A Belgian court has lifted a freeze on about $21.5 billion (16.2 billion pounds) in Kazakhstan’s National fund assets imposed after a dispute with a Moldovan businessman, the Kazakh justice ministry said.
US court issued its ruling in favor of the plaintiffs in Stati et al. v. Rep. of Kazakhstan, a long-running litigation concerning the Stati Parties’ efforts to enforce a $520 million arbitral award under the Energy Charter Treaty.
The case is one of several brought to courts in Europe by Moldovan businessman Anatolie Stati who is attempting to force the Kazakh government to pay up in a dispute about his energy investments in the oil-rich country.
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.
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.
Plus de 260 organisations, réseaux, syndicats et mouvements sociaux au niveau mondial, représentant plus de 280 millions de personnes, se sont mobilisés pour dénoncer l’impunité de Chevron en Équateur.
Thousands of demonstrators across all five continents have joined the International Anti-Chevron day to peacefully protest and display global crimes committed by the transnational company against human rights and the environment.
La Comisión Europea adoptó el pasado 14 de mayo una propuesta de Decisión del Consejo que autoriza las negociaciones para modernizar el Tratado de la Carta de la Energía (TCE), de la que forma parte la UE.