The court rejected Tashir Capital's claim against the Armenian government for 70% of ENA shares
14.07.2026,
19:23
The Armenian Administrative Court rejected Tashir Capital CJSC's claim against the government, the Armenian Ministry of Territorial Administration and Infrastructure reported.
YEREVAN, July 14. /ARKA/. The Armenian Administrative Court rejected Tashir Capital CJSC's claim against the government, the Armenian Ministry of Territorial Administration and Infrastructure reported.
The company, part of Samvel Karapetyan's Tashir Group, filed a lawsuit on July 1, 2026, demanding that the alienation of 70% of the shares of Electric Networks of Armenia CJSC be declared null and void as an exceptional measure under the Law on Energy and Article 60 of the Constitution of Armenia.
According to the ministry, the court concluded that such a claim was not subject to judicial review and found grounds for refusing to accept the application, as stipulated by Clause 1, Part 1, Article 80 of the Administrative Procedure Code of Armenia.
According to this provision, the administrative court refuses to accept a claim if the claim is not subject to judicial review.
ARKA News Agency requested comment from the press service of Tashir Capital.
On April 9, 2026, Armenian Prime Minister Nikol Pashinyan stated that ENA had already been de facto nationalized, and that this status would subsequently be formalized legally.
A draft resolution of the Armenian government recognizing the public interest in 100% of ENA shares was published on the legal information portal.
Earlier, several media outlets reported a possible valuation of the state acquisition of ENA at approximately $380,000. This amount is significantly lower than the investment made by Tashir Group in the energy company since 2016 – approximately $900 million. According to unconfirmed reports, the deal fell through due to the owner's disagreement.
The company, part of Samvel Karapetyan's Tashir Group, filed a lawsuit on July 1, 2026, demanding that the alienation of 70% of the shares of Electric Networks of Armenia CJSC be declared null and void as an exceptional measure under the Law on Energy and Article 60 of the Constitution of Armenia.
According to the ministry, the court concluded that such a claim was not subject to judicial review and found grounds for refusing to accept the application, as stipulated by Clause 1, Part 1, Article 80 of the Administrative Procedure Code of Armenia.
According to this provision, the administrative court refuses to accept a claim if the claim is not subject to judicial review.
ARKA News Agency requested comment from the press service of Tashir Capital.
On April 9, 2026, Armenian Prime Minister Nikol Pashinyan stated that ENA had already been de facto nationalized, and that this status would subsequently be formalized legally.
A draft resolution of the Armenian government recognizing the public interest in 100% of ENA shares was published on the legal information portal.
Earlier, several media outlets reported a possible valuation of the state acquisition of ENA at approximately $380,000. This amount is significantly lower than the investment made by Tashir Group in the energy company since 2016 – approximately $900 million. According to unconfirmed reports, the deal fell through due to the owner's disagreement.
