Kazakhstan Gets $5.2B Freezing Order Lifted In Netherlands

By Caroline Simson (June 16, 2022, 8:04 PM EDT) -- A Dutch appeals court has canceled a freezing order over $5.2 billion of Kazakh assets that were being targeted as two Moldovan oil and gas investors try to enforce a half-billion-dollar award against the former Soviet state.

On Tuesday, The Hague Court of Appeal lifted the attachment on Kazakhstan's shares in KMG Kashagan BV, a Dutch entity through which the Kazakh state participates in an international consortium that holds a production sharing contract for the Kashagan oilfield, located in the Caspian Sea. The oilfield is considered to be one of the largest discovered in the last 40 years.

Those shares, held...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!