Dutch appeal court recognises award against Kazakhstan
The Statis intend to enforce the ECT award on Kazakh oil assets in the Caspian Sea (Credit: Shutterstock/aquatarkus)
The Amsterdam Court of Appeal has recognised a US$543 million Energy Charter Treaty award won by Moldovan investors Anatolie and Gabriel Stati against Kazakhstan – ruling the state had not established that alleged fraud had any “material effect” on the award.
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