Soglasie Armenia, owned by president of the Union of Armenians of Russia and businessman Ara Abrahamyan, announced plans to appeal a court decision ordering the return of a 2,859.4 square meter plot on Yerevan’s North Avenue to the city.
According to the company, the Anti-Corruption Court disregarded objective facts and “favored arbitrary dispossession without proper legal grounds,” writes Panorama.am .
The company emphasized that the verdict is not yet final. The case involves a civil suit filed by Armenia’s Prosecutor General’s Office to revoke the company’s ownership rights and registration over the land, formerly the site of the Children’s World department store.
Soglasie Armenia claims the judgment is linked to Ara Abrahamyan’s public profile as a businessman, UNESCO goodwill ambassador, and head of the Russian-Armenian Union. The firm adds that all construction works are ongoing and challenges stem from delays and obstacles posed by government bodies. It also highlights its role as a foreign investor.
The company argues the court’s reasoning contradicts not only rulings by Armenia’s Constitutional and Cassation Courts but also principles upheld by the European Court of Human Rights.
Soglasie Armenia says it will file an appeal within the legal deadline, noting that in a similar case involving an adjacent plot owned by a politically affiliated company, the same judge rejected the state’s claim.
On July 25, the Anti-Corruption Court ruled to return the disputed plot, formerly owned by Soglasie Armenia, to the Yerevan municipality.
