Property Rights vs. State Interest: ENA Case Developments

The decision of the Public Services Regulatory Commission to revoke the license of "Electric Networks of Armenia" has created an uncertain situation about the company's future, especially against the backdrop of the criminal case against Samvel Karapetyan.

Experts warn that the process could be seen as a forced transfer of property, which would deal a serious blow to Armenia's investment environment, especially considering the injunction from the Stockholm arbitration. Meanwhile, the authorities are discussing three options for the future of ENA, but the uncertainty and risks could deter any international investor.