ArmInfo. The Armenian Parliament adopted amendments to the RA Law on Joint Stock Companies, providing for special regulations for companies established on the basis of international treaties. 64 deputies voted in favor of the bill, 0 voted against, and 0 abstained.
As Deputy Minister of Justice Tigran Dadunts explained at an extraordinary session of Parliament on November 12, this draft law envisages the introduction of a new institution in the Armenian legal system providing for special legal regulations, namely the creation of a flexible and predictable legal framework for such companies. Armenia is expanding its international economic cooperation, within the framework of which important infrastructure, transit, transport, energy, and investment programs will be implemented. "For the implementation of which separate companies may be created with the participation of the Republic of Armenia and foreign partners," Dadunts said.
The Deputy Minister emphasized that RA legislation, in particular the Law on Joint Stock Companies, has mandatory provisions that preclude the possibility of flexible regulation. At the same time, an international agreement should not regulate such corporate governance issues in detail. As a result, Dadunts noted, a discrepancy may arise between the governance model agreed upon for the implementation of the international project and the general norms of national legislation.
The institution we propose is a systemic solution to this problem, allowing companies created on the basis of international agreements to establish the specifics of their activities and management within the framework of the conditions stipulated by law.
This will give our legislation the necessary flexibility to respond to various formats of international cooperation, while maintaining guarantees of state participation and the protection of the public interest," the Deputy Minister said. The need for this institution, he said, arose within the framework of the TRIPP (Trump Route for International Peace and Prosperity) project and the ratification of the framework agreement. "By doing so, we are creating a legal mechanism for general application that can serve for future similar international programs," Dadunts added.
It was noted that this applies to companies established on the basis of ratified international treaties, if the state's share in them is 25% or more. Adoption of the amendments is necessary for the creation of a joint Armenian-American management company, the TRIPP Development Company. The US share will be 74%, Armenia's 26%. Armenia retains full sovereignty over the facilities. Financing is provided by private investment and the US Trans-Caspian Fund. This structure is intended for the implementation of the TRIPP infrastructure project.
As a reminder, on August 8, 2025, Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev signed a seven-point joint "Declaration of Peace" in Washington. It provides for a joint appeal to the Organization for Security and Cooperation in Europe (OSCE) to terminate the OSCE Minsk Process and related structures, as well as the creation of a transport corridor through Armenian territory (Syunikskub region), which will connect Azerbaijan with its Nakhchivan exclave, surrounded by Armenia, Turkey, and Iran. The TRIPP project is a 42-kilometer stretch of road through southern Armenia, which will be transferred to US control for 99 years.
