YPC Weekly Newsletter

2002


HSBC-ARMENIA BANK AND “GOLOS ARMENII” AND “YERKIR” NEWSPAPERS LOOK FOR WAYS TO AGREEMENT

 On April 19 at the Chamber for Civil and Commercial Cases of the RA Court of Cassation the second session on the case of HSBC-Armenia bank versus “Golos Armenii” and “Yerkir” newspapers took place. “Golos Armenii” and “Yerkir” addressed the supreme judicial body of the country challenge the decision of the RA Commercial Court of March 4, which secured the suit of HSBC-Armenia and required the publications to refute the information disseminated on October 29, 2001 by “Noyan Tapan” news agency and published by them the next day (see YPC Weekly Newsletter, March 2-8, 2002). According to “Noyan Tapan” piece, Ruben Hakobian, the author of “ArTarumian” non-licensed Armenian fonts, accused the bank of computer piracy and filed a suit against it (see details in YPC Weekly Newsletter, March 16-22, 2002 and February 9-15, 2002).

As it has already been reported, at the first session at the RA Court of Cassation on April 5 the parties were given time to discuss the possibilities for an agreement. HSBC-Armenia bank introduced its suggestions to the newspapers directly before the second session, on April 19. For this reason the respondents asked the court to allocate time to study the suggestions of the plaintiff.

The next session is scheduled for May 3.