INSURANCE MONEY BEING RETURNED
Yerkir
31.08.2007 15:29
YEREVAN (YERKIR) – US-based Vardges Yehiayan law firm president Armen
Baghdoyan says the lawsuit against the L’union vie, Caisee paternelle
and La confiance companies has been settled with the AXA company.
Baghdoyan presented details of this process as well as the results
of the case with the New York Live Insurance at a news conference in
Yerevan today.
The representatives of the law firm said that the deadline for
applications has been extended until January 7, 2008, according
to a court ruling. More information is available on the site
The total amount has been calculated to be about $11.5 million.
Baghdoayan said that L’union vie had the lion’s share among the
banks operating in the Ottoman Empire. He said that unlike before,
the names of people will be mentioned in the lists to make it easy
for people to find their ancestors.
As for the New York Live Insurance, he said that about $4 million has
been left unclaimed and the money will be given to Armenian charities
in the US.
In case of AXA, about $3 million has bee allocated for the same goal.
Baghdoyan also said that 2,515 Armenians from 26 countries have
received the compensation money, which is 50 per cent of the total
amount of applications.
Most compensations were received by Armenia Armenians – 1,254 people
with a total amount of $3.675 million, followed by the USA with 869
people, then France with 141 and Canada with 68.
Eight people living in Turkey got a total of $14,000.