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Home > Legal & Regulatory docs.

Republic of Kazakhstan v Anatolie Stati - Gabriel Stati - Ascom Group SA - Terra Raf Trans Traiding Ltd - Nacka District Court Decision - English - 05 July 2019

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Country
  • Gibraltar
  • Kazakhstan
  • Monaco
  • Sweden
  • United States
Year

2019

Summary

...

DECISION

1. The District Court dismisses the matters from further action with respect to the decisions on enforcement of sequestration.

2. In all other respects, the District Court rejects the appeals.

3. The Republic of Kazakhstan and The National Bank of Kazakhstan are ordered to jointly and severally reimburse Ascom Group S.A., Mr. Anatolie Stati, Mr. Gabriel Stati and Terra Raf Trans Traiding Ltd. for their litigation costs in the amount of SEK 1,411,466, of which SEK 1,250,000 comprises costs for legal counsel, plus interest on the first amount pursuant to Section 6 of the Swedish Interest Act as from the day of the District Court’s decision until the day of payment.

4. The Republic of Kazakhstan is also ordered to reimburse Ascom Group S.A., Mr. Anatolie Stati, Mr. Gabriel Stati and Terra Raf Trans Traiding Ltd. for their litigation costs in the amounts of SEK 5,998,665 for costs for legal counsel and USD 77,532.24, of which USD 60,428.25 comprises costs for legal counsel, plus interests on the first two amounts pursuant to Section 6 of the Swedish Interest Act as from the day of the District Court’s decision until the day of payment.

...

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