The Week in Kazakhstan: Father To Son
Kazakhstan and a group of companies headed by the family of Moldovan businessman Anatol Stati reached an out-of-court settlement on July 16, the ministry of justice said in a press release. Stati had successfully filed a lawsuit in an arbitration court in Sweden and was awarded a compensation of more than $500 million in 2013. Kazakhstan rejected the settlement, claiming that the Stati side committed fraud, and refused to pay. The 14-year legal spat has now ended.