Region: Kazakhstan

ICDR claim against Kazakhstan fizzles out

An ICDR panel has terminated a claim against Kazakhstan brought by a controversial businessman who has been accused of helping to launder US$440 million in stolen funds from the country.

29 July 2022

Ericsson unit threatens claim against Kazakhstan amid criminal probe

A Croatian affiliate of Swedish telecoms equipment maker Ericsson has said it may bring an arbitration against Kazakhstan over a US$21.5 million contract for a health information platform that has led to criminal proceedings against a former minister.

20 April 2022

Court finds Kazakhstan bound by Soviet treaty

A UK court has ruled that a US$917 million arbitration against Kazakhstan can proceed after all, finding that an eminent UNCITRAL tribunal was distracted by “irrelevant material” when it found the state was not bound by an investment treaty signed by the former Soviet Union.

04 January 2022

Kazakhstan defeats ICSID claim over oil venture

An ICSID tribunal has rejected a US energy company’s US$460 million treaty claim against Kazakhstan over the alleged appropriation of an oil venture, according to the state.

29 November 2021

Belgian court finds Stati award obtained by fraud

A Belgian court has ruled that a US$545 million Energy Charter Treaty award against Kazakhstan cannot be enforced, finding that Moldovan creditors Anatolie and Gabriel Stati obtained it through fraud.

17 November 2021

Kazakh road authority sees off challenge to SIAC award

A Turkish contractor has lost its challenge to a nearly US$18 million SIAC award in favour of Kazakhstan’s road authority, with a Paris court ruling that complaints over procedural unfairness should have been raised in the arbitration.

19 October 2021

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

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