The Stockholm Arbitration Tribunal, by its decision of June 16, 2026, fully satisfied Armenia's request for bifurcation of the proceedings in the arbitration case between Liormand Holdings Limited and Karapetyanner v. Armenia.
We are informed about this from the Government. Armenia presented arguments with which it substantiated that the jurisdiction of the arbitration tribunal to examine the case is absent. The international tribunal saw sufficient grounds to make all the arguments presented by the Government of Armenia the subject of separate examination at the preliminary stage of the proceedings.
One of the essential arguments of Armenia is that the Karapetyans do not meet the requirements of the concept of "investor" established by the relevant international agreement, and also violated the requirements of Article 9(2) of that agreement. This important decision makes it possible for the international tribunal to discuss jurisdictional issues at a much earlier stage and completely reject all claims against Armenia.
