2013
Stans Energy v. Kyrgyzstan (I) Stans Energy Corp. and Kutisay Mining LLC v. Kyrgyz Republic (I)
Kyrgyzstan
Canada
Indirect ownership by Stans Energy Corp. of Kutisay Mining LLC that held a licence for mining rare earth, bismuth, molybdenum and silver at the “Kutessay II” deposit.
Claims arising out of a series of measures by the Government which allegedly resulted in the impossibility to carry out activities on the mineral deposit “Kutessay II” in accordance with the mining license previously granted to Kutisay Mining LLC.
Primary: B - Mining and quarrying
7 - Mining of metal ores
MCCI (Moscow Chamber of Commerce and Industry)
MCCI (Moscow Chamber of Commerce and Industry)
Vilkova, N.
Balayan, L.
Pak, M. Z.
Decided in favour of investor
117.80 mln USD
117.80 mln USD
Indirect expropriation
Indirect expropriation
Judicial review by national courts
Judicial review by national courts
Award/decision set aside in its entirety
http://www.stansenergy.com/press-releases/stans-energy-commences-international-abbitration-against-the-government-of-kyrgyzstan/
http://www.cisarbitration.com/2014/05/14/kyrgyz-republics-mixed-fortunes-in-investment-arbitration/
http://www.reuters.com/article/2013/10/31/stans-energy-corp-idUSnBw316087a+100+BSW20131031
http://globalarbitrationreview.com/news/article/32023/kyrgyz-mining-claim-filed-russia/ (requires subscription)
http://globalarbitrationreview.com/news/article/32116/russian-panel-appointed-kyrgyz-mining-case/ (requires subscription)
http://globalarbitrationreview.com/news/article/32634/kyrgyzstan-criticises-fast-track-moscow-arbitration/ (requires subscription)
http://www.stansenergy.com/press-releases/international-arbitration-rules-in-favour-of-stans-energy/
http://www.geology.kg/index.php?option=com_content&view=article&id=486:press-reliz-po-arbitrazhnomu-razbiratelstvu-initsiirovannomu-osoo-kutisay-mining-i-kompaniej-stans-energy-corp-kanada-protiv-kyrgyzskoj-respubliki&catid=8&Itemid=232&lang=ru
http://globalarbitrationreview.com/news/article/33080/stans-scores-early-enforcement-victory-canada/ (requires subscription)
http://globalarbitrationreview.com/news/article/32789/moscow-convention-claim-goes-against-kyrgyzstan/ (requires subscription)
http://globalarbitrationreview.com/news/article/33765/kyrgyzstan-overturns-stans-award-russia/ (requires subscription)
http://globalarbitrationreview.com/news/article/33061/stans-defiant-moscow-convention-award/ (requires subscription)
http://www.iareporter.com/articles/20141015_1 (requires subscription)
http://www.iareporter.com/articles/20140923_2 (requires subscription)
http://www.iareporter.com/articles/20140703 (requires subscription)
http://www.iareporter.com/articles/20140121 (requires subscription)
http://www.iareporter.com/articles/20131101_1 (requires subscription)
http://www.stansenergy.com/press-releases/stans-energy-commences-ontario-court-action-to-enforce-118-million-international-arbitration-award/
http://www.stansenergy.com/press-releases/ontario-court-sets-first-date-for-enforcement-of-stans-us118-million-international-arbitration-award/