ISDS Case Map
Kazakhstan
The case is one of several brought to courts in Europe by Moldovan businessman Anatolie Stati who is attempting to force the Kazakh government to pay up in a dispute about his energy investments in the oil-rich country.
Frozen assets secure a US$520 million award against Republic of Kazakhstan.
Stockholm District Court issued a judgment clearing the way for the Stati parties to collect the US$520 million arbitration award against the Republic of Kazakhstan.
The assets held by the fund’s custodian were frozen last October after a lawsuit by Moldovan businessman Anatolie Stati who seeks to enforce a $500 million arbitration ruling against the Astana government.
Kazakhstan and the United States cooperate within the framework of the Central Asia Trade and Investment Facilitation Agreement, which promotes increased trade within the region.
Moldovan businessman Anatolie Stati will ask bailiffs to sell a $5.2 billion stake in the Kashagan oil field owned by a Kazakh sovereign wealth fund if Astana refuses to pay a $500 million arbitration award.
The Dutch court held that Kazakhstan is and will remain the sole shareholder of Samruk and that Samruk's board is controlled by Kazakhstan.
A majority tribunal at the International Centre for Settlement of Investment Disputes awarded Caratube International Oil Company LLP USD 39.2 million plus interest for the unlawful expropriation of its oil contract rights by Kazakhstan.
The legal row between Stati, his son Gabriel, two family-controlled companies and the Republic of Kazakhstan has dragged on for years in various courts.
MEPs approved a landmark partnership deal with Kazakhstan, the EU’s first Enhanced Partnership and Cooperation Agreement with a Central Asian country.
