April 30, 2019
Kazakhstan will challenge a D.C. federal judge's decision to toss its "ill-advised" racketeering suit against Moldovan investors who won a half-billion-dollar arbitral award against the country, according to court documents.
April 01, 2019
A D.C. federal judge on Saturday rejected Kazakhstan's bid to overturn a $506 million arbitration award, saying that a civil RICO suit is an "ill-advised" way to challenge a valid, foreign award.
March 19, 2018
Kazakhstan told a D.C. federal court Friday that two Moldovan gas investors who won $506 million in arbitration against the country by allegedly cooking their books have abandoned their London attempt to enforce the award because of a probe into the alleged manipulation.
October 20, 2017
Kazakhstan said Thursday it has launched a new front in its battle to overturn a $506 million arbitration award issued to two Moldovan businessmen after the country seized their liquefied petroleum gas plant, filing a racketeering lawsuit in D.C. federal court accusing the pair of fraudulently inflating their investments' value.