Legelata advises French Development Agency on a 75 million Euro facility

30/11/16

Legelata advises French Development Agency on a 75 million Euro facility

Legelata has acted as local counsel to French Development Agency for extension of a 75 million Euro facility to the Government of Republic of Armenia.

The funds under the facility agreement signed in 2016 will be used to build a reservoir with a capacity of 26 million cubic meters for agricultural needs.

“This transaction was a good test for our capability in dealing with public and private legal crossroads where public entities and public financial institutions are involved. It also showed off our skills of effective communication with the relevant government institutions” said Gor Margaryan, head of banking and finance practice in Legelata.

Be that as it may, we at Legelata are fond of contributing to the development initiatives for Armenia.