Tag: Kyrgyz Republic

Money Laundering Allegations by Kyrgyzstan against Latvian Investor Resurface in Paris Cour d’Appel

Money Laundering Allegations by Kyrgyzstan against Latvian Investor Resurface in Paris Cour d’Appel

In a recent judgment (21 February 2017), the Paris Cour d’Appel annulled the USD 15 million arbitral award in Valery Belokon v The Kyrgyz Republic rendered by the UNCITRAL tribunal against Kyrgyzstan under the 2008 Latvia-Kyrgyzstan BIT. The arbitral tribunal had previously rejected the allegations by Kyrgyzstan that the Claimant had, through its investment, Manas Bank, […]

By 28 February, 2017 0 Comments Read More →
Recent Investment Arbitration Disputes involving CIS States

Recent Investment Arbitration Disputes involving CIS States

The period of July–October 2016 has seen several developments in the field of Investor-State Dispute Settlement in the CIS region. The arbitral tribunals in these cases will further address issues such as: the succession of the former Soviet republics to USSR investment treaty obligations, the mandatory nature of local courts’ litigation provision in the Turkmenistan–Turkey […]

By 17 October, 2016 0 Comments Read More →
Consent to Treaty Arbitration Should be Specific, not General

Consent to Treaty Arbitration Should be Specific, not General

Recently investors vigorously but unsuccessfully tried to revive an arbitral award against the Kyrgyz Republic in the Russian courts. On 20 July 2015 the Arbitrazh Court of the Moscow Circuit rejected the cassation claim of companies Stans Energy Corp. and Kutisay Mining and upheld the ruling of the Arbitrazh Court of the first instance. The court upheld […]

Stans Energy and Kutisay Mining v. Republic of Kyrgyzstan

Stans Energy and Kutisay Mining v. Republic of Kyrgyzstan

Kutisay & Stans Energy v Kyrgyz Republic, Moscow Arbitration, Award Annulment, Decision dated 27 July 2015  

OKKV (OKKB) and others v. Kyrgyz Republic

OKKV (OKKB) and others v. Kyrgyz Republic

OKKV (OKKB) and others v. Kyrgyz Republic: Judgment of the Moscow Arbitrazh Court on Application to Set Aside Award (Russian) – 23 June 2014 Moscow Chamber of Commerce and Industry OKKV (OKKB) and others v Kyrgyz Republic Award (Russian) November 2013  

Kyrgyz Republic’s Mixed Fortunes in Investment Arbitration

Kyrgyz Republic’s Mixed Fortunes in Investment Arbitration

The Kyrgyz Republic found itself on the receiving end of a flurry of investment arbitration claims a couple of years ago. While it has since successfully resolved a number of cases, it has also lost several times. This post looks at two important recent developments. The first one is three awards rendered against the Kyrgyz […]

Sistem v. Republic of Kyrgyzstan

Sistem v. Republic of Kyrgyzstan

Sistem Muhendislik Insaat Sanayi ve Ticaret A.S. v Kyrgyz Republic, ICSID Arbitration (No. ARB(AF):06:1), 24 August 2009

Petrobart Ltd v. Republic of Kyrgyzstan

Petrobart Ltd v. Republic of Kyrgyzstan

  Petrobart Ltd. v the Kyrgyz Republic, SCC Arbitration (No. 126:2003) Award dated 29 March 2005 Petrobart Ltd. v Kyrgyz Republic, UNCITRAL Arbitration, Award dated 13 February 2003

ICSID Tribunal: Kyrgyzstan Judiciary’s Decisions Amounted to Expropriation

ICSID Tribunal: Kyrgyzstan Judiciary’s Decisions Amounted to Expropriation

The importance of an ICSID award rendered in a case which involved Kyrgyzstan goes beyond the facts of the case and covered topics such as the corruption of state officials, expropriation through judicial action and calculation of the value of expropriated property in the absence of comparable transactions in Central Asia. In 2005 the Kyrgyz […]

Heavy Blow to the Turkish Investors’ Claims Against Turkmenistan

Heavy Blow to the Turkish Investors’ Claims Against Turkmenistan

In a decision released by the ICSID on May 25, 2012 the Tribunal found that the Turkey-Turkmenistan BIT required submission of the dispute in question to the national courts before the initiation of international arbitration proceedings. The tribunal however specifically noted that it is yet to decide on the effect of non-compliance with this condition. […]