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Swedish Court refuses to set aside attachment of Kazakhstan’s property in execution of €500 million arbitration award

Photo by Anna Hunko / Unsplash

16 January 2023, STOCKHOLM. The Svea Court of Appeal has rejected the Republic of Kazakhstan and its National Bank’s appeal against the Swedish Enforcement Authority’s decision to attach securities – mostly shares in some thirty listed Swedish companies and cash held account at a Swedish bank – considered to belong to Kazakhstan.

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