Region: Kazakhstan

Kazakh road authority beats bulk of ICC claim

Kazakhstan’s road authority has largely escaped a more than US$200 million ICC claim brought by Turkish contractors over a motorway project that forms part of China’s Belt and Road initiative.

23 August 2021

Statis threaten fresh claim against Kazakhstan

UPDATED: Moldovan investors Anatolie and Gabriel Stati have threatened Kazakhstan with a fresh Energy Charter Treaty claim over its refusal to pay an earlier US$545 million award, which the state alleges was obtained through fraud.

05 August 2021

Belgian appeal court upholds Kazakh asset freeze

The Brussels Court of Appeal has upheld an attachment over US$542 million worth of Kazakh state assets obtained by Moldovan investors seeking to enforce an Energy Charter Treaty award.

09 July 2021

Enhancing dispute settlement and prevention in Kazakhstan

A webinar organised by the World Bank and Kazakhstan’s Ministry of Justice considered the country’s efforts to improve its business and investment climate by enhancing dispute settlement and prevention mechanisms. Martin Gronemann of Friedrich-Alexander-University Erlangen-Nürnberg reports.

07 June 2021

UK energy company threatens Kazakhstan

A London-listed oil and gas company has instructed counsel for a threatened Energy Charter Treaty claim against Kazakhstan, where it potentially seeks hundreds of millions of dollars for the revocation of a licence and loss of its local operations.

01 April 2021

Kazakh mining award challenged by both sides

A Canadian mining company has applied to partially annul an award against Kazakhstan, saying it was “not the quality of justice we expected to receive from an ICSID tribunal” – while the state seeks to annul parts of the same award.

29 March 2021

Statis suffer setback in Luxembourg

The Supreme Court of Luxembourg has overturned the enforcement of a US$543 million Energy Charter Treaty award won by Moldovan investors Anatolie and Gabriel Stati against Kazakhstan, ruling that a lower court had violated due process when it refused to admit evidence of the state's fresh fraud allegations.

16 February 2021

Consortium settles Kazakh oil field dispute

An international energy consortium has paid US$1.3 billion to Kazakhstan to settle a long-running arbitration over revenue sharing at the Karachaganak oil and gas field in the northwest of the country.

15 December 2020

Panel told to rethink damages in Kazakh mining dispute

The Commercial Court in London has set aside the quantum findings in a US$50 million investment treaty award in favour of a Canadian mining company against Kazakhstan after ruling that the state was not given a fair opportunity to address damages.

24 November 2020

Kazakhstan hunts claimant's assets after Soviet treaty win

After defeating a US$917 million claim under a Soviet investment treaty and winning costs, Kazakhstan has applied for discovery from various US banks to track down the claimant's assets and sources of funding.

06 November 2020

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