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EU Reporter, $3.7 million sanction upheld against Moldovan businessmen in UK court battle with Kazakhstan and National Bank of Kazakhstan, 16 March 2021

By 16 March 2021June 25th, 2021Media Coverage

An English High Court decision has dealt a decisive blow to Moldovan businessmen Anatolie and Gabriel Stati. Previously, a different judge in the same court said there was evidence the businessmen won an arbitration through fraud. The English High Court ordered, on Thursday 11 March, the Stati business group to pay the Republic of Kazakhstan and National Bank of Kazakhstan $3.7 million in legal fees, rejecting an effort by the Moldovan businessmen to overturn the award of fees, writes Colin Stevens.