ANNOUNCEMENT 01 Nov 2010In November 2010, the government of Kyrgyzstan announced altered domestic business conditions for foreign investors.
NUMBER OF INTERVENTIONS
Kyrgyzaltyn Open-End Joint Stock Company (Kyrgyzaltyn JSC) Website, Jerooy Project:
The Free Library Website:
ICSID Website (ICSID Case No. ARB(AF)/13/1):
https://icsid.worldbank.org/ICSID/FrontServlet?requestType=GenCaseDtlsRH&actionVal=ListPending (Case 161)
In early November 2010, the Ministry of Mineral Resources of the Kyrgyz Republic revoked the licence granted to Jerooyaltyn CJSC JV for the exploitation of the Jerooy deposit, the second largest gold deposit in the Kyrgyz Republic.
Jerooyaltyn CJSC JV was a joint venture in which the Kazakh company Consolidated Exploration Holding held a 60 per cent share.
Consolidated Exploration Holding brought the case to the International Centre for Settlement of Investment Disputes (ICSID). The case has been registered on April 23, 2013. The company seeks a compensation of more than USD740 million.