Stockholm Arbitration Tribunal Fully Grants Armenia's Key Motion in the ENA Case
17.06.2026,
16:17
By its decision of June 16, 2026, the Stockholm Arbitration Tribunal fully granted Armenia's motion to sever the proceedings in the arbitration case "Liormand Holdings Limited and the Karapetyans v. Armenia," the press service of the Armenian government reported.
YEREVAN, June 17. /ARKA/. By its decision of June 16, 2026, the Stockholm Arbitration Tribunal fully granted Armenia's motion to sever the proceedings in the arbitration case "Liormand Holdings Limited and the Karapetyans v. Armenia," the press service of the Armenian government reported.
As noted in the statement by the Armenian government, Armenia presented arguments justifying the arbitral tribunal's lack of jurisdiction to hear the case. The international tribunal found that there were sufficient grounds to consider all arguments presented by the Armenian government as a separate matter at the preliminary stage of the proceedings.
According to the statement by the Armenian government, one of Armenia's significant arguments is that the Karapetyans do not meet the definition of "investor" as enshrined in the relevant international agreement and have violated Article 9(2) of that agreement.
The government stated that this important decision allows the international tribunal to consider jurisdictional issues at a significantly earlier stage and completely dismiss all claims brought against Armenia.
On April 9, 2026, Armenian Prime Minister Nikol Pashinyan announced that Electric Networks of Armenia had already been de facto nationalized, and that this status would subsequently be formalized legally.
As noted in the statement by the Armenian government, Armenia presented arguments justifying the arbitral tribunal's lack of jurisdiction to hear the case. The international tribunal found that there were sufficient grounds to consider all arguments presented by the Armenian government as a separate matter at the preliminary stage of the proceedings.
According to the statement by the Armenian government, one of Armenia's significant arguments is that the Karapetyans do not meet the definition of "investor" as enshrined in the relevant international agreement and have violated Article 9(2) of that agreement.
The government stated that this important decision allows the international tribunal to consider jurisdictional issues at a significantly earlier stage and completely dismiss all claims brought against Armenia.
On April 9, 2026, Armenian Prime Minister Nikol Pashinyan announced that Electric Networks of Armenia had already been de facto nationalized, and that this status would subsequently be formalized legally.
