IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 01 Jan 2010 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

In 2010, the joint venture Jerooyaltyn lost its licence for operations of Jerooy, the second-largest Kyrgyz gold deposit. Jerooyaltyn is owned 60 per cent by the Kazakh company Visor Holding and the remaining 40 per cent are the property of Kyrgyzaltyn, the Kyrgyz state gold company.
The Kyrgyz authorities justified their decision by arguing that Jerooyaltyn failed to begin the gold production.
Visor Holding has brought the case to the International Centre for Settlement of Investment Disputes (ICSID) and requests a compensation amounting to USD 400 million.

AFFECTED COUNTRIES

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