ANNOUNCEMENT 01 Nov 2010

In November 2010, the government of Kyrgyzstan announced altered domestic business conditions for foreign investors.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 01 Nov 2010 | Removal date: open ended
Still in force

FDI: Treatment and operations, nes

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A