An archive of the key court rulings in the Tristangate dispute.


Date: June 14, 2022
Jurisdiction: Netherlands

The Hague Court of Appeal cancelled the attachment of shares worth around $5.2 billion held by Kazakhstan’s sovereign wealth fund JSC Samruk-Kazyna in KMG Kashagan BV. The Hague Court of Appeal reversed its previous finding that the shares were not immune from attachment on the basis that they did not have an immediate public purpose.


Kazakhstan files a brief in opposition to the defendants’ motion to dismiss its third amended complaint

Date: May 16, 2022
Jurisdiction: United States

Lawyers for Argentem Creek Partners file a motion to dismiss Kazakhstan’s complaint in New York Supreme Court

Date: April 18, 2022
Jurisdiction: United States

Lawyers for Argentem Creek Partners and its CEO Daniel Chapman filed a motion to dismiss the claims brought by Kazakhstan in its Third Amended Complaint in the Supreme Court of New York. The motion argues that New York law provides the Court with multiple, independent grounds to dismiss Kazakhstan’s frivolous lawsuit with prejudice.


New York District Court compels arbitration of claims by Outrider Management

Date: February 10, 2022
Jurisdiction: United States

A federal judge in New York on February 10 granted the Argentem parties motion to compel arbitration against plaintiff Outrider thereby dismissing them from Kazakhstan’s vexatious litigation against U.S. investors. The Court also granted the motion by Kazakhstan to remand the case to New York State Court where Argentem’s motion to dismiss Kazakhstan’s claims will be decided.


Italian Supreme Court makes Tristangate Award Final, Binding and Non-appealable

Date: February 2, 2022
Jurisdiction: Italy

The Supreme Court of Italy rejected an appeal brought by the Republic of Kazakhstan against recognition of the $544 million “Tristangate” Award on the grounds that it was procured by ‘fraud’. The Supreme Court of Italy upheld the earlier judgment of the Rome Court of Appeal handed down in February 2019.

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Swedish Supreme Court upholds $90 million freeze on Kazakhstan National Fund’s assets in Sweden

Date: November 18, 2021
Jurisdiction: Sweden

The Swedish Supreme Court upheld a $90 million freeze on Kazakhstan National Fund’s assets in Sweden. The court ruled that the seized assets representing part of Kazakh National Fund are not protected by sovereign immunity as a matter of international and Swedish law. The Swedish Supreme Court remanded the case to the Svea Court of Appeal for further consideration with respect to other outstanding questions.