Library

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

The Dutch Supreme Court Refers Kashagan Field Asset Freeze to Lower Court for Re-Examination

The Supreme Court of the Netherlands sets aside the Amsterdam Court of Appeal’s decision on the attachment of Kazakhstan’s stake in the international consortium developing the Kashagan oil field, held via Kazakhstan’s sovereign wealth fund Samruk-Kazyna, and refers the case back to a lower court (the Hague Court of Appeal) for further consideration. Meanwhile, the Kashagan shares attachment, valued at $5.2 billion, remains fully in place.

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Kazakhstan Loses Appeal Against the Belgian Attachment Order

Date: May 25, 2018
Jurisdiction: Belgium
Status: Pending
In favour of: Tristan Oil

The Brussels Court of First Instance rejects Kazakhstan’s and NBK’s appeals against the original attachment order with respect to the National Fund assets held by BNY Mellon granted on October 11, 2017. With the Stati Parties’ consent, the Court reduces the attachment value from US$ 22.6 billion to US$ 530 million given the then size of the award.

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U.S. Federal Court Confirms the Award

Date: March 23, 2018
Jurisdiction: U.S.
Status: Closed
In favour of: Tristan Oil

The federal district court in Washington, D.C. rules that the award is valid and enforceable as a binding U.S. judgment following an application by the Stati Parties to confirm the Award on U.S. soil. In doing so, the U.S. court rejects the fraud allegations brought forward by Kazakhstan.

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Swedish Court Confirms Attachment of Kazakh State Assets in Sweden

Date: January 24, 2018
Jurisdiction: Sweden
Status: Closed
In favour of: Tristan Oil

The Stockholm District Court upholds its previous decision from August 21, 2017 allowing the Swedish bailiff to levy attachments on Kazakh state property on Swedish soil by dismissing Kazakhstan’s challenges to the original ruling.

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Dutch Court Upholds the Kashagan Shares Attachment

Date: January 5, 2018
Jurisdiction: Netherlands
Status: Pending
In favour of: Tristan Oil

The Amsterdam District Court dismisses a challenge by Samruk-Kazyna against the freeze over the Kashagan oil field.

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The Swedish Supreme Court Upholds the Award

Date: October 24, 2017
Jurisdiction: Sweden
Status: Closed
In favour of: Tristan Oil

The Swedish Supreme Court upholds the award for the first time and rejects Kazakhstan’s extraordinary review application against the Svea Court of Appeal judgment from December 9, 2016.

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