24 August 2017

The Statis apply for recognition and enforcement of the arbitral award in ex parte proceedings before the President of the District Court of Luxembourg.

30 August 2017

The District Court of Luxembourg issues an order declaring enforceable the arbitral award in Luxembourg.

2 November 2017

Kazakhstan appeals the order of the District Court of Luxembourg declaring enforceable the arbitral award in Luxembourg.

27 May 2019

Kazakhstan files a criminal complaint with the Investigating Judge in Luxembourg.

19 December 2019

The Court of Appeal of Luxembourg rejects Kazakhstan’s appeal against the lower court’s decision to allow the enforcement of the arbitral award in Luxembourg.

The District Court of Luxembourg rules that the attachment proceedings in Luxembourg should be stayed until a decision is rendered in the criminal proceedings currently underway before the Investigating Judge in Luxembourg.

The Court of Cassation of Luxembourg overturns the judgment of the Court of Appeal dated 19 December 2019 which confirmed the recognition of the arbitral award in Luxembourg.

The Court of Appeal of Luxembourg ruled in favour of Kazakhstan and stayed the Statis’ efforts to recognize and enforce their fraudulent arbitral award. The basis for the stay was the ongoing criminal court proceedings against the Statis in Luxembourg for forgery, fraud and money laundering.