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Supporters of Daredevils of Sasoun marching from Liberty Square to Khorenatsi Street

Protest of supporters of Daredevils of Sasoun kicks off on Liberty Square

Healthcare Ministry: Doctors, who are on territory of seized building, applied first aid to injured Araik Khandoyan

Helsinki Citizens' Assembly Vanadzor Office: Police has detained activists Albert Baghdasaryan and Hasmik Yevoyan

Armenian Police: Wounded members of Daredevils of Sasoun Artur Melkonyan and Armen Lambaryan are hospitalized

Beeline and Classical Music Development Foundation sup up annual results of cooperation

Armenian NSS informs about detecting new supporters of "Daredevils of Sasoun" group

Armenian Police: Two other members of Daredevils of Sasoun are wounded in firefight on the territory of the seized building

"Oxfam" Office in Armenia revealed certain omissions in "In-home social services for lonely elderly" program

Armenia's Police: Firefighting occurred on territory of Police Patrol Service Regiment-Araik Khandoyan is wounded

Armenian Ombudsman urges state bodies and public figures to activate efforts for eliminating any forms of human rights violations

VTB Bank (Armenia) is the first on Armenian market to launch money transfers via TelCell system

Journalist Levon Barseghyan to be released

Son of Arshak Sadoyan, member of Public Council, arrested over violence against police officer

Lawyer: Health condition of wounded Pavel Manukyan deteriorates, as he refuses food and medicines

Avaz Hasanov: Karabakh conflict can be settled by common consent, if Russia is left out of it

Director of Emergency Aid CJSC says wounds of members of "Daredevils of Sasoun" in territory of seized police regiment not heavy

Family of Monte Melkonyan addresses Serzh Sargsyan over arrest of Alek Yenigomshyan

Newspaper: General Vitaly Balasanyan again mediates talks between "Daredevils of Sasoun" and authorities of Armenia

Police search Alek Yenigomshyan's house

Sources: Missing contract officer of 102nd Russian military base in Armenia found

Standoff in Yerevan, where armed group of Karabakh War veterans seized Police regiment, enters day 13: no incidents occurred overnight

Vartan Oskanian urges immediate release of Alek Yenigomshyan

"Please take me as hostage": Supporters of Daredevils of Sasoun have new slogan for today's protest

Armenia's NSS established identity of person who made false alarm on terror threat on July 27

Beeline continues registering participants of "Eurasia Mobile Challenge" local round

66 citizens were detained on July 27, 61 of them released

Anti-crisis group: Armenian authorities' violent actions provoke a wave of civil disobedience

Opposition demands to convey extraordinary session of parliament while most of MPs have gone on holiday to the best foreign resorts

"Daredevils of Sasoun" addresses Diaspora and world community asking condemnation for "unlawful" detention of Alek Yenigomshyan

HRH Yerevan condemns police activities against peaceful civilians, while public organizations demand extraordinary session of parliament

Sources in 102nd Russian military base in Armenia say contract officer disappears from base

Journalist Levon Barseghyan: "Freedom has its Price and I have always paid that Price!"

Oppositionist Alek Yenigomshyan detained on suspicion of supporting "Daredevils of Sasoun"

Health Ministry of Armenia says 14 citizens injured in recent developments in Yerevan still in hospital

Armenian Ombudsperson's Office representatives visit detained citizens

Azerbaijan targets positions in Talish village with grenade launchers

President of Journalists Club "Asbarez" Levon Barseghyan detained

Police of Armenia say almost of detained citizens set free

National Security Service of Armenia leaves open possibility of using force against "Daredevils of Sasoun"

Armenia's Police alarmed over bomb in Zvartnots International Airport

One of medical workers of Ambulance service released from seized building

One of leaders of Founding Parliament Alek Yenigomshyan detained

Arrest chosen as measure of restriction for Pavel Manukyan's son: Manukyan himself launched hunger strike

Leaders of "Founding Parliament" decide to hold protests on Liberty Square

Anti-Crisis group justifies its "mistakes" with intention to avoid bloodshed

Armenian police detaining all citizens passing by Khorenatsi Street near the seized building, foreign citizens among them

National Security Service of Armenia addresses members of Daredevils of Sasoun: The possibility still exists but the time is running out

Yenigomshyan believes in success of oppositionist movement

Representatives of Armenian Ombudsman's office visit Police department in Shengavit district and meet activist Levon Barseghyan

Regional

Auction on sale of property of Karen Demirchyan Sports and Concerts Complex is illegal

  • by Arthur Yernjakyan

  • Saturday, June 28, 02:54

The Armenian Civil Court of Appeal has declared the auction on the sale of property of the Karen Demirchyan Sports and Concerts Complex as illegal, Armine Hakobyan, lawyer of the Complex, has told ArmInfo's correspondent. 

She says that the auction is illegal because the decision of the first instance court of general jurisdiction has not yet come into force, but the Judicial Acts Compulsory Enforcement Service has already started the auctions. Three auctions have already been conducted and the fourth one will be conducted in the near future. The lawyer pointed out that none of the auctions caused the buyers' interests and given the decision of the Court of Appeal it is necessary to stop the auction to observe the letter of the law.  Recently, the starting price of the lot was 15,673,500,000 AMD. In early June 2014 the starting price was 17,415,000,000 AMD, and in May 2014 - 19,350,000,000 AMD. 

Earlier the Judicial Acts Compulsory Enforcement Service of Armenia (JACES) reported that in accordance with the order of enforcement submitted to JACES by the fist instance court of Kentron and Nork-Marash administrative districts, over 10.207 billion AMD was to be collected from the Karen Demirchyan Sports and Concerts Complex in favor of the Republic of Armenia. The debtor's property appraisal was examined on 15 April 2014.  

In the meantime, on May 21 the PR Department of the Sports and Concerts Complex disseminated a statement saying that the e-auctions launched by JACES were "illegal". The company disagreed with the market price (25.8 billion AMD) estimated by Best Realty LLC registered in the offshore zone in Panama. 
The Karen Demirchyan Sports and Concerts Complex accuses JACES employees of office abuse, because the court's verdict has not yet come into force and is currently being considered by the Court of Appeal.    

To note, the total area of the Complex (built in 1983) is 46335.7 sq.m., exclusive of the subsidiary facilities.  In 1985 the building of the Complex was damaged by a fire and opened only after renovation in late 1987.  The building was renovated by BAMO construction company (Russia). 

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