Wednesday, 17 June 2026
Stockholm Arbitration Tribunal satisfies Armenia’s motion in ENA case
The Stockholm Arbitration Tribunal, by its decision of June 16, 2026, fully satisfied Armenia’s motion to divide the proceedings into two parts: Liormand Holdings Limited and the Karapetyans v. Armenia.
Armenia had presented arguments to substantiate that the arbitral tribunal lacked jurisdiction to hear the case. The international tribunal found sufficient grounds to make all of the arguments presented by the Armenian Government the subject of a separate examination at the preliminary stage of the proceedings.
One of Armenia’s key arguments is that the Karapetyans do not meet the requirements of the concept of “investor” enshrined in the relevant international agreement, as well as have violated the requirements of Article 9(2) of that agreement.
This important decision makes it possible for the international tribunal to consider jurisdictional issues at a much earlier stage and completely dismiss all claims against Armenia.
