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UK Court says BNY Mellon can freeze $23bn in Kazakh assets (National Bank of Kazakhstan v Bank of New York Mellon SA/NV)

Published on: 22 June 2018
Published by: Law360
  • UK Court says BNY Mellon can freeze $23bn in Kazakh assets (National Bank of Kazakhstan v Bank of New York Mellon SA/NV)
  • What did the court decide?

Article summary

Law360: A London appeals court on 19 June 2018 upheld a ruling allowing Bank of New York Mellon Corporation to freeze $22.6bn of assets in Kazakhstan’s oil fund as part of a dispute over the country’s refusal to pay a $506.7m arbitration award granted to a Moldovan investor. or take a trial to read the full analysis.

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