On January 17th, Makar had the pleasure of participating in a seminar organized by Insol International in the vibrant city of Dubai. The event focused on pertinent topics such as reorganizations, alternative financing, cryptocurrencies, and cross-border insolvency. The seminar provided invaluable insights into the latest trends and best practices in the field.
During the seminar, Makar had the opportunity to meet with the President of Insol International, Scott Atkins. Together, they discussed the establishment of a member organization of Insol International in Armenia. Makar is pleased to share that a mutual agreement was reached, which will contribute significantly to the development of the bankruptcy sector, particularly the cross-border sector.
The establishment of a national organization will further strengthen Armenia’s position as a key player in the global insolvency and restructuring landscape. The organization will offer a range of benefits to its members, including access to global networks, resources, and knowledge-sharing opportunities.
Insol International is a world-renowned federation of national associations of accountants and lawyers who specialize in turnaround and insolvency. The organization has a global presence with over 44 member associations worldwide. Insol International is dedicated to promoting and enhancing the highest standards of professionalism and expertise in the field of insolvency and restructuring.
In the coming months, Makar and the team will begin the establishment process of the national organization in Armenia. The goal is to create a robust platform that will help promote the growth of the insolvency and restructuring sector in the country. The establishment of the national organization is a significant milestone for Armenia and a testament to the country’s commitment to promoting excellence in the field of insolvency and restructuring.