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Stans Energy won the arbitration
The tribunal determined that Stans prevailed on jurisdiction and on the merits of its claim, awarding Stans a sum of approximately US $24 Million inclusive of damages, interest, and costs.
India, Kyrgyzstan have prepared 5 year roadmap to increase bilateral trade: PM Modi
India and Kyrgyztan have given the final shape to the Double Taxation Avoidance Agreement (DTAA) and the bilateral investment treaty.
ASEAN mulling possibility to start talks over free trade deal with EAEU - Sergey Lavrov
ASEAN is considering the possibility to start negotiations with the Eurasian Economic Union (EAEU) on creation of a free trade agreement
Kyrgyzstan ratifies EAEU-China agreement on trade, economic cooperation
Kyrgyzstan President has ratified the trade-economic cooperation between the Eurasian Economic Union member states from one side and China from the other.
Vietnam-EAEU FTA to motivate bilateral economic development
The economic and trade cooperation between Vietnam and the EAEU has achieved important results after two years since the signing of the Free Trade Agreement between Vietnam and the Eurasian Economic Union (Vietnam-EAEU FTA), contributing to creating a motivation for the economic development of each country and expanding cooperation in the region.
China, Kyrgyzstan agree to establish comprehensive strategic partnership
Kyrgyzstan backs the China-proposed Belt and Road Initiative and believes the initiative will greatly promote common development in the region.
Stans Energy secures litigation funding arrangment
Stans has entered into a litigation finance agreement to obtain incremental funding of Stans’ legal costs to continue with the international arbitration proceedings against the Republic of Kyrgyzstan.
EU and Kyrgyzstan launch negotiations for new agreement
It is expected that the new agreement will focus on political cooperation, trade and investment relations, economic cooperation in support of sustainable development, and other aspects of bilateral relations.
Stans Energy awarded USD$ 222,241 and additional costs by London court
To date, the Republic has not complied with the order and the Company is considering various options for enforcement of the award.
Kyrgyz Republic defeated in jurisdiction challenge to UNCITRAL investment award
The key issue in the case concerned the proper interpretation of the dispute resolution provision in the 2003 Investment Law, which was the basis for jurisdiction.
Kyrgyz Republic’s experience with investment treaties and arbitration cases
The Kyrgyz Republic currently faces investment claims in the proximity of 1 billion USD, arising out of investment dispute settlement cases.
Paris Court of Appeal sets aside an award on the basis of serious indications of money laundering
Allegations of corruption and criminal activity have been used increasingly in recent years in French courts to argue for the setting aside of arbitral awards on the grounds of a breach of international public policy.
Kyrgyz Republic moves to set aside Stans UNCITRAL jurisdiction ruling
The Kyrgyz Republic has notified Stans that it filed a claim with the High Court of Justice to set aside the jurisdictional award rendered by the UNCITRAL Tribunal in favor of Stans.
Manas Bank v. Kyrgyz Republic: Paris Appeals Court annuls $16.5 million award for Valeri Belokon
The Paris Appeals Court annuled $16.5 million award for Latvian businessman Valeri Belokon and reinstated the evidence that Manas Bank employees were engaged in money laundering.
Stans Energy prevails in preliminary jurisdictional phase before UNCITRAL arbitration against the Kyrgyz Republic
The Tribunal has unanimously rejected the Respondent’s preliminary jurisdictional objections and opened the way for adjudication of the merits.
India, Kyrgyzstan initiate Bilateral Investment Treaty talks
India and Kyrgyzstan initiated talks to conclude a Bilateral Investment Treaty (BIT) that will seek to boost investments between the two nations and protect investors’ interests.
Centerra Gold shares ruled the property of Kyrgyzaltyn JSC by Ontario Superior Court
The Ontario Superior Court of Justice ruled that Centerra Gold shares are the property of Kyrgyzaltyn JSC not the Kyrgyz Republic.
Centerra Gold delivers notice of arbitration to Kyrgyz Republic Government
Centerra Gold Inc.reports that it has delivered a notice of arbitration to the Kyrgyz Republic Government in connection with certain ongoing disputes relating to the Kumtor mining project.
CIS FTA effective for Kyrgyzstan from 12 January 2014
The CIS Free Trade Agreement will come into effect for Kyrgyzstan on 12 January 2014, BelTA learnt from the legal department of the CIS Executive Committee.
Uzbekistan might join CIS free trade zone in May 2013
Uzbekistan might join the free trade zone of the Commonwealth of Independent States by the end of May 2013, Director of the First Department of the CIS States of the Russian Foreign Ministry told reporters on 29 January before the start of ministerial consultations in the CIS Executive Committee, BelTA has learnt.