The Government of the Republic of Armenia informs that on July 29, 2019, Liormand Holdings Limited, Samvel Karapetyan, Eteri Karapetyan, Sargis Karapetyan and Karen Karapetyan (hereinafter referred to as the “Claimant”) once again applied to the Emergency Arbitrator appointed in accordance with the Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of Commerce with a request to supplement the arbitration award of the Emergency Arbitrator of July 22, 2019 in case EA 2025/121 with the following content:
1. To declare that the Republic of Armenia is legally obliged to implement the said arbitration award,
2. To oblige Armenia to restore the status quo that existed on the date of the Claimants’ first application (July 16, 2025), and
3. To oblige Armenia to inform the Emergency Arbitrator and The Claimants on all measures taken to enforce the arbitration award (including restoration of the status quo), and to approve the application of interim measures within the time limit(s) set by the Emergency Arbitrator.
By the award of August 3, 2020, the arbitrator dismissed the Claimants’ claim in its entirety on the grounds that new claims had been made compared to the original claim, and that his jurisdiction and authority did not extend to the requested interim measures.
We remind you that in the arbitration award of July 22, the Emergency Arbitrator rejected the Claimants’ demands to release Samvel Karapetyan from custody or replace him with another preventive measure, as well as to refrain from initiating a criminal case against the management or employees of the organization that is part of the Tashir Group. The official statement of the government on the interim measure issued by the Emergency Arbitrator against ESA is available at the following link.