Hovhannes Ghoukasyan, former owner of the Milano store in Yerevan, says he will take his eminent domain case regarding the seizure of is property by the government to the European Court of Human Rights.
Ghoukasyan says the government seized his property in 2009 but has failed to construct anything of public value on the site since.
“Tell me what public value has been built there in the past four years. They have done nothing with the property. The building has collapsed, that’s all,” says Ghoukasyan who adds that he has given up on defending his rights in the Armenian courts.
The law states that if the new property owners fail to begin work on the project for which the land was appropriated in the first place, the site must be returned to the original owner.
Viewed 2920 times Secret Deals, Fat Cat Officials, and Unbowed Citizens
Viewed 1867 times Russian-Armenian Businessman Owns Property in Moscow Forest Resort
Viewed 1713 times Kolkota Armenian Clergyman Rebuts Charges of Mismanagement and Election Fraud
Viewed 1518 times Central Bank Prez Buys Commemorative Coin for 24 Million
Viewed 1476 times Armenia's "Amot eh" Complex - Living in Shame
Viewed 1444 times 1,258th On the Waiting List: 25 Years after the Earthquake