Swedish Supreme Court: Kazakh Account Not Immune From Seizure To Enforce Award

(November 19, 2021, 11:26 AM EST) -- STOCKHOLM, Sweden — The Supreme Court of Sweden on Nov. 18 reversed an appellate court ruling and held that the Republic of Kazakhstan and its national bank’s investment fund in Sweden worth more than $90 million is not immune from attachment and seizure to enforce an arbitral award worth more than $500 million issued in favor of oil investors and remanded the case to address other questions about the account....

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