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Kazakhstan Assets Still Frozen In Award Fight, Investors Say

Law360 (February 12, 2018, 8:35 PM EST) -- Two Moldovan oil and gas investors said Sunday that, Kazakhstan’s claims to the contrary notwithstanding, roughly $22.6 billion in the country’s national assets remain frozen, securing their bid to enforce a more than $500 million arbitration award stemming from the country’s seizure of the their petroleum operations.

Investors Anatolie and Gabriel Stati and their companies Ascom Group SA and Terra Raf Trans Traiding Ltd. said in a statement that an attachment order issued by the Brussels Court of First Instance remains in place and will continue...
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