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Hedge Fund Seeks To Nix Kazakhstan Fraud Suit Over $506M
Law360 (April 29, 2021, 10:17 PM EDT) A hedge fund told a New York federal judge that Kazakhstan s lawsuit accusing it of conspiring with Moldovan oil and gas investors to secure a fraudulent $506.7 million arbitral award should be tossed, saying the Central Asian country is trying to hold the fund liable under English law.
Argentem Creek Partners and its founder and CEO, Daniel Chapman, told the judge in a letter Monday they are requesting a pre-motion conference to file a motion to dismiss against Kazakhstan and a motion to compel arbitration against the country s co-plaintiff, Outrider Management LLC.
Hedge Fund Seeks To Nix Kazakhstan Fraud Suit Over $506M
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Hedge Fund Seeks To Nix Kazakhstan Fraud Suit Over $506M
law360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from law360.com Daily Mail and Mail on Sunday newspapers.
EATONTOWN - Construction has started at The Alley at the Fort, which could open by next year, bringing bowling back to the former military base.
The owners, Rumson-based Parker Creek Partners, closed on the property at the end of last month, said the Fort Monmouth Economic Revitalization Authority, or FMERA. The partners held a groundbreaking event Thursday.
The alley, which once served as a center of entertainment for those stationed at Fort Monmouth, will be part of a new nexus of entertainment amenities that are being created at the fort, said Bruce Steadman, FMERA s executive director.
Those amenities include the Loft, the former Dance Hall that is being retrofitted for a small microbrewery and an event space, the Fort Athletic Club, which once served as a fitness center, and the former Expo Theater, which will serve as another recreation space.
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Dutch Supreme Court Refers US$5.2 Billion Asset Freeze To Lower Court For Re-examination In “Tristangate” Dispute
December 18, 2020 GMT
NEW YORK, Dec. 18, 2020 /PRNewswire/ The Dutch Supreme Court today set aside the Amsterdam Court of Appeal’s decision related to an attachment of Kazakhstan’s stake in the international consortium developing the Kashagan oil field. This attachment, valued at US$5.2 billion, remains fully in place as security for the award of more than US$540 million, payable to the owners and bondholders of Tristan Oil. The stake in question represents shares in Dutch entity KMG Kashagan B.V. and is held by Kazakhstan via its sovereign wealth fund JSC Samruk-Kazyna.