Kazakhstan Says New Evidence Proves $500M Arbitral Award Was Based On Fraud

Mealey's (March 2, 2023, 12:02 PM EST) -- WASHINGTON, D.C. — The Republic of Kazakhstan on March 1 filed a new action in District of Columbia federal court against two Moldovan investors and their companies for relief from the court’s prior judgment confirming an arbitral award worth more than $500 million against Kazakhstan, arguing that evidence of fraud in the arbitration obtained post-judgment has led courts in other nations to deem the award unenforceable and in one nation to issue criminal indictments against the investors....