An emergency arbitrator has rejected new requests from the shareholders of Electric Networks of Armenia (ENA), citing that the claims differ from the initial submission and fall outside the arbitrator's jurisdiction and powers, according to the Armenian Prime Minister's Office.
On July 29, 2025, Liormand Holdings Limited, Samvel Karapetyan, Eteri Karapetyan, Sargis Karapetyan, and Karen Karapetyan (the "Claimants") again petitioned the Emergency Arbitrator appointed under the Arbitration Rules of the Arbitration Institute of the Stockholm Chamber of Commerce. They sought to supplement the arbitrator's July 22, 2025, decision in case EA 2025/121 with the following:
- A declaration that the Republic of Armenia is legally obligated to comply with the arbitration ruling,
- An order requiring Armenia to restore the status quo as of the date of the Claimants' initial application (July 16, 2025),
- An order for Armenia to inform both the Emergency Arbitrator and the Claimants of all measures taken to comply with the arbitration ruling (including restoration of the status quo), and to confirm the execution of interim measures within deadlines set by the arbitrator.
In a decision dated August 3, the Emergency Arbitrator fully rejected the Claimants’ demands, reasoning that the requests constituted new claims compared to the original application and that the requested provisional measures exceeded the arbitrator’s mandate.
On July 22, 2025, the Stockholm Chamber of Commerce’s Emergency Arbitrator had ordered Armenia to refrain from enforcing provisions of the recently passed "Energy Law" and "Law on the Public Services Regulatory Commission" on HEZ, and to halt any further expropriation-related actions against the company.
The Armenian government responded to the July 22 ruling, stating that "the scope of the dispute differs from the objectives of appointing a temporary administrator." It emphasized that while respecting the decision, all parties must also act in accordance with Armenian legislation.
