ISDS Case Map
Kazakhstan
Frozen assets securing a $532 million award against Republic of Kazakhstan.
At the plenary session of the Senate of Kazakhstan, the deputies adopted a law on ratification of a temporary agreement on the formation of a free trade zone between the countries of the Eurasian Economic Union (EAEU) and Iran
Kazakhstan aims to become one of the top 30 developed economies by 2050, it is imperative for the nation to continue to appear as an attractive trade partner and a destination for extra-regional investors.
The Belt and Road Initiative provides a framework for Chinese investment to enhance existing infrastructure as well as build new production sites and trade routes to better connect China with the rest of the world.
ASEAN is considering the possibility to start negotiations with the Eurasian Economic Union (EAEU) on creation of a free trade agreement
The economic and trade cooperation between Vietnam and the EAEU has achieved important results after two years since the signing of the Free Trade Agreement between Vietnam and the Eurasian Economic Union (Vietnam-EAEU FTA), contributing to creating a motivation for the economic development of each country and expanding cooperation in the region.
A Belgian court has lifted a freeze on about $21.5 billion (16.2 billion pounds) in Kazakhstan’s National fund assets imposed after a dispute with a Moldovan businessman, the Kazakh justice ministry said.
The amount of the frozen assets, when compared to the US$520 million court award, is pretty hefty, unprecedented.
The Stati Parties have requested to enforce the award issued in their favor including by attaching Kazakh state commercial assets in the United States.
US court issued its ruling in favor of the plaintiffs in Stati et al. v. Rep. of Kazakhstan, a long-running litigation concerning the Stati Parties' efforts to enforce a $520 million arbitral award under the Energy Charter Treaty.
