Сатаров, Аскаров и Партнеры Satarov, Askarov & Partners

+996 (555) 777-921
+996 (312) 622-162 info@sap.kg

GAR nominates CIS Economic Court judgment among 10 most important judgments of 2014 Global Arbitration Review (‘GAR’) has nominated the judgment of the CIS Economic Court on the interpretation of the 1997 Moscow Convention for Protection of Investors’ Rights, as one of 10 most important judgments of 2014. Satatov, Askarov & Partners acted for the Kyrgyz Republic in the proceedings. GAR comments that the judgment ‘prevented a potential flood of claims at so-called "pocket” arbitration courts’. The other 9 nominations include, for example, the US $50 billion award against Russia in favour of Yukos shareholder, so far the largest arbitral award in history. Read more
Kyrgyz Citizens have an opportunity to get Gold, D2 and D7 Visas in Portugal and open a Bank account We are pleased to announce that Law firm “Sattarov, Askarov & Partners” has signed a cooperation agreement with the Portuguese law firm “Almeida, Dias & Associados”. Now, Kyrgyzstan have a unique opportunity to participate in the programs: Golden Visa, Opening a Bank account for non-residents in Portugal, Residence Permit for private entrepreneurs (Visa D2), Residence Permit (Visa D7).
KYRGYZSTAN’S FIRST VICTORY IN INTERNATIONAL INVESTMENT ARBITRATION In international arbitration in Toronto, Canada, Satarov, Askarov & Partners jointly with US firm Winston & Strawn acted for the Kyrgyz Government and have achieved withdrawal of all of US $17 mln claims by US investor Ilia Levitis relating to nationalisation of AsiaUniversal Bank. Levitis was also ordered to pay $404,000 in costs. Read more
IA REPORTER COMMENTS ON KYRGYZSTAN’S REQUEST TO CIS ECONOMIC COURT TO INTERPRET CIS INVESTMENT CONVENTION Satarov, Askarov & Partners advise the Government of Kyrgyzstan on its application to the CIS Economic Court for interpretation of Article 11 of the CIS Investment Convention which investors sought to interpret as allowing them to submit disputes to any international arbitration court. Read more
BANK RESTRUCTURING AGENCY FILES $63 MLN CLAIM AGAINST FORMER ASIAUNIVERSALBANK MANAGERS In October regional court in Bishkek, Satarov, Askarov & Partners act for the Kyrgyz Bank Restructuring Agency in connection with its US $63 mln claim filed against former management of AsiaUniversalBank, once Kyrgyzstan’s largest bank, on behalf of the bank’s depositors. Read more
KYRGYZSTAN CHALLENGES MOSCOW ARBITRATION AWARDS In the Russian courts, Satarov, Askarov & Partners> act for the Government of Kyrgyzstan in connection with Kyrgyzstan’s challenge of two arbitral awards made by the Moscow Chamber of Commerce Arbitration for US $25 million. Read more
KYRGYZSTAN CONTINUES TO PREVAIL IN INTERNATIONAL ARBITRATIONS CONCERNING NATIONALISATION OF ASIAUNIVERSALBANK In international arbitration proceedings in Dublin, Ireland, Satarov, Askarov & Partners, jointly with US firm Winston & Strawn, have secured a $280,000 costs award against a US company Ithaca Holdings Inc and former chairman of AsiaUniversalBank Mikhail Nadel after withdrawal of their US $400 mln claims regarding nationalisation of AsiaUniversalBank. Nadel has re-filed his separate claim in a new proceeding but Ithaca has abandoned its US $68 million claim and is now time-barred to re-file it in a separate proceeding. Read more
ASIAUNIVERSAL BANK CHAIRMAN FILES EVIDENCE IN BANK NATIONALISATION CLAIM After a two year delay, оn 15 September 2014, former AsiaUniversalBank Chairman Mikhail finally filed evidence in London-seated arbitration proceedings relating to his bank nationalisation claim against the Kyrgyz Government. In the recent filing, Nadel reduced his claim from US $450 million to US $65 million. Hearing expected in late 2015. Kyrgyzstan will defend the claim. Satarov, Askarov & Partners acts for the Kyrgyz Government.
CIS ECONOMIC COURT UPHOLDS KYRGYZSTAN’S INTERPRETATION OF REGIONAL INVESTMENT TREATY On 23 September 2014, CIS Economic Court upheld Kyrgyzstan’s interpretation of of the Convention for Protection of Investors’ Rights 1997 (in effect for Armenia, Belarus, Kazakhstan, Kyrgyzstan, Moldova and Tadjikistan) that has been used to bring a series of US $143 mln investor-state claims against Kyrgyzstan. The judgment limits investors’ rights to arbitrate US disputes to institutions specified in bilateral treaties, national laws or specific agreements. Satarov, Askarov & Partners acted for Kyrgyz Government in the case.
GLOBAL ARBITRATION REVIEW COMMENTS ON ASIAUNIVERSALBANK ARBITRATIONS One of the world's leading publications, Global Arbitration Review, closely follows international arbitration proceedings on the 2010 nationalisation of AsiaUniversalBank, formerly Kyrgyzstan's largest bank, in which Satarov, Askarov & Partners acts for the Kyrgyz Government.

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Commercial contracts

We provide services to international and domestic companies in connection with developing, negotiating and resolving disputes arising from a wide range of commercial contracts, including goods or services supply agreements, distribution agreements, agency agreements, joint venture agreements, etc. Among other things, we:

advise on an optimal contract structure;

draft commercial contracts tailored to the client’s needs;

negotiate contracts with the counterparty and their lawyers;

examine commercial contracts with regards to compliance thereof with applicable laws and legal capacity of the parties, and if required issue customary Kyrgyz law enforceability opinions;

act for clients in Kyrgyz courts or international arbitration under any set of arbitration rules in connection with disputes arising out of commercial contracts.