan, a partner of Concern Dialog Law Firm, told about the existing dangers, the options for dealing with them, as well as the global experience of confiscating property of illegal origin.

He manages the sectors of tax and administrative law in the company, provides judicial representation in civil and administrative cases. Artur Hovhannisyan’s cases include a number of illegal property confiscation proceedings, the factual bases of some of which, according to him, are even ridiculous.

1 Charents str., Office 207 Yerevan, 0025, Armenia

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1 Charents str., Office 207 Yerevan, 0025, Armenia

+374 60 27 88 88 +374 10 57 51 21