Edmond Khudyan and Arin Capital & Investment Corp. v Republic of Armenia - United States District Court for the District of Columbia Civil Action No 2024-1054 - Memorandum Opinion - 14 July 2025
Country
Year
2025
Summary
MEMORANDUM OPINION
The plaintiff, Edmond Khudyan, brings this civil action against the defendant, the Republic of Armenia, pursuant to 22 U.S.C. § 1650a and Article 54 of the Convention on the Settlement of Investment Disputes between States and Nationals of Other States (the "ICSID Convention"), seeking recognition and enforcement of a judgment entered in an International Centre for Settlement of Investment Disputes ("ICSID") annulment decision in the amount of $438,393.84 issued in favor of the plaintiff and against the defendant by an international tribunal on July 21, 2023, in ICSID Case No. ARB/17/36. See Petition to Recognize Arbitration Award Pursuant to 22 U.S.C. § 1650a, (Khudyan v. Republic of Armenia, ICSID Case No. ARB/17/36, Decision on Annulment ¶ 259 (July 21, 2023)) ("Annulment Decision"), Currently pending before the Court are (1) the plaintiff's Petition to Recognize Arbitration Award Pursuant to 22 U.S.C. § 1650a ("Pl.'s Pet."), which the defendant opposes, see Opposition to Khudyan's Petition to Enforce Annulment Award, Counterpetition to Confirm Arbitral Award ("Def.'s Counterpet.") at 1, and (2) the defendant's counterpetition to confirm a prior arbitral award in favor of the defendant and against the laintiff and Arin Capital & Investment Corporation ("Arin Capital"). Upon careful consideration of the parties' submissions, the Court concludes for the following reasons that it must grant the plaintiff's petition and deny the defendant's counterpetition.
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