Liman Caspian Oil B.V. and NCL Dutch Investment B.V. v. Kazakhstan, ICSID Case No. ARB/07/14

>Claimant : Liman Caspian Oil B.V., NCL Dutch Investment B.V.
>Nationality : Netherlands, Netherlands
>Respondent : Kazakhstan
>Procedural rules applied : ICSID
>Chair : Karl-Heinz Böckstiegel
>Arbitrator appointed by Claimant : Kaj Hobér
>Arbitrator appointed by Respondent : James Crawford
>Invoked instruments : ECT
>Articles mentioned : Article 17 (1)
, Article 10 (1)
, Article 13
, Article 26
>Breaches alleged :
- (10.1) Fair and equitable treatment
> Breaches alleged :
- (10.1) Most constant protection and security
> Breaches alleged :
- (13.1) Expropriation
>Breaches found : No breach
>Case status : Award rendered
>Year of the award or agreement : 2010
>Year of registration : 2007

>Subject matter of the dispute: Claims arising out of the transfer of claimants' license to explore and extract hydrocarbons
>Amount claimed: Not specified
>Amount awarded: ZERO
>Costs of arbitration: Not specified
>Award legal costs: Each party bears its own legal costs
>Award costs of arbitration: Parties share costs equally

ARBITRAL DECISION

22 June 2010

Excerpts of Award dated June 22, 2010 made pursuant to Rule 48(4) of the ICSID Arbitration Rules of 2006