They have to pay$16 million arbitration award Latvian Foreign Ministry: Kyrgyzstan will pay $ 16.5 million Valery Belokon
Previously, the Latvian media reported that the head of Ministry of Foreign Affairs declined to answer the question of payment.
19.12.14 17:24
Marina Skolysheva
Kyrgyzstan will pay $ 16.5 million Valery Belokonju. Such conclusions can be drawn from a message posted on the official website of the Ministry of Foreign Affairs of Latvia at the end of the official visit to the country, Minister for Foreign Affairs of the Kyrgyz Republic Erlan Abdyldaev.
"Erlan Abdyldaev confirmed that Kyrgyzstan will fulfill the requirements of the sentence imposed by the International Arbitration Tribunal in Paris, in the case of an investment dispute" Manas Bank ", this issue has been the Government of the Kyrgyz Republic. This case should not affect the development of the Latvian-Kyrgyz relations", - the report says .
Arbitration Kyrgyzstan ordered to pay $ 23 million damage to investor 47
Meanwhile, earlier Latvian media spread information according to which Abdyldaev evaded a direct answer to the question of payment of the claim.
The decision on payment Latvian businessman and former owner of "Manas Bank" Valery Belokonju $ 16.5 million international Themis issued on October 24 this year. As explained, "WB" in the bank, which since 2010 is in the preservation of the National Bank of the Kyrgyz Republic under the control of, the decision of the arbitral tribunal is in force and not subject to appeal. Within two months from the date of sentencing, according to the procedures Belokon will wait for a response from the government of Kyrgyzstan, and then has the right to initiate seizure of assets. October 31 arbitration award in Paris commented in the Cabinet of the Kyrgyz Republic. The main message of widespread government posts was that granted only part of the claim [/ url] Latvian businessman.
Recall, April 8, 2010 after the change of power in Kyrgyzstan, members of the interim government introduced external control in several banks, which, according to the new political authorities, were related to the family of Bakiyev. Next, a few banks ("Akylinvestbank", "KyrgyzCreditBank", "Manas Bank", "Investment Bank" Issyk-Kul ") entered into conservation. In the last two financial and credit institutions it is still in effect. The first two were sold to the former Bank shareholders.
For several years, representatives of Valery Belokon negotiated to Kyrgyzstan stopped a criminal case against Latvian businessman and management "Manas Bank". In exchange Belokon offered to withdraw the case to international arbitration.
The government has commented on the arbitration decision on the case Belokonja 3
It is worth noting that the last time it was not the first defeat of the government of Kyrgyzstan in the international courts. In the first half of October were arrested a 60% stake in Centerra Gold Kyrgyzstan Inc . The Supreme Court of Ontario has seized 47 million shares of "Kyrgyzaltyn" at the request of the Canadian mining company Stans Energy Corp., which has the country's disputed extension of the license agreement. Claim for $ 118 million of the deposit Kutessay which was to develop Stans Energy Corp., our country lost in July 2014.
In November 2013 the court ordered to pay Kyrgyzstan $ 23 million damage investor. The idea was that arbitration at the Moscow Chamber of Commerce ruled on the suit of a citizen of Korea Lee and John Beck Ltd "The Central Development Corporation FEZ" in Kyrgyzstan.
Has been simmering scandal and around the former owners of the hotel "Pinara Bishkek" (now "Ak-Keme") - Turkish company Sistem Muhendislik Insaat Sanayi ve Ticaret AS, who arrested the shares of Kyrgyzstan in Centerra Gold Inc. to $ 11.4 million. JSC "Kyrgyzaltyn" unfreeze dividends on its shares until September of this year.