LY Law Firm is delighted to share that our Managing Partner, Liana Yordanyan, spoke at the World Intellectual Property Organization (WIPO) training and mentoring program, “Unveiling Value: IP as a Driver for a Sustainable Armenian Wine Industry.” 

As global efforts to enhance transparency grow, beneficial ownership reporting is becoming a regulatory focus. Here’s a quick overview of requirements in Armenia and the USA:Armenia Since 2021, Armenia has required certain companies to disclose their beneficial owners, expanding the scope in 2022 and the requirement applies to all companies from 2023. This information is filed with the State Registry of Legal Entities and is publicly accessible.USA 

The European Union is making a move toward greater data transparency and innovation with EU Data Act, set to be applicable from 12 September 2025, with certain provisions to be applicable at later stages. This regulation governs both personal and non-personal data. Key requirements include: