STOCKHOLM COURT UPHOLDS $84 MILLION ASSET FREEZE ON KAZAKHSTAN’S STATE ASSETS IN SWEDEN

Frozen Assets Securing a US$535 Million Award Against Republic of Kazakhstan New York, NY – On July 5, 2019, Nacka District Court in Stockholm issued a judgment upholding earlier decisions by the Swedish Enforcement Agency allowing various attachments in favor of Anatolie Stati, Gabriel Stati, Ascom Group S.A., and Terra Raf Trans Traiding Ltd (together, the Stati parties) with respect to the Republic of Kazakhstan’s state assets in Sweden. ...

Dutch Court Upholds $5.2 Billion Asset Freeze On Major Kazakhstan Oil Field ...

Frozen Assets Securing a $532 Million Award Against Republic of Kazakhstan

NEW YORK, May 7, 2019 /PRNewswire/ -- On May 7, 2019, the Amsterdam Court of Appeal issued a judgment upholding an earlier decision by the AmsterdamDistrict Court allowing an attachment in favor of Anatolie Stati, Gabriel Stati, Ascom Group S.A., and Terra Raf Trans Traiding Ltd (together, the Stati parties) with respect to the Republic of Kazakhstan's shareholding in the Dutch entity KMG Kashagan B.V. held via the Kazakh sovereign wealth fund Samruk-Kazyna.

U.S. Appeals Court Reaffirms Enforcement of US$530M Award

Stati Parties To Attach And Foreclose On Kazakh Assets In U.S.
NEW YORK, April 22, 2019 /PRNewswire/ -- The U.S. Court of Appeals for the District of Columbia Circuit, on April 19, 2019, affirmed the judgment of the U.S. District Court for the District of Columbia, finding that the Republic of Kazakhstan had failed to demonstrate any ground to deny enforcement of the US$530 million arbitral award awarded to the Stati parties by a Swedish arbitral tribunal....

US Court Dismisses RICO And Fraud Claims By Kazakhstan As An 'Ill-Advised' Effort To Prolong 'A Dispute That Is Over'

NEW YORK, April 2, 2019 /PRNewswire/ -- The U.S. District Court for the District of Columbia on March 30, 2019 resoundingly dismissed as "ill-advised" and "far-fetched" a lawsuit brought by the Republic of Kazakhstan against Anatolie Stati, Gabriel Stati, and the two companies they own, Ascom Group, S.A. and Terra Raf Trans Trading Ltd....

Italian Court Gives Green Light to Recovery of US$530 Million Judgment Against Republic of Kazakhstan

NEW YORK, March 4, 2019 /PRNewswire/ -- On March 1, 2019, the Rome Court of Appeal handed down its ruling in favor of the Stati parties in Stati et al. v. Republic of Kazakhstan, rejecting all objections and defenses raised by the Republic of Kazakhstan against the recognition of a US$530 million arbitral award in Italy.....

ENGLISH COURT OF APPEAL SIDES WITH AWARD CREDITORS AND SHUTS DOWN LOCAL ENFORCEMENT PROCEEDINGS AGAINST KAZAKHSTAN

LONDON – The Court of Appeal of England and Wales (Civil Division) has cleared the way for the Stati parties to end their English enforcement proceedings against the Republic of Kazakhstan, agreeing the case serves no purpose in light of the multi-billion-dollars of attachments in force in other jurisdictions......