Warning! Javascript is disabled. Please enable javascript for a completly functioning application.

2010
Stati and others v. Kazakhstan Ascom Group S.A., Anatolie Stati, Gabriel Stati and Terra Raf Trans Traiding Ltd. v. Republic of Kazakhstan (SCC Case No. 116/2010)
Nationality of the parties
Kazakhstan
Moldova, Republic of

Romania

Gibraltar
Summary of matters at issue
Rights under certain subsoil use contracts held by Ascom's local operating companies, KPM and TNG; capital contributions for oil exploration and development; assets and infrastructure related to oil field operations, including a Liquid Petroleum Gas plant.
Claims arising out of the alleged campaign of harassment by the Kazakh 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.
Economic sector and subsector
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
Arbitral rules and administering institution
SCC (Stockholm Chamber of Commerce)
SCC (Stockholm Chamber of Commerce)
Composition of tribunal
Böckstiegel, K.-H.
Haigh, D.
Lebedev, S. N.
Status/Outcome of original proceedings
Decided in favour of investor
Decisions rendered
Amount of compensation
2631.00 mln USD
497.00 mln USD
IIA breaches alleged/found
Direct expropriation

Indirect expropriation

Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Umbrella clause

Arbitrary, unreasonable and/or discriminatory measures

Other
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims
Follow-on proceedings
Judicial review by national courts
Judicial review by national courts
Award/decision upheld
Link to Italaw's case page
Links to background sources
http://globalarbitrationreview.com/news/article/28726/kazakhstan-hit-new-ect-claim/ (requires subscription)
http://globalarbitrationreview.com/news/article/32145/moldovan-investors-win-record-damages-against-kazakhstan/ (requires subscription)
http://www.prnewswire.com/news-releases/ascom-takes-government-of-kazakhstan-to-stockholm-court-of-arbitration-under-the-international-energy-charter-treaty-102416259.html
http://www.iareporter.com/articles/20140218_3 (requires subscription)
http://www.iareporter.com/articles/20100916_4 (requires subscription)
http://www.oilvoice.com/n/Tristan_Oil_announces_506_million_arbitration_award_against_Republic_of_Kazakhstan/eafccd01016a.aspx
http://www.tristanoil.com/
http://www.kslaw.com/News-and-Insights/NewsDetail?us_nsc_id=7140
http://www.iareporter.com/articles/20140523_2 (requires subscription)
http://www.energycharter.org/what-we-do/dispute-settlement/investment-dispute-settlement-cases/28-anatolie-and-gabriel-stati-ascom-group-sa-terra-raf-trans-traiding-ltd-v-kazakhstan/
http://www.iareporter.com/articles/kazakhstan-fails-in-bid-to-set-aside-half-billion-dollar-energy-charter-treaty-award/ (requires subscription)
http://globalarbitrationreview.com/article/1078672/ect-award-survives-fraud-challenge-in-sweden (requires subscription)
http://www.cisarbitration.com/2017/01/10/ascom-case-the-kazakhstans-request-to-set-aside-is-rejected-the-scc-award-was-not-fraudulent/
http://globalarbitrationreview.com/article/1142650/kazakhstan-gets-chance-to-plead-fraud-in-london (requires subscription)
https://www.iareporter.com/articles/english-court-will-hold-trial-to-assess-whether-alleged-fraud-was-perpetrated-on-kazakhstan-in-relation-to-500-million-energy-charter-treaty-award/ (requires subscription)
https://www.transnational-dispute-management.com/downloads/18887_case_report_stati_v_kazakhstan_june_2017.pdf
https://www.iareporter.com/articles/stati-and-ascom-v-kazakhstan-uk-appeals-court-allows-claimants-to-avoid-fraud-trial-after-they-decide-to-abandon-enforcement-efforts-in-that-jurisdiction/ (requires subscription)