On restrictions on the use of funds deposited by a purchaser in a special account of a constructor

Dear Colleagues, According to the amendments introduced in the Civil Code of the Republic of Armenia, on October 15, 2023, new legal provisions came into force, which set new restrictions on the full or partial use by the developer of the funds deposited by the buyer in the constructor's account. To find out more details and get a consultation, you can contact us at 093 12 30 08.