Caratube International Oil Company LLP v. Republic of Kazakhstan

PDF - for LibraryIn Caratube v. Kazakhstan, the ad hoc ICSID annulment committee (the “Committee”) dismissed Caratube International Oil Company LLP’s (“CIOC”) application for annulment, finding that the ICSID tribunal (the “Tribunal”) did not (i) manifestly exceed its powers; (ii) seriously depart from a fundamental rule of procedure; or (iii) fail to state the reasons on which it based its decision, when it concluded that it lacked jurisdiction to adjudicate the dispute because CIOC had not proven it was owned or controlled by a foreign national.

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