Dutch court seeks reinstatement of $5.2 billion Kazakh asset freeze

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…

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of lawsuits, etc.)
  • Access to attached documents such as briefs, motions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and more!



About Author

Comments are closed.