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Kashagan’s arbitration deadline passes in silence

The end-July date for seating the arbitral panel has passed; no announcement of its composition has surfaced, and the enforcement the arbitration was meant to check keeps running.

Kashagan’s arbitration deadline passes in silence

When the UNCITRAL tribunal’s interim order landed on 16 July, the reporting around it put the panel’s full seating at the end of the month. August arrived without a name. Queries in Russian and English across the wires and the Kazakh business press through 3 August surface no composition, no seat, no procedural calendar.

August arrived without a name.

Enforcement has not paused for the vacancy. Property and vehicles of the operator were restricted between 21 and 24 July; the 10% execution charge, about 230 billion tenge on the 2.3 trillion tenge fine (about $4.6 billion at Kursiv’s conversion), accrues on compulsory collection; the justice ministry maintains the interim measure has no automatic effect in Kazakh law.

A second track runs in Washington: the contractors’ ICSID case, where vice justice minister Daniel Vaisov said this spring the tribunal “is currently being formed”. The first act of either panel, a seating notice or a procedural order, is the thing to watch; it will show whether the July order gets a tribunal behind it.