The 10,000-square-meter land plot located in Victory Park will be returned to the Republic of Armenia after the Administrative Court of Appeal fully granted the Prosecutor General’s complaint.
The Administrative Court’s March 11, 2024 ruling was fully overturned and amended.
The Prosecutor General’s Office filed the lawsuit because, under Yerevan mayor’s Decision No. 1619-A of April 8, 2008, “On the alienation to Golden Palace Hotel LLC of the land plot at 2/5 Azatutyun Avenue granted with development rights,” a 10,000-square-meter plot was alienated to Golden Palace Hotel LLC. The area fell within the restrictions stipulated by Article 60 of the Land Code and was not subject to alienation.
Once the judicial act of the Administrative Court of Appeal enters into force, amendments to the aforementioned decision of the Yerevan mayor will also be declared invalid as a consequence. The May 29, 2008 direct land sale agreement No. 4204 between the Yerevan mayor and Golden Palace Hotel LLC, as well as the state registration of the company’s ownership rights, will also be declared invalid.
As a result, the 10,000-square-meter land plot located within Victory Park will be returned to the Republic of Armenia.
