News 19 Dec. 2019
Curtis Wins in London for Federal Airports Authority of Nigeria
News 18 Apr. 2016
Curtis gains recognition in new Africa publication
News 26 Feb. 2020
Curtis Secures Comprehensive Victory for the Republic of Kazakhstan’s Committee of Roads
News 24 Jan. 2020
Curtis defeats $400 million investment treaty claim brought against India
Client Alert 03 Apr. 2020
EU Insight: COVID-19 (Coronavirus) – Regulatory Measures and Announcements
Client Alert 02 Apr. 2020
UK Insight: COVID-19 Business Financing Facilities: Coronavirus Business Interruption Loan Scheme (CBILS) & Covid Corporate Financing Facility (CCFF)
Client Alert 26 Mar. 2020
Mexico Insight: COVID-19 (Coronavirus) Legal Implications
News 18 Dec. 2019
Six Curtis Partners Featured in Who's Who Legal - Arbitration 2020
Event 31 Jan. 2020
Partner Antonia Birt Speaks at 5th Annual GAR Live Abu Dhabi
Publications 15 Jan. 2020
Antonia Birt publishes IBA Arbitration Country Guide for the UAE
Client Alert 27 Mar. 2020
U.S. Insight: Data Security and Protection in the New Work-From-Home Regime During Coronavirus/COVID-19
Client Alert 24 Mar. 2020
U.S. Insight (Coronavirus/ COVID-19): Force Majeure under New York Law
Client Alert 06 Apr. 2020
U.S. Insight: Update on Virtual Notarization (Executive Order 202.7) During the COVID-19 (Coronavirus) Pandemic
News 29 Jun. 2012
Astana, June 29, 2012 - Curtis, Mallet-Prevost, Colt & Mosle LLP counseled the Republic of Kazakhstan in a transaction that closed yesterday in Astana regarding the development of the Karachaganak oil and gas field, one of the world's largest.
KazMunayGas (KMG), Kazakhstan's national oil company, is acquiring a 10% stake in the consortium developing the Karachaganak field under the agreement that was reached last December. Karachaganak had been the only major oil project in Kazakhstan in which KMG did not already hold a stake. KazMunayGas will join British Gas, ENI, Chevron and Lukoil in the consortium.
Kazakhstan paid approximately $1 billion for a 5% stake in the project. The remaining 5% was transferred to Kazakhstan in settlement of two international arbitrations that were pending between Kazakhstan and the Karachaganak consortium members. The $1 billion purchase is being financed through a loan arrangement between KazMunayGas and the other Karachaganak consortium members.
As part of the settlement, the Consortium agreed to provisions establishing enhanced cost control with respect to major development projects in the future.
Curtis also recently represented Kazakhstan in negotiations that resolved certain disputes with the North Caspian Sea Consortium regarding the development of the Kashagan field, reported to be the world's largest oil discovery since the 1970s.
For the closing of the Karachaganak Settlement Agreement, Curtis utilized a team of lawyers led by partners Eric L. Gilioli and Askar N. Moukhitdinov and associates Oreste Cipolla, Joshua Holt, Askhad Koshkarbayev and Nurlan Mukhitdinov.
For the $1 billion loan arrangement between KazMunayGas and the other consortium members, Curtis used a team of lawyers led by partner Daniel Lenihan, together with Winta Jarvis, Marjena Anderson and Brad Doline and, on Kazakhstani law matters, Askar Moukhitdinov with Nurlan Mukhitdinov and Askhad Koshkarbayev.