Russian-Armenian businessman Samvel Karapetyan wins ENA case against  Armenian government at International Court 

ArmInfo. Russian businessman of Armenian origin Samvel Karapetyan has won a victory over the Armenian government in the international court in the case of nationalization of Electric Networks of Armenia (ENA) CJSC. This was reported by the council for the defense of Samvel Karapetyan.

"Samvel Karapetyan and his family won an urgent arbitration case  against the government of the Republic of Armenia. The Karapetyan  family initiated the consideration of the arbitration case at the  Arbitration Institute of the Stockholm Chamber of Commerce in the  manner prescribed by the Agreement on the Promotion and Protection of  Investments signed on January 18, 1995 between the Government of the  Republic of Armenia and the Government of the Republic of Cyprus. A  representative of the Government of the Republic of Armenia also  participated in the consideration of the case," the statement says.

It is emphasized that on July 22, 2025, the urgent arbitration  institution of the Stockholm Chamber of Commerce obliged the Republic  of Armenia to refrain from applying the provisions of the recently  adopted RA Laws "On Energy" and "On the Public Services Regulatory  Authority" to CJSC "Electric Networks of Armenia", as well as from  further steps to seize it.

"The arbitration concluded that urgent protective measures were  necessary, since the actions of the Republic of Armenia "raise  serious doubts about compliance with the Agreement on Mutual  Protection of Investments between Armenia and Cyprus."

The arbitration also noted that "in the absence of urgent protective  measures, it will be difficult for the plaintiffs to receive full  compensation for damages if they lose control over the company or,  even worse, cease to be its owners."

The decision of the emergency arbitration is subject to mandatory  execution by the Government of the Republic of Armenia," the  statement says.

Earlier, the Armenian parliament adopted a package of legislative  amendments aimed at nationalizing the ESA company owned by Tashir  Group. It was later signed by the President of Armenia. This was  followed by the appointment of Romanos Petrosyan as the acting head  of the ENA from the Armenian government.  He began his mission on  July 21. And with his first decree, he fired the acting CEO of the  ENA, David Kazinyan.

Phlanthropist and president of the Tashir Group of Companies Samvel  Karapetyan was detained on the night of June 18 in Yerevan by law  enforcement agencies of Armenia after he expressed support for the  Armenian Apostolic Church. In response, this was followed by open  threats from the Prime Minister. On the night of June 19, the Yerevan  Court of General Jurisdiction arrested Samvel Karapetyan for two  months. He is being held in the Yerevan-Kentron Penitentiary (the  famous "KGB basement" in the building of the National Security  Service of Armenia). He is accused of publicly calling for the  seizure of power in the country. Karapetyan does not admit guilt.