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Ablyazov's company loses $1.5 billion arbitrage case against Kazakhstan

The Ad hoc Committee of the International Centre for Settlement of Investment Disputes (ICSID) has denied the appeal of Netherlands-based company KT Asia Investment Group BV that demanded $1.5 billion in compensation from Kazakhstan for allegedly nationalising the company's minority share in BTA Bank.

Ablyazov's company loses $1.5 billion arbitrage case against Kazakhstan
Tengrinews.kz illustration
International Arbitrations bring $3 billion to Kazakhstan in 2013

Kazakhstan won $3 billion in international arbitrations in 2013.

International Arbitrations bring $3 billion to Kazakhstan in 2013
Mukhtar Ablyazov. Tengrinews.kz stock photo
Kazakhstan wins lawsuit against Mukhtar Ablyazov's company

Kazakhstan succeeded in proving that KT Asia was one of Ablyazov's shell companies used to move asset from one company to another.

Kazakhstan wins lawsuit against Mukhtar Ablyazov's company
©REUTERS
S. Korea vows 'aggressive' defence against Lone Star claim

South Korea said it would "aggressively" defend itself Thursday after a US private equity firm initiated arbitration of a damages claim arising from the sale of its stake in a Korean bank.

S. Korea vows 'aggressive' defence against Lone Star claim
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