ICSID, 13 November 2017, Aktau Petrol Ticaret A.S. (Turkey) v. Republic of Kazakhstan, no. ARB/15/8

Kazakhstan was found guilty of illegal expropriation and breach of fair and equitable treatment over a Turkish investment.
Kazakhstan’s court bailiffs unlawfully seized Aktau Petrol’s entire shareholding in the railway line at the port of Aktau in satisfaction of its debt, despite the fact that they were separate entities. These actions were never supported by the court decisions.

2018-01-14T22:48:09+00:00 November 13th, 2017|ICSID, International awards|0 Comments

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