Real Estate Investor Looks To Revive $10.7M Armenian Claim


By Caroline Simson (April 15, 2022, 9:20 PM EDT) — A real estate investor who blamed Armenia for not doing enough when he was allegedly defrauded by a local business partner is looking to partially annul a November 2021 award denying his $10.7 million claim against the former Soviet state over a citizenship issue.

The International Centre for Settlement of Investment Disputes said it had registered the application for partial annulment submitted by Edmond Khudyan on Wednesday. As a result, enforcement of the award, which includes an order that Khudyan reimburse Armenia more than $737,000 in fees and expenses, has been put on hold for the moment.

In the award, the…

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