ArmInfo. The decision of the Arbitration Institute of the Stockholm Chamber of Commerce (SCC) on ENA is to be promptly enforced, as stated by Nairi Sargsyan, Chairman of the Audit Chamber and head of the "Armenia is Me" initiative, during a press conference on July 22.
According to him, there are two possible outcomes following the decision: the first involves a legal process that requires the immediate change of the manager at the State Register Agency of Legal Entities within the Ministry of Justice of Armenia. " ENA should continue its regular operations," Sargsyan said.
The situation may also unfold in a more aggressive, "Pashinyan" scenario, where the authorities persist in creaintg artificial obstacles for a period of time. However, these actions are also subject to legal assessment, he emphasized. The economist also highlighted that Armenia's business reputation has already suffered due to the launch of the nationalization process of "Electric Networks". The forced seizure of property rights started right after the statement of Prime Minister Nikol Pashinyan. "Consequently, in such circumstances, no significant investor would consider investing in such a country," Sargsyan noted.
