Samvel Karapetyan’s family initiates investment arbitration against Republic of Armenia

Samvel Karapetyan’s family initiated international investment arbitration against the Republic of Armenia in the case of expropriation of Electric Networks of Armenia (ENA), Karapetyan’s Defense Council said in a statement.

The family is requesting that the arbitration tribunal compel the Republic of Armenia to compensate for both the damages already incurred and the anticipated future damage. According to preliminary estimates, the amount of damage is 500 million USD and is subject to final assessment by the arbitration tribunal.