Dutch court seeks reinstatement of $5.2 billion Kazakh asset freeze

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By Joel Poultney (August 9, 2022, 6:44 p.m. BST) – Two Moldovan oil and gas investors are seeking to overturn a Dutch appeals court’s decision to overturn a freezing order on more than $5.2 billion of Kazakh assets as they attempt to enforce price arbitration against the former Soviet state.

Anatolia and Gabriel Stati appealed the case to the Dutch Supreme Court on Monday.

They are challenging a June decision lifting the seizure of Kazakhstan’s shares in KMG Kashagan BV, a Dutch entity through which the Kazakh state participates in an international consortium that holds a production sharing contract for the Kashagan oil field, located in the Caspian Sea.

The Statis were targeting stocks…

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