Blog Archives

Turkish Banks Not Immune from Suit in U.S. Courts for Taking of Property of Armenian Genocide Victims

Turkish Banks Not Immune from Suit in U.S. Courts for Taking of Property of Armenian Genocide Victims

On March 26, 2013, a U.S. federal district court in Los Angeles sided with Armenian plaintiffs in a hard-fought case involving reparations for land seized from Armenians in Turkey during the Armenian Genocide. Nearly 15 months after the Turkish Central Bank and T.C. ZiraatBankasi, a state-owned agricultural bank, asserted sovereign immunity and asked the court […]

The Central Bank of Armenia (CBA) issued a statement in response to an article by Reuters

The Central Bank of Armenia (CBA) issued a statement in response to an article by Reuters

The statement reads: The banks in the Republic of Armenia, operating under the supervision of the Central Bank of Armenia, are subject to the laws of the Republic of Armenia, the regulations of the Central Bank of Armenia, and the banks’ internal rules. One of the supervisory tiers of the Central Bank of Armenia is […]

Iran looks to Armenia to skirt bank sanctions

Iran looks to Armenia to skirt bank sanctions

With international sanctions squeezing Iran, the Islamic Republic is seeking to expand its banking foothold in the Caucasus nation of Armenia to make up for difficulties in countries it used to rely on to do business, according to diplomats and documents. Iran’s growing interest in its neighbor Armenia, a mountainous, landlocked country of about 3.3 […]

css.php