International arbitration in the ex-Soviet Republic of Kyrgyzstan, as was the case in most ex-Soviet republics, was not a popular dispute resolution mechanism until 15 years ago. Today, international arbitration in Kyrgyzstan is governed by the Law on Arbitration Courts (2002). The Kyrgyz Law on Arbitration Courts is a modern law largely based on the UNCITRAL Model […]
Valeri Belokon v. Kyrgyz Republic – Money Laundering in Investment Arbitration
On 14 October 2014, an UNCITRAL arbitral tribunal in the case Valeri Belokon v. Kyrgyz Republic, whose composition included Kaj Hober, Niels Schiersing and Jan Paulsson as President, found Kyrgyzstan liable for the unlawful expropriation of Claimant’s investment. The investment claim had been brought in 2011 by Valeri Belokon, a Latvian investor, against the Kyrgyz […]
States That Are Not Parties To The New York Convention
The Convention on the Recognition and Enforcement of Foreign Arbitral Awards, commonly called the New York Convention, entered into force on 7 June 1959 and is the bedrock of modern international arbitration. This important international convention requires courts of the 159 contracting States (with Sudan becoming the latest member in 2018) to give effect to […]