- >Subject matter of the dispute: Alleged campaign of harassment by the State, which culminated with the abrupt cancellation of oil and gas exploration contracts held by claimant's local operating companies, followed by the seizure of its Kazakh assets
- >Amount claimed: USD 2.6 billion
- >Amount awarded: USD 497,685,101
- >Valuation method: income-based approach (discounted cash flow); actual investment; market-based approach (arm's length offer)
- >Interest rate: US Treasury bills (6-month)
- >Costs of arbitration: USD 1,069,470.98
- >Award legal costs: Claimant was awarded USD 8,975,496.40 (50% of legal costs)
- >Award costs of arbitration: Respondent bears 75% of the costs
ARBITRAL DECISION
19 December 2013 |
ANNULMENT PROCEEDINGS
9 December 2016 |
24 October 2017 Decision of the Supreme Court of Sweden - Swedish | English (unofficial translation) |
9 March 2020 Decision of the Svea Court of Appeal - Swedish | English (unofficial translation) |
18 May 2020 Decision of the Supreme Court of Sweden (unofficial translation) |
ENFORCEMENT PROCEEDINGS (Belgium - Italy - Luxembourg - Netherlands - United Kingdom - United States)
Belgium 25 May 2018 - Decision of Brussels Court of First Instance 20 December 2019 - Decision of Brussels Court of First Instance 16 November 2021 - Judgment of Brussels Court of Appeal
Italy 27 February 2019 - Judgment of Rome Court of Appeal
Luxembourg 19 December 2019 - Judgment of Luxembourg Court of Appeal
Netherlands 6 November 2018 - Decision of Amsterdam Court of Appeal 7 November 2019 - Decision of Amsterdam Court of Appeal
United Kingdom 1 September 2015 - Decision of the High Court of Justice 6 June 2017 - Judgment of the High Court of Justice 26 February 2018 - Notice of Discontinuance 11 May 2018 - Judgment of the High Court of Justice 22 April 2020 - Judgment of the High Court of Justice
11 May 2016 - Order of the United States District Court for the District of Columbia 5 August 2016 - Memorandum Opinion of the United States District Court for the District of Columbia 23 March 2018 - Order of the United States District Court for the District of Columbia 23 March 2018 - Memorandum Opinion of the United States District Court for the District of Columbia 13 November 2018 - Order of the United States District Court for the District of Columbia 30 March 2019 - Memorandum Opinion of the US District Court for the District of Columbia 19 April 2019 - Judgment of the United States Court of Appeals for the District of Columbia Circuit |