Friday, November 7, 2014

CIS/CEE series (October 2014) - OKKV v Kyrgyzstan [Case No A-2013/10], Lee Jong Baek v Kyrgyzstan [Case No A-2013/10], Stans Energy Inc. v Kyrgyzstan [Case No A-2013/29].

The Commercial Court of Moscow District Kyrgyzstan has remitted a decision to decline three applications to set aside of awards against Kyrgyzstan for breaches of the Moscow Convention (an MIT) back to a lower court. The Moscow Chamber of Commerce and Industry Arbitration Court (MCCI) took jurisdiction over the disputes based on a wide interpretation of Article 11 of the Convention. However, the CIS Economic Court (whose decisions rank higher than those of the MCCI) have interpreted the clause differently.

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