ARMENIA Trends and Developments
Trends and Developments Contributed by: Varoujan Avedikian, Lena Mitichyan, Ani Tchagharyan and Anahit Zakaryan Andersen Legal
Andersen Legal (originally TK & Partners) was found - ed in Yerevan, Armenia, in 2012 as a boutique law firm specialising in financial and corporate law. In 2018, the firm evolved into a dynamic, full-service legal practice that serves nearly every sector of the Armenian economy. As the practice expanded, An - dersen Legal took the bold step of going global. In 2024, the firm joined Andersen Global, transitioning to Andersen in Armenia (Andersen Legal CJSC). Af - ter joining Andersen Global in 2025, it established a
dedicated tax and accounting practice (a separate subsidiary entity, called Andersen Tax CJSC) under the Andersen in Armenia umbrella, and now, in ad - dition to its legal services, the firm is proud to also offer tax, accounting, payroll and advisory services to its clients. Today, with a strong team of lawyers, tax advisors and accountants, Andersen Legal blends deep legal expertise with a global perspective to de - liver innovative, client-focused solutions locally and internationally.
Authors
Varoujan Avedikian is the managing partner of Andersen Legal Armenia, with over 20 years’ experience in banking, capital markets, insurance law and financial regulation. Formerly general counsel of the Central Bank
an LLM in International Business and Corporate Law from the American University of Armenia, and is a member of the Chamber of Advocates.
Ani Tchagharyan is an associate at Andersen Legal Armenia with solid experience in banking, corporate and commercial law. Before joining the firm, she served as legal counsel at various financial institutions, where
of Armenia, he led major financial sector reforms and co-authored numerous key legislative acts. His expertise spans corporate, commercial and financial transactions, M&A and private equity. A holder of ecoDa’s European Board Diploma, he has been recognised by international legal directories as a highly regarded lawyer and lectures in business and financial law at the AUA. Varoujan is the author of the “Law of Business” textbook, which is the first ever English textbook covering both Armenian legislation and international best practice.
she developed and implemented corporate governance and compliance frameworks. Ani is adept at navigating complex regulatory requirements affecting banking operations, financial reporting and risk management processes. Her practice includes advising international financial institutions on cross-border lending and finance transactions, from due diligence and structuring to the successful completion of major projects. Ani holds an LLM from the American University of Armenia and is a member of the Armenian Bar.
Lena Mitichyan is a principal associate at Andersen Legal Armenia (formerly TK & Partners), which she joined in December 2021. She leads the firm’s court representation practice, handling complex disputes
Anahit Zakaryan is an associate at Andersen Legal Armenia, having advanced from attorney assistant since joining the firm in 2022. She specialises in renewable energy, construction, corporate and financial
for major financial institutions, corporations and individuals. Lena advises on banking and financial law, corporate matters and intellectual property, and is certified by the Patent Attorneys Commission as a trustee. Lena is also a licensed mediator (since 2024). She lectures at the French University in Armenia (UFAR). Lena holds an LLB from UFAR and
law, advising on EPC and power purchase agreements, as well as investment and debt transactions. Her experience also covers bankruptcy
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