ARMENIA Law and Practice Contributed by: Narine Beglaryan, Arianna Adamyan and Anahit Aloyan, Concern Dialog
2.8.12 Aircraft Export Permits/Licences Export airworthiness certificates for aircraft are issued in Armenia upon written request to the civil aviation authority. Standard processing is completed within 15 days of application receipt. For the export airworthiness certificate, the owner shall submit a technical inspection report and any des - tination-state-specific requirements. The civil aviation authority may coordinate with foreign authorities as needed to meet the requirements. The export airwor - thiness certificate specifies the destination country, any agreed-upon exceptions, and its validity period. The export airworthiness certificate becomes invalid when the aircraft arrives in the destination state, upon expiry, or once it’s registered abroad. 2.8.13 Costs, Fees and Taxes Concerning Export of Aircraft No significant costs/fees/taxes are charged in respect of the export of an aircraft. 2.8.14 Practical Issues Related to Deregistration of Aircraft If the aircraft is pledged, deregistration cannot be done without the consent of the pledgee. To deregister the aircraft from the aircraft registry, the owner or the representative of the owner shall submit to the Committee: Statutory Regimes Governing Restructurings, Reorganisations, Insolvencies and Liquidations The primary legal framework governing corporate reorganisation, insolvency/bankruptcy in Armenia includes the Law of the Republic of Armenia on Bank - ruptcy and the Civil Procedural Code. In cases involving bankruptcy proceedings with banks, credit organisations, investment companies, investment fund managers, and insurance companies, the applicable legal framework is the Law on Bank - ruptcy of Banks, Credit Organisations, Investment • the aircraft registration certificate; and • the aircraft airworthiness certificate. 2.9 Insolvency Proceedings 2.9.1 Overview of Relevant Laws and
All foreign documents must be translated into Arme - nian and, where necessary, notarised and legalised (apostilled). The Civil Aviation Committee may request these documents to verify the legal authority behind the deregistration request (the specific list of required documents may vary depending on whether they were issued in Armenia or abroad, as well as the legal sta - tus of the applicant). 2.8.9 Choice of Laws Governing Deregistration Power of Attorney A PoA may be governed by foreign law, provided that it explicitly specifies the powers being granted. It must either be bilingual, with one of the languages being Armenian, or be issued in a foreign language; in this case, it must be notarised, then legalised or apos - tilled to include the Armenian translation with notary verification. 2.8.10 Revocation of a Deregistration Power of Attorney Under Armenian law, a power of attorney cannot be irrevocable. The principal may revoke it at any time. 2.8.11 Owner’s/Lessor’s Consent In Armenia, deregistration and export of the aircraft from the aircraft registry can only be initiated by the aircraft owner. If the aircraft is pledged, deregistration cannot occur without the written consent of the pledgee. Should the pledgee wish to deregister and export the aircraft, a default under the secured obligation must occur first. Thereafter, the pledgee must exercise its right to enforce the pledge by realising the collateral and becoming the registered owner. Only once the register has been updated to reflect the pledgee’s ownership can the aircraft be deregistered and exported by the pledgee as the owner. The requirement for the lessee’s and pledgee’s con - sent to export the aircraft is governed by the contrac - tual relationships between the parties. Armenian law does not provide a statutory mechanism to enforce such consent requirements; therefore, any breach of these contractual consent provisions results solely in contractual remedies as specified in the relevant agreements.
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