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Kazakhstan


Kazakhstan held liable for expropriation of Hourani family’s investment on second round of ICSID arbitration
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.
BNY Mellon freezes $22 bln in Kazakhstan assets
The legal row between Stati, his son Gabriel, two family-controlled companies and the Republic of Kazakhstan has dragged on for years in various courts.
MEPs overwhelmingly ratify EU-Kazakhstan landmark partnership agreement
MEPs approved a landmark partnership deal with Kazakhstan, the EU’s first Enhanced Partnership and Cooperation Agreement with a Central Asian country.
Hamid Gharavi and Melanie van Leeuwen secure a third consecutive victory against Kazakhstan for a US$ 30 million award
An ICSID tribunal has ordered Kazakhstan to pay nearly US$25 million for the seizure of investments at the port of Aktau on the Caspian Sea.
Derains & Gharavi : Press release on behalf of Caratube International Oil Company LLP and Mr. Devincci Hourani
An ICSID Arbitral Tribunal ordered Kazakhstan to pay Caratube USD 39.2 million in damages, plus USD 1,207,757.44, and well over 10 million USD in interest.
Case summary: Stati, Ascom & Terra Raf v. Kazakhstan
The dispute is based on the Energy Charter Treaty (ECT) and was initiated by Moldovan businessman Anatole Stati, his son Gabriel Stati and two companies owned by them.
Energy Charter Treaty award upheld in challenge proceedings
The Svea Court of Appeal rejected the Republic of Kazakhstan’s request to declare invalid or set aside the arbitral award in Stati v Kazakhstan. The judgment cannot be appealed.
‘FTA between India, Eurasian Economic Union soon’
Discussions on a free trade agreement between India and the Eurasian Economic Union are at an advanced stage and an agreement could be reached as early as the end of the year.
Canadian miners can take Kazakhstan to court for seized assets, rules tribunal
Eligible Canadian investors with property confiscated by the government of Kazakhstan are now legally entitled to international arbitration under the Canada/USSR BIT.
Eurasian Economic Union eyes free trade zone with Asia-Pacific countries — Medvedev
The Eurasian Economic Union (EEU) between Russia, Belarus and Kazakhstan may establish a free trade zone with the Asia-Pacific countries, Russian Prime Minister Dmitry Medvedev said on Thursday.
Kazakhstan may leave EEU if its interests are infringed: Nazarbayev
Kazakhstan has a right to withdraw from the Eurasian Economic Union if its interests are infringed, President of Kazakhstan Nursultan Nazarbayev reminded in an interview to Khabar TV Channel.
The geopolitics of the Eurasian Economic Union
The deal signed last week by Russia, Belarus, and Kazakhstan to create a Eurasian Economic Union is yet another countermeasure against US and European attempts to isolate Russia.
Talks on free trade agreement among CU and EFTA countries held in Astana
Negotiations on concluding a free trade agreement among the member-states of the Customs Union of Belarus, Kazakhstan, the Russian Federation and the countries of the European Free Trade Association (Iceland, Lichtenstein, Norway and Switzerland) are under way.
Peru starts talks on FTA with Russia, Turkey, Israel
Peru’s Minister of Foreign Trade and Tourism, Magali Silva, said that Peru has started the first talks toward an eventual free trade agreement between Russia, Kazakhstan, Belarus, India, Indonesia, Turkey and Israel.
India to hold FTA plus talks with Customs Union troika
India and the Customs Union of Russia, Belarus and Kazakhstan will hold talks for a free trade agreement plus in June this year, Commerce Minister Anand Sharma and Chairman of Board of the Eurasian Economic Commission Viktor Khristenko decided during their talks here on Tuesday.
It’s time for free trade pact with Russia, says India
India and the Customs Union of Russia, Kazakhstan and Belarus will hold their first-ever talks on a free trade agreement with the arrival on Tuesday of Victor Khristenko, Chairman of the Board of the Eurasian Economic Commission.
Uzbekistan might join CIS free trade zone in May 2013
Uzbekistan might join the free trade zone of the Commonwealth of Independent States by the end of May 2013, Director of the First Department of the CIS States of the Russian Foreign Ministry told reporters on 29 January before the start of ministerial consultations in the CIS Executive Committee, BelTA has learnt.
European Free Trade Association and Customs Union negotiate on free trade agreement
Kazakh city of Astana hosts the seventh round of negotiations on free trade agreement between the member states of the Customs Union (CU) and the countries of the European Free Trade Association (EFTA) on January 28-31, Kazakh Economy and Budget planning ministry reported on Monday.
India, Russia agree on Comprehensive Economic Cooperation Agreement with Belarus-Kazakhstan
With an aim to boost trade ties, India and Russia have agreed to jointly study a Comprehensive Economic Cooperation Agreement with Belarus-Kazakhstan and exuded confidence to acheive ambitious an trade target of $ 20 billion by 2015.
Kazakhstan wins the arbitration proceeding versus Caratube company
On 5 June 2012 the arbitral tribunal of the International Centre for Settlement of Investment Disputes (ICSID) adopted the decision on the case initiated by Caratube International Oil Company LLP (CIOC) against the Republic of Kazakhstan.