FORCED AUCTION OF THE PROPERTY OF MILANO BOUTIQUE SUSPENDED
ArmInfo
2010-05-06 14:18:00
ArmInfo.The forced auction of the property of Milano boutique was
suspended two days ago, the head of the Judicial Acts Compulsory
Enforcement Service (JACES) of the Ministry of Justice of Armenia
Mihran Poghossyan said during a press-conference today.
In Jan 2007 the government of Armenia adopted a decision to implement
a number of construction projects in Yerevan for public needs. The
construction sites embrace also the area of Milano boutique in
Abovyan Street 4. Avo F.M.KH. LLC has acquired the right to launch
construction in the given territory. The compensation to Olypm
production cooperative, the owner of Milano, was estimated at some
207 million drams. Olypm declined the money. The court ruled that it
should vacate the premises. In Mar the JACES forced the owner out of
the shop with its property put up for forced auction.