November 04, 2024
Kyrgyzstan has agreed to a settlement deal that resolves a Turkish company's suit to confirm an $11.6 million arbitral award it won after being forcibly ejected from its hotel project in the capital city of Bishkek, the company has told a New York federal judge.
October 07, 2022
A New York federal judge has ruled that Kyrgyzstan must pay nearly $8.6 million in sanctions for ignoring discovery orders in a Turkish company's suit to confirm an $11.6 million arbitral award it won after being forcibly booted from its hotel in the capital city of Bishkek.
May 06, 2022
A Turkish company that's been chasing Kyrgyzstan for years over an outstanding $11.6 million arbitral award it won after being forcibly booted from its four-star hotel in the capital city of Bishkek said Friday that the former Soviet state now owes nearly that much in sanctions as well.
January 06, 2021
A New York federal judge has ordered Kyrgyzstan to triple its daily payouts to a Turkish hotel investment company due to the country's "vexatious conduct" in their real estate spat, adopting a magistrate judge's November recommendation.
November 05, 2020
A New York federal magistrate judge recommended Thursday to triple the daily payouts Kyrgyzstan must make to a Turkish hotel investment company, calling the "total failure" to pay most of its $11.6 million sanction for the past two years "egregious" and "staggering."
July 21, 2020
A Turkish investor has asked a New York federal judge to triple daily $5,000 sanctions against Kyrgyzstan, saying the country has made "precisely zero progress" toward fulfilling an $11.6 million arbitral award for seizing the company's luxury hotel in 2005.
February 26, 2020
A New York federal judge has slapped Kyrgyzstan with contempt sanctions of about $2.3 million related to its refusal to pay an $11.6 million judgment related to a Turkish investor's arbitral award against the republic for forcibly taking over its hotel.
August 09, 2019
A Turkish hotel investor has urged a New York federal court not to drop contempt sanctions levied against the Kyrgyz Republic related to an arbitration award, arguing the court should instead increase the sanctions to $10,000 from $5,000 per day because the country still isn't paying up.
June 28, 2019
Kyrgyzstan urged a New York federal court Friday to set aside a Turkish hotel investor's contempt sanctions against it, saying the country has won an arbitration award against the investor in an amount exceeding the sanctions award.
November 01, 2018
A New York federal judge has ordered the Kyrgyz Republic to pay $5,000 per day in contempt sanctions to a Turkish hotel investor until it starts following discovery orders for an $8.5 million arbitration award won by the investor based on claims that the country colluded against it.