Home World News Samvel Karapetyan Seeks $500M in Arbitration Against Armenia Over Utility Seizure

Samvel Karapetyan Seeks $500M in Arbitration Against Armenia Over Utility Seizure

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SAT World News
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Samvel Karapetyan Seeks 0M in Arbitration Against Armenia Over Utility Seizure

YEREVAN (Sputnik) – Armenian businessman Samvel Karapetyan has launched arbitration proceedings against Armenia for seizing his utility company, Electric Networks of Armenia, in a bid to secure $500 million in compensation, his lawyers said on Tuesday.

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