Arbitral Digest

Matter

Posco Co. Ltd. v Republican State Enterprise on the Right of Economic Management "National Centre for Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan"

Case no.
25453/HBH
Seat
Switzerland
Applicable rules
ICC Rules
  1. 28 October 2022Switzerland

    28 October 2022Switzerland

    Final Award in ICC Case No. 25453/HBH

    International Chamber of Commerce

    Decision summary
    The tribunal ordered the Defendant to repay USD 25,000,000 to the Claimant, with interest as specified in the award, within fourteen days.

    Supporting details

    11 participants
    Posco Co. Ltd.
    Representative
    John Rhie (For: Posco Co. Ltd.)
    Representative
    Duncan Watson QC (For: Posco Co. Ltd.)
    Representative
    Lillian Li (For: Posco Co. Ltd.)
    Republican State Enterprise on the Right of Economic Management "National Centre for Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan"
    Representative
    Lutz Kniprath (For: Republican State Enterprise on the Right of Economic Management "National Centre for Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan")
    Representative
    Jacqueline Lopez (For: Republican State Enterprise on the Right of Economic Management "National Centre for Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan")
    Representative
    Kniprath Lopez (For: Republican State Enterprise on the Right of Economic Management "National Centre for Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan")
    International Chamber of Commerce

    1 month and 16 days later · 47 days

  2. 14 December 2022Switzerland

    14 December 2022Switzerland

    Addendum to the Final Award in ICC Case No. 25453/HBH

    International Chamber of Commerce

    Decision summary
    The tribunal ordered the Defendant to pay costs.

    Supporting details

    2 participants
    Posco Co. Ltd.
    Republican State Enterprise on the Right of Economic Management "National Centre for Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan"
    International Chamber of Commerce

    3 years, 5 months and 13 days later · 1260 days

  3. 27 May 2026Kazakhstan

    27 May 2026Kazakhstan

    Judgment of the Court of First Instance of the Astana International Financial Centre in the case AIFC-C/CFI/2025/0066 dated 27 May 2026

    Court of First Instance of the Astana International Financial Centre

    Decision summary
    The Court held that it had no jurisdiction to entertain Posco Co. Ltd.'s application to recognise and enforce the ICC award. It dismissed the claim, concluding that the AIFC Court’s jurisdiction under the Constitutional Statute did not extend to this non-AIAC foreign arbitral award.

    Supporting details

    11 authorities · 5 participants
    Posco Co. Ltd.
    Representative
    Farukh Iminov (For: Posco Co. Ltd.)
    Republican State Enterprise on the Right of Economic Management "National Centre for Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan"
    Representative
    Nikolay Germanov (For: Republican State Enterprise on the Right of Economic Management "National Centre for Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan")
    Court of First Instance of the Astana International Financial Centre

    Authorities cited

    11
    • Civil Procedure Code of the Republic of Kazakhstan dated 31 October 2015, No. 377-V LRK
      statute
    • Constitutional Statute of the Republic of Kazakhstan on the Astana International Financial Centre dated 7 December 2015, No. 438-V ZRK
      statute
    • New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards dated 10 June 1958
      treaty
    • AIFC Arbitration Regulations adopted by the Resolution of the AIFC Management Council dated 5 December 2017
      regulation
    • AIFC Court Regulations adopted by the Resolution of the AIFC Management Council dated 5 December 2017
      regulation
    • AIAC Rules (Rules on Arbitration and Mediation issued by the Chairman of the AIAC)
      rules
    • Roads Department of the Ministry of Infrastructure of Georgia v. Todini Costruzioni Generali S.p.A. (Case No: AIFC-C/CFI/2025/0025)
      case
    • Michael Wilson & Partners Ltd v. CJSC Kazsubton, Kazphosphate LLP and Kazphosphate Limited (Case No: AIFC-C/CFI/2023/0002)
      case
    • Pacific Trade House Limited v. Altai Polymetals LLP and Terekty Ken Bayytu LLP (Case No: AIFC-C/CFI/2025/0034)
      case
    • National Joint Stock Company "Naftogaz of Ukraine" JSC v. Gazprom PJSC (Case No: AIFC-C/CFI/2026/0002)
      case
    • Mohammed Bashir Mohammed Elhassan v. Elnaim Osama Hassan Ahmed (Case No: AIFC-C/SCC/2025/0008)
      case

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Posco Co. Ltd. v Republican State Enterprise on the Right of Economic Management "National Centre for Complex Processing of Mineral Raw Materials of the Republic of Kazakhstan" · Matter