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The Chief Compulsory Enforcement Officer, General-Major of Justice Mihran Poghosyan is in the capital of Estonia, Tallinn on a two-day official visit. Press Service of the Compulsory Enforcement Service of Judicial Acts informs that the delegation headed by M. Poghosyan participates in an international conference on the topic ‘The EU Strategy for the Baltic Sea region and sectoral legal and economic issues, including insolvency’.

Mihran Poghosyan made a speech on the topic of ‘Enforcement proceedings and insolvency, the interrelation of the mentioned processes in the RA’.

He particularly highlighted that ‘the issues of the enforcement and bankruptcy proceedings interrelation are relevant in the RA, taking into account the constitutional changes adopted and still expected in connection with those issues during the last 2-3 years’.

Representing the legislative peculiarities connected with the sphere in Armenia, M. Poghosyan distinguished two main directions of the interrelation of enforcement and bankruptcy proceedings. The first is the revealing of debtor’s insolvency peculiarities during the enforcement proceedings and creation of prerequisites for initiating insolvency proceedings. The second is initiating of insolvency proceedings ‘regardless’ the enforcement proceedings and its influence on the enforcement proceedings. Afterwards each direction was separately discussed.

Summing up his speech and calling upon the steps for reforms in Armenia, M. Poghosyan highlighted the experience of foreign colleagues and realization of relevant steps aimed at experience exchange through further establishment of strong ties.

Among the participants of the conference there were Sweden, Finland, Norway, Denmark, Latvia, Lithuania, Slovakia, Germany, Moldova, as well as the International Union of Enforcement Officers.