The negotiated settlement ended a six-year dispute over contract terms with major foreign oil companies and resulted in the largest payment ever to Kazakhstan in settlement of an arbitral dispute.
December 21, 2020 at 03:44 PM
1 minute read
The original version of this story was published on Law.com International
Curtis, Mallet-Prevost, Colt & Mosle has won a $1.9 billion settlement for the Republic of Kazakhstan in a profit-sharing dispute with major international oil companies.
The negotiated settlement, announced Dec. 14, ended a six-year dispute over the contract terms for exploiting the giant Karachaganak oil and gas field, and resulted in the largest payment ever to Kazakhstan in settlement of an arbitral dispute, according to a statement from Curtis.
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(l-r) Eric Gilioli, Geoffroy Lyonnet, and Peter Wolrich, partners at Curtis, Mallet-Prevost, Colt & Mosle / Courtesy photos
