Mealey's Litigation Procedure - ICSID Awards Caratube $39.2M In Investment Dispute With Kazakhstan

Mealey's Litigation Procedure - ICSID Awards Caratube $39.2M In Investment Dispute With Kazakhstan

PARIS - A tribunal for the International Centre for Settlement of Investment Disputes (ICSID) on Sept. 28 issued its award in a dispute over exploration rights, ordering the Republic of Kazakhstan to pay an international oil company $39.2 million in damages (Caratube International Oil Company LLP & Mr. Devincci Salah Hourani v. Republic of Kazakhstan, No. ARB/13/13, ICSID).

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