Corporate Law at Artsakh
Here’s an overview of Corporate Law in Artsakh (Nagorno-Karabakh Republic):
⚖️ Corporate Law in Artsakh (Nagorno-Karabakh Republic)
The Republic of Artsakh (Nagorno-Karabakh) is a self-declared republic with limited international recognition and a complex legal status. Its legal system, including corporate law, is largely modeled on that of the Republic of Armenia, due to close political, economic, and legal ties.
However, due to the recent conflicts and Azerbaijan’s reassertion of control over the region in 2023, the de facto institutions of Artsakh, including its independent legal and corporate regulatory framework, have been largely dissolved or integrated into Azerbaijan’s system.
📜 Historical Legal Framework (Prior to 2023)
Before the dissolution of its government in late 2023:
The Republic of Artsakh had its own laws on business and corporate activity, largely modeled on Armenia’s corporate legislation.
Corporate forms included:
Limited Liability Companies (LLCs)
Joint-Stock Companies (JSCs)
Individual Enterprises
Cooperatives
The Ministry of Economy and Production Infrastructures of Artsakh oversaw business registration and corporate compliance.
Foreign investment was permitted and regulated under local laws, and the region attempted to attract diaspora and Armenian investors despite international sanctions and restrictions.
⚠️ Current Situation (Post-2023)
As of late 2023:
The de facto Republic of Artsakh ceased to exist following Azerbaijan’s military operation and reintegration of the territory.
The legal and corporate regulatory environment is now under Azerbaijani jurisdiction.
Any previous business registrations, corporate structures, or laws of the Artsakh authorities are no longer legally valid under international or Azerbaijani law.
Summary
| Aspect | Status |
|---|---|
| Independent Corporate Law | Previously modeled on Armenia’s (now defunct) |
| Recognition | Not internationally recognized |
| Legal Authority | Dissolved as of 2023 |
| Current Governance | Under Azerbaijani law and administration |
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