Region: Kazakhstan

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

London court holds first virtual trial in Kazakh enforcement dispute

In response to the coronavirus pandemic, the High Court in London has broadcast a virtual trial on YouTube for the first time in its history – as a group of Moldovan creditors attempt to enforce a US$541 million Energy Charter Treaty award against Kazakhstan.

02 April 2020

Witness must testify in Central Asian bribery dispute

The English Court of Appeal has ruled that a UK-based witness can be compelled to give evidence in a New York-seated arbitration over alleged bribes paid to a Central Asian government despite the fact that he is not a party to the arbitration agreement.

20 March 2020

International Arbitration Court (IUS)

27 January 2020

International Arbitration Centre (IACAIFC)

27 January 2020

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