On March 22, 2019, the Central Bank issued the ‘Galust Gulbenkian-150’ golden coin, on the obverse
and reverse of which the works of sculptor Ferdinand Arakelyan are depicted. The authors of the coin
sketches were named Harutyun Samuelyan (obverse) and Vardan Vardanyan (reverse).
The widow and heir of Ferdinand Arakelyan, Hasmik Yeghiazaryan in attempt to protect her husband’s
copyright, after ineffective negotiations, appealed to the court of first instance in 2021.
The representative of Hasmik Yeghiazaryan and the director of ‘LAWSUIT’ LLC Ani Davtyan noted that
the author’s property rights are valid during the author’s lifetime and continue to be valid for 70 years
after his death. Sculptor Ferdinand Arakelyan died on April 21, 2018.
The case is currently pending in the Appeal Court of the Republic of Armenia.
To get acquainted with the pre-trial course of the judicial case ‘Hasmik Yeghiazaryan v. the Central Bank
of the Republic of Armenia’, follow the link.
