
ArmInfo. The procedures initiated by the Prosecutor General's Office of Armenia to confiscate the territory of the building in the center of Yerevan from the "Soglasie-Armenia" company contradict the RA Law "On Foreign Investments", as noted in the company's statement. The company's group of lawyers is also compelled to refer to the report of the Public Television Company (H1), as it "misleads the public and continues to serve as a pretext for unfounded speculation, damaging the company's reputation and inappropriately targeting its owner - the Chairman of the Union of Armenians of Russia and UNESCO Goodwill Ambassador Ara Abrahamyan".
, the company's lawyers note.
During the trial, the company presented all the necessary evidence to confirm the following: - The plot of 2859.0 sq. m was actually being used with the right to development and continues to be utilized. - The plot was an integral part of a land plot with a total area of 10,000 sq. m. m, with approximately 70% being developed.
Additionally, as noted, several works had been completed. , the lawyers note. Soglasie-Armenia CJSC claims that the company is a foreign investor. Since September 2001, they have made investments in the Republic of Armenia in the amount equivalent to about $200 million, including investments in projects such as the building of the department store and adjacent territories.
, particularly, Article 8. - - are contrary to international treaties on the protection of foreign investments, which prohibit illegal confiscation or obstruction of foreign investments. - - jeopardize the fulfillment of the international obligations of the Republic of Armenia. In the statement, the lawyers draw attention to the fact that the information disseminated by the Public Television Company about this process is not true and lacks legal and factual grounds. Particularly, the H1 report only presents the perspective of the prosecutor's office. The publication did not contact the legal team or the press service of Soglasie-Armenia CJSC. The statement fails to mention the press release distributed by the company regarding the decision of the Anti-Corruption Court.
the company's lawyers said in a statement.