United State District Court, District of Columbia, 23 March 2018, Anatolie Stati, Gabriel Stati, Ascom Group, S.A., Terra Raf Trans Traiding Ltd., v. The Republic of Kazakhstan, no. 14-1638 (ABJ)

On 23 March 2018, the District Court denied Kazakhstan’s motion for reconsideration and confirmed the 500 million dollars award under the Energy Charter Treaty in favor of the Moldavian investors regarding oil use rights in Kazakhstan. When the investors sought enforcement in the United States, Kazakhstan opposed it on the grounds of fraud alleging that [...]

United States District Court, District of Columbia, 22 March 2018, Balkan Energy Limited v. The Republic of Ghana, no. 17-cv-005582 (APM)

On 22 March 2018, the District Court confirmed an arbitral award in favor of Balkan Energy Limited and dismissed Ghana’s objections in seeking to oppose the award’s enforcement. The arbitral tribunal had awarded more 11.75 million dollars in damages for the breach of a Power Purchase Agreement on the grounds that the company had legitimate [...]

US District Court for the District of Columbia, 1 March 2018, Rusoro Mining Limited v Venezuela, 16-cv-02020

The District Court confirms the award, rendered in arbitration under the Canada-Venezuela bilateral investment treaty (the “BIT”). In 2016 Rusoro, a Canadian company, obtained a USD 967 million award after having been deprived by Venezuela of its gold mining interests in twenty-four Venezuelan companies. Venezuela moved to annul the award in the state of the [...]

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