Kazakhstan Ordered to Pay $506 Million for Crude Expropriation of Oil and Gas Investments
By EsqSocial Corporation 20/01/17
In a case that highlights both that governments are not above the rule of law and that it is difficult to swiftly enforce arbitral awards, a Swedish appeals court, on December 12, 2016, upheld a $506 million award against Kazakhstan. The award stems...
By: Proskauer - Minding Your Business