Caratube tribunal vindicates Gharavi’s decision to bring second claim

Caratube tribunal vindicates Gharavi’s decision to bring second claim

The award in Caratube II vindicates the decision of Hamid Gharavi of Derains & Gharavi to bring a second case against Kazakhstan on behalf of the oil company after jurisdiction was refused first time round, dismissing the state’s objections to its claims in their entirety and awarding US$39.2 million in damages. Claims by the company's majority stakeholder, Devinnci Hourani, were dismissed on jurisdictional grounds,

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