“Tashir Capital” requests court to suspend government’s potential steps toward acquiring ENA property
“Tashir Capital” CJSC has applied to the court, requesting a temporary ban on actions by the RA Government aimed at acquiring the shares or property of the “Electric Networks of Armenia” (ENA) company. This information was shared with journalists by the company’s representative, Vardan Aloyan.
On the same day, the first session of the legal proceedings between “Tashir Capital” CJSC and the Public Services Regulatory Commission (PSRC) commenced, concerning the issue of revoking ENA’s electricity distribution license.
According to Aloyan, the defense has requested the court to apply interim measures for securing the claim, considering that the judicial investigation is expected to be completed within two months, while the government is granted three months by law to submit an offer for the acquisition of ENA’s shares or property. On these grounds, according to him, a motion was also submitted to suspend the administrative proceedings.
He informed that the court rejected the motion to involve the temporary manager of ENA, Romanos Petrosyan, as a third party in the case, and also did not allow “Tashir Capital” to represent ENA’s interests. In Aloyan’s assessment, in this situation, the company is effectively deprived of the opportunity for effective judicial protection.
In his view, this circumstance denies ENA the opportunity for a full defense, as was also the case during the administrative proceedings.
Attorney Aram Orbelyan, for his part, noted that initially they saw no need to submit a motion for securing the claim, as the case was supposed to be completed within the set timeframe. However, when the government representative requested time to present a position, the defense decided to apply to the court.
Orbelyan added that they see constitutional issues related to the legislative changes adopted regarding ENA. According to him, the matter is currently before the Constitutional Court, which will examine the case on February 4.