The Court of Cassation quashes and annuls the judgment on the recognition of the of $500 million award against Kazakhstan in Luxembourg

The Court of Cassation of Luxembourg quashed and annulled the judgment relating to the recognition of the of $500 million award against Kazakhstan, remanding the case back to the Court of Appeal, formed by different judges. In August 2017, Anatolie Stati, Gabriel Stati, Ascom Group S.A. and of Terra Raf Trans Trading Ltd ("Stati Parties") of obtained a court order on an ex parte basis by which the Energy Charter Treaty arbitral award made against Kazakhstan in 2013 was declared enforceable in the Grand Duchy of Luxembourg. This order was confirmed by a decision of the Court of Appeal of Luxembourg...