Arbitral Digest

Matter

Caratube International Oil Company LLP v. Republic of Kazakhstan (ICSID Case No. ARB/08/12)

Case no.
ARB/08/12
Applicable rules
ICSID Rules of Procedure for Arbitration Proceedings
  1. 5 June 2012Arbitration

    5 June 2012Arbitration

    Award dated June 5, 2012

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Tribunal dismissed Caratube International Oil Company LLP's claims for lack of jurisdiction and ordered it to pay the Republic of Kazakhstan USD 3.2 million for legal costs.

    Supporting details

    2 participants
    Caratube International Oil Company LLP
    Republic of Kazakhstan
    International Centre for Settlement of Investment Disputes

    9 months and 9 days later · 282 days

  2. 14 March 2013Arbitration

    14 March 2013Arbitration

    Decision on Applicant's Request for Continuing Stay of Enforcement dated March 14, 2013

    International Centre for Settlement of Investment Disputes

    Decision summary
    The Committee continued the stay of enforcement of the Award throughout the annulment proceeding without requiring financial security, while reserving the right to revisit the decision.

    Supporting details

    2 participants
    Caratube International Oil Company LLP
    Republic of Kazakhstan
    International Centre for Settlement of Investment Disputes

    11 months and 7 days later · 344 days

  3. 21 February 2014Arbitration

    21 February 2014Arbitration

    Decision on the Annulment Application of Caratube International Oil Company LLP

    International Centre for Settlement of Investment Disputes

    Decision summary
    The ad hoc Committee unanimously dismissed Caratube International Oil Company LLP's application for annulment of the Award issued on June 5, 2012. Each party was required to bear its own legal fees and expenses; Caratube International Oil Company LLP was required to bear the direct costs of the proceeding; and the stay of enforcement of the Award was automatically terminated.

    Supporting details

    14 authorities · 21 participants
    Caratube International Oil Company LLP
    Representative
    Hamid G. Gharavi (For: Caratube International Oil Company LLP)
    Representative
    Peter M. Wolrich (For: Caratube International Oil Company LLP)
    Representative
    Geoffroy P. Lyonnet (For: Caratube International Oil Company LLP)
    Representative
    Gabriela Alvarez-Avila (For: Caratube International Oil Company LLP)
    Representative
    Sabrina Ainouz (For: Caratube International Oil Company LLP)
    Representative
    Marie-Claire Argac (For: Caratube International Oil Company LLP)
    Representative
    Claire Selden (For: Caratube International Oil Company LLP)
    Representative
    Nurlan Nurgabylov (For: Caratube International Oil Company LLP)
    Representative
    Meyram Tautenov (For: Caratube International Oil Company LLP)
    Republic of Kazakhstan
    Representative
    Stephan Adell (For: Republic of Kazakhstan)
    Representative
    Sophia von Dewall (For: Republic of Kazakhstan)
    Representative
    Dipna Gunnoo (For: Republic of Kazakhstan)
    Representative
    Olga Kuprenkova (For: Republic of Kazakhstan)
    Representative
    Nassib Chedid (For: Republic of Kazakhstan)
    International Centre for Settlement of Investment Disputes
    Arbitrator
    Hans Danelius
    Institutional administrator
    Milanka Kostadinova
    Institutional administrator
    Trevor McGowan

    Authorities cited

    14
    • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention)
      statute
    • Treaty between the United States of America and the Republic of Kazakhstan concerning the encouragement and reciprocal protection of investment (United States-Kazakhstan BIT of May 19, 1992)
      statute
    • Vienna Convention on the Law of Treaties (Vienna Convention of May 23, 1969)
      statute
    • Compania de Aguas del Aconquija S.A. and Vivendi Universal S.A. v. Argentine Republic (ICSID Case No. ARB/97/3, Decision on Annulment, July 3, 2002)
      case-law
    • Romak S.A. v. The Republic of Uzbekistan (UNCITRAL, PCA Case No. AA280, Award, November 26, 2009)
      case-law
    • Rumeli Telekom A.S. and Telsim Mobil Telekomunikasyon Hizmetleri A.S. v. Republic of Kazakhstan (ICSID Case No. ARB/05/16, Decision of the ad hoc Committee on the Application for Annulment, March 25, 2010)
      case-law
    • Malaysian Historical Salvors, SDN, BHD v. Malaysia (ICSID Case No. ARB/05/10, Decision on the Application for Annulment, April 16, 2009)
      case-law
    • Klockner Industrie-Anlagen GmbH and others v. United Republic of Cameroon and Societe Camerounaise des Engrais (ICSID Case No. ARB/81/2, Decision on the Application for Annulment Submitted by Klockner, May 3, 1985)
      case-law
    • Klockner Industrie-Anlagen GmbH and others v. United Republic of Cameroon and Societe Camerounaise des Engrais (ICSID Case No. ARB/81/2, Decision on the Application for Annulment, May 17, 1990)
      case-law
    • Maritime International Nominees Establishment v. Republic of Guinea (ICSID Case No. ARB/84/4, Decision on Annulment, January 6, 1988)
      case-law
    • Wena Hotels Limited v. Arab Republic of Egypt (ICSID Case No. ARB/98/4, Decision (Annulment Proceeding), February 5, 2002)
      case-law
    • Aguas del Tunari S.A. v. Republic of Bolivia (ICSID Case No. ARB/02/3, Decision on Respondent's Objections to Jurisdiction, October 21, 2005)
      case-law
    • The ICSID Convention: A Commentary (Christoph Schreuer, 2nd edition, 2010)
      academic
    • U.S. International Investment Agreements (Kenneth Vandevelde, 2009)
      academic

Matter record

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Caratube International Oil Company LLP v. Republic of Kazakhstan (ICSID Case No. ARB/08/12) · Matter