ICSID Finds It Lacks Jurisdiction Over BIT Claims Against Kazakhstan

ICSID Finds It Lacks Jurisdiction Over BIT Claims Against Kazakhstan

WASHINGTON, D.C. - After finding that a Netherlands corporation did not hold an investment under a bilateral investment treaty in relation to shares in a bank, a tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Nov. 5 released its decision dismissing the claims for lack of jurisdiction (KT Asia Investment Group B.V. Republic of Kazakhstan, No. ARB/09/8, ICSID).

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