Armenia wants to eliminate settlement agreements in confiscation of property of illegal origin
12.09.2026,
09:03
Armenian Prime Minister Nikol Pashinyan announced plans to abandon the practice of settlement agreements in cases involving the confiscation of property of illegal origin and seek the return of 100% of such property to the state.
YEREVAN, September 12. /ARKA/. Armenian Prime Minister Nikol Pashinyan announced plans to abandon the practice of settlement agreements in cases involving the confiscation of property of illegal origin and seek the return of 100% of such property to the state.
Currently, in Armenia, when a settlement agreement is reached, at least 75% of the property's value is transferred to the state, while up to 25% can remain with the defendant.
Pashinyan announced at a briefing on Friday that he had ordered the repeal of the relevant provision. "By the way, you are probably aware that the system for confiscation of illegally acquired property has a provision according to which, in the event of a settlement agreement, 25% remains, and 75% is returned to the state. I have ordered the repeal of this provision. The 25% is no longer there. Absolutely not," Pashinyan said.
According to him, the state has provided ample time to take advantage of this opportunity.
"We gave them this chance, but they haven't taken advantage of it for eight years. Now it needs to be reset. They must return 100 percent," the prime minister said.
Pashinyan stated that the planned legislative changes should completely eliminate the possibility of such settlement agreements.
Currently, in Armenia, when a settlement agreement is reached, at least 75% of the property's value is transferred to the state, while up to 25% can remain with the defendant.
Pashinyan announced at a briefing on Friday that he had ordered the repeal of the relevant provision. "By the way, you are probably aware that the system for confiscation of illegally acquired property has a provision according to which, in the event of a settlement agreement, 25% remains, and 75% is returned to the state. I have ordered the repeal of this provision. The 25% is no longer there. Absolutely not," Pashinyan said.
According to him, the state has provided ample time to take advantage of this opportunity.
"We gave them this chance, but they haven't taken advantage of it for eight years. Now it needs to be reset. They must return 100 percent," the prime minister said.
Pashinyan stated that the planned legislative changes should completely eliminate the possibility of such settlement agreements.
