BAKU, Azerbaijan, Nov. 29
Trend:
The National Bank of Kazakhstan informs about the removal of the seizure from the assets of the National Fund of Kazakhstan in the amount of about $536 million and the return of the above amount to the disposal of the National Bank, Trend reports citing the press service of the bank.
According to the information, in December 2017, Moldovan businessmen Anatolie and Gabriel Stati received an absentee ruling recognizing the arbitral award, which was subsequently confirmed by the ruling of the Belgian court of the first instance.
Since May 2018, the assets of the National Fund of Kazakhstan in the amount of $530 million, placed in Bank of New York Mellon, have been under arrest.
On November 16, 2021, the Brussels Court of Appeal completely overturned the lower court's decision on the recognition and enforcement of the arbitral award in Belgium based on findings of fraudulent actions on the part of Stati.
As a result of joint efforts of the National Bank of Kazakhstan and the Ministry of Justice of Kazakhstan, the above assets of the National Fund were released from arrest.
