Region: Kazakhstan

Curtis Mallet-Provost Colt & Mosle has promoted energy disputes specialist Susan Maples to partner in New York, while also promoting four new counsel in its Almaty and Astana offices.

18 April 2023

Kazakhstan has reportedly launched claims against several major energy companies over allegations they deducted US$16.5 billion in revenue from two oil and gas fields without obtaining approval.

06 April 2023

Kazakhstan has asked a US court to reverse its decision to enforce a US$500 million Energy Charter Treaty award, arguing the Moldovan creditors have turned the court into an “unwitting instrument of a massive fraud”.

03 March 2023

A Jersey oil and gas company says it has won an ICC arbitration against its Kazakh state-owned former partner in an onshore exploration block in Romania.

24 February 2023

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

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

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

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

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

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