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Table of Content 1 WEEKLY CLIENT ALERTS TK&PARTNERS TABLE OF CONTENT 1. Bills in Parliament 2. Government Decrees 3. David of Sassoun: An Armenian Hero of the Nation N 13 #YourSupportTeam BILLS IN PARLIAMENT THE PRESENCE OF THE ACCOUNT HOLDER IN ARMENIA MAY ALSO BE CONFIRMED WITHOUT GOING TO A BANK BY THE PENSIONER It is suggested that the customer's (account holder's) physical presence in Armenia be confirmed by the bank without the pensioner visiting the bank. The bill has been included in the agenda of the regular sittings. Find more here. #YourSupportTeam GOVERNMENT DECREES 19TH PACKAGE TO NEUTRALIZE THE ECONOMIC CONSEQUENCES OF CORONAVIRUS During the government session on 27.05.2020, the 19th package of actions aimed to neutralize the economic consequences of coronavirus was approved. The purpose of the package is to help RA citizens and sole entrepreneurs to overcome the impact of the economic consequences of coronavirus by implementing competitive business programs. Therefore, by expanding entrepreneurial knowledge and increasing the availability of finance, the event will attempt to promote the implementation of entrepreneurial ideas of beneficiaries seeking to create a business from scratch, as well as innovative development of existing business programs of beneficiaries. The event is carried out through the Center for Investment Promotion Foundation by the method of providing guarantees for preferential lending. Lending is carried out by licensed banks and credit institutions operating in the territory of the Republic of Armenia. See more here. #YourSupportTeam AMENDMENTS AND ADDITIONS TO THE CODE OF ADMINISTRATIVE PROCEDURE During the government session on 27.05.2020 the Government approved the draft law "On amendments and additions to the Code of administrative procedure of the Republic of Armenia". Currently, both the filing of an administrative complaint under an administrative act and the filing of a claim for a challenge result in the suspension of the execution of the administrative act. The draft proposes to provide an exception to the automatic suspension of an administrative act based on Article 83 of the Code of Administrative Procedure. As a result, a third party's challenge of an administrative act will not automatically lead to suspension of the execution of the administrative act. Instead, during Administrative court proceedings, at the request of the plaintiff, the Court may wholly or partially suspend the execution of the administrative act by the general order envisaged by Article 83 of the Code of Administrative Procedure. We’d also like to note that this Draft has been developed due to the joint efforts of TK and Partners and the Ministry of Justice of RA See more here #YourSupportTeam SYSTEM OF INCOME DECLARATION FOR INDIVIDUALS At a meeting held on May 30, 2020, the Prime Minister of Armenia announced his intention to introduce a system of income declaration for individuals in Armenia. We will follow closely further development of this initiative and will inform our clients once this initiative materializes. #YourSupportTeam David of Sassoun: An Armenian Hero of the Nation Armenians like to create legends. Throughout the time, many fables and various stories of the past have been created and enriched the Armenian literature. One of the most prominent Armenian legends is Sasuntsi Davit epos or the epic of David of Sassoun. This is an Armenian national epic based on folklore. The History of Sasuntsi Davit Epos This Armenian legend is also known as “Sasna Tsrer” (Daredevils of Sassoun). The word “tsur” has different meanings in this context. It means crazy, courage, possessed, frantic, etc. One of the stories in the epos was written by Garegin Srvandztyants in 1873 and titled as “David of Sasun and Mher’s Door”. In 1889, another version was written by Manuk Abeghyan, and in 1939, with a group of epic specialists, Hovsep Orbeli publish the original collection of “Sasna Tsrer” which includes 60 narratives. One of the Armenian national poets - Hovhannes Toumanyan wrote Sasuntsi David poem. He was inspired by the Sasna Tsrer epic. The Structure and The Main Heroes of The Sasuntsi Davit Story The story consists of four main parts, and each part tells the story of a generation and is named after the main character of the branch: Sanasar and Baghdasar - the main heroes in this part are two brothers, sons of Tsovinar, the daughter of the Armenian king Gagik. There is something unrealistic related to how two sons were born. Once when Tsovinar was walking, she felt thirsty and prayed the heaven and a spring appeared in the rock. She drank two sips of water from the magic spring and got pregnant with twin boys. Mher The Great: This part of the epos is also known as Mher the Lion, because in the story, Mher killed a lion which was a plague for the people. Mher is the most important figure in this part. He is the son of Sanasar. Davit is Mher’s son and the main character of the Epic. Davit had a childhood full of hardships. He had to grow up with the absence of his parents, living with Ismil Khanum an enemy of his nation. Later he returned Sasun and rebuilt Maruta St Astvatsatsin the church founded by his father. He liberated the country from the Arabs. Little Mher was Davit’s the son and named after his grandfather – Mher the Lion. Davit cursed him and wished him to be immortal and childless. The curse came true. Sasna's last daredevil closed himself in Agravakar rock, saying: I will not stay in this world, If the world is evil, And the land is lazy. When the world destroyed and rebuild, When wheat is the size of a rosehip, And the barley is the size of a walnut, There is an order at that time, to come out. #YourSupportTeam .
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