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Kazakhstan Wants $39M Award In Oil Field Row Overturned

Law360 (February 5, 2018, 9:14 PM EST) -- Kazakhstan on Friday asked international arbitrators to overturn their decision to award an oil company some $39 million, a move that freezes efforts to cash in on the award, issued after the country was found to have expropriated the company's investment interests by unlawfully cancelling a contract to develop oil fields. 

The International Centre for the Settlement of Investment Disputes docketed an application by the country to annul a tribunal's decision to issue the award to Caratube International Oil Co. LLP in September. Arbitrators found that the country's decision...
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