KT Asia Investment Group B.V. v. Republic of Kazakhstan (ICSID Case No. ARB/09/8)

Procedural record

1. 17 October 2013Arbitration

   17 October 2013Arbitration

   Award of the Tribunal dated 17 October 2013

   International Centre for Settlement of Investment Disputes

   Decision summary

   The Arbitral Tribunal decided that it lacked jurisdiction over the dispute. Each Party shall bear 50% of the Tribunal's fees and expenses, including ICSID's fees, and each Party shall bear its own costs.

   Participants

   KT Asia Investment Group B.V.

   Republic of Kazakhstan

   International Centre for Settlement of Investment Disputes

   Arbitrator

   Gabrielle Kaufmann-Kohler

   Arbitrator

   Ian Glick

   Arbitrator

   Christopher Thomas

   Tribunal secretary

   Martina Polasek

   Tribunal secretary

   Eva Kalnina

   Other

   Witness

   Mukhtar Ablyazov

   Witness

   Roman Solodchenko

   Witness

   Kuat Kozakhmetov

   Authorities cited

   15

   • Convention on the Settlement of Investment Disputes between States and Nationals of Other States (ICSID Convention, opened for signature 18 March 1965)
     statute
   • Agreement on Encouragement and Reciprocal Protection of Investments between the Republic of Kazakhstan and the Kingdom of the Netherlands (Kazakhstan-Netherlands BIT, 1 August 2007)
     statute
   • Vienna Convention on the Law of Treaties, 1969
     statute
   • Salini Construttori S.p.A. and Italstrade S.p.A. v Kingdom of Morocco (ICSID Case No. ARB/00/4, Decision on Jurisdiction, 23 July 2001)
     case-law
   • The Rompetrol Group N.V. v Romania (ICSID Case No. ARB/06/3, Decision on Respondent's Preliminary Objections on Jurisdiction and Admissibility, 18 April 2008)
     case-law
   • Tokios Tokeles v Ukraine (ICSID Case No. ARB/02/18, Decision on Jurisdiction, 29 April 2004)
     case-law
   • TSA Spectrum de Argentina, S.A. v Argentine Republic (ICSID Case No. ARB/05/5, Award, 19 December 2008)
     case-law
   • Phoenix Action Ltd v Czech Republic (ICSID Case No. ARB/06/5, Award, 15 April 2009)
     case-law
   • Saba Fakes v Republic of Turkey (ICSID Case No. ARB/07/20, Award, 14 July 2010)
     case-law
   • Quiborax S.A. and Non-Metallic Minerals S.A. v Plurinational State of Bolivia (ICSID Case No. ARB/06/2, Decision on Jurisdiction, 27 September 2012)
     case-law
   • Caratube International Oil Company LLP v Republic of Kazakhstan (ICSID Case No. ARB/08/12, Award, 5 June 2012)
     case-law
   • Mobil Corporation and others v Bolivarian Republic of Venezuela (ICSID Case No. ARB/07/27, Decision on Jurisdiction, 10 June 2010)
     case-law
   • Saluka Investments B.V. v Czech Republic (UNCITRAL/PCA, Partial Award, 17 March 2006)
     case-law
   • Aguas del Tunari S.A. v Republic of Bolivia (ICSID Case No. ARB/02/3, Decision on Respondent's Objections to Jurisdiction, 21 October 2005)
     case-law
   • Romak S.A. v Republic of Uzbekistan (UNCITRAL, PCA Case No. AA280)
     case-law