KT Asia v. Kazakhstan KT Asia Investment Group B.V. v. Republic of Kazakhstan (ICSID Case No. ARB/09/8)
Minority shareholding in the Kazakh entity BTA Bank.
Claims arising out of the Government's alleged forced nationalization of claimant's interest in BTA Bank, by means of Kazakhstan's acquisition of around 75 per cent of the shares of BTA through the National Welfare Fund Samruk-Kazyna.
Tertiary: K - Financial and insurance activities
64 - Financial service activities, except insurance and pension funding
ICSID (International Centre for Settlement of Investment Disputes)
ICSID (International Centre for Settlement of Investment Disputes)
Kaufmann-Kohler, G.
Glick, I.
Thomas, J. C.
Decided in favour of State
1500.00 mln USD
Data not available
Indirect expropriation
None - jurisdiction declined
ICSID annulment proceedings
ICSID annulment proceedings
Order for the discontinuance of the proceeding issued by the ad hoc Committee dated 20 November 2014, pursuant to ICSID Administrative and Financial Regulation 14(3)(d) and (e)
Oreamuno Blanco, R. (President)

Boo, L. (Member)

Pryles, M. C. (Member)