Region: Kyrgyzstan

Burford wins enforcement against Kyrgyzstan

A Burford Capital subsidiary has won default judgment in its bid to enforce a US$25 million investment treaty award against Kyrgyzstan after the state failed to show up for the US proceedings.

15 June 2022

The Belokon ruling: reflections on the French approach to public policy

Flore Poloni, Thibaud Roujou de Boubée and Kimberley Bazelais of Signature Litigation in Paris explain why the French Court of Cassation’s recent decision to affirm the annulment of an investment treaty award because of signs of money laundering is less than satisfactory.

19 May 2022

Three decades after signing, Kyrgyzstan finally joins ICSID

Kyrgyzstan is finally to become a party to the ICSID Convention, which it signed 27 years ago, in 1995, but never acceded to after a ratification instrument signed by the then-president mysteriously disappeared on the way to the Kyrgyz embassy in Washington, DC.

22 April 2022

Kyrgyzstan reaches deal to end gold mine dispute

Kyrgyzstan has reached an agreement with Canadian mining company Centerra Gold that paves the way for the parties to settle an UNCITRAL dispute over the state’s seizure of one of the largest gold mines in central Asia.

04 April 2022

French court affirms annulment based on money laundering signs

France’s Court of Cassation has refused to reinstate a US$15 million investment treaty award against Kyrgyzstan that was annulled because of indications of money laundering.

24 March 2022

Kyrgyzstan trounces telecoms claim

Kyrgyzstan says it has defeated a claim worth nearly US$300 million over the alleged expropriation of a mobile operator, with a tribunal finding the investment was tainted by corruption.

12 October 2021

Canadian miner seeks interim relief over Kyrgyz project

Canada’s Centerra Gold has asked a sole arbitrator to block Kyrgyzstan from causing “irreparable damage” to a mining project it seized earlier this year.

28 September 2021

Latvian banker seeks to revive Kyrgyz award

A Latvian businessman is seeking to overturn a landmark French court ruling on corruption and reinstate his investment treaty award against Kyrgyzstan, GAR has learned.

22 July 2021

Fight over Kyrgyz gold mine escalates

Canada’s Centerra Gold says the Kyrgyz government has “effectively seized control” of a gold mining project as the company makes good on its threat to pursue UNCITRAL arbitration against the Central Asian state.

20 May 2021

Canadian miner threatens another claim against Kyrgyzstan

Two years after settling an investment dispute over a Kyrgyz open-pit mine, Canada’s Centerra Gold has threatened to bring a new arbitration against the Central Asian state in response to new legislation, tax demands and criminal and civil proceedings targeting the project.

12 May 2021

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