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.
Deux vidéos pour mieux démontrer et expliquer que l’ALÉNA constitue un obstacle a la poursuite des objectifs de protection de l’environnement et de lutte aux changements climatiques.
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.
Venezuela debió haber cancelado a la minera $25 millones en noviembre de 2017, $15 millones en diciembre de 2017 y en enero de 2018 otros $10 millones.
The recent Eiser v. Spain ICSID award is yet another example of a state being condemned to pay a large monetary sum merely because an investor has been economically disadvantaged by a reasonable and necessary regulatory change.