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Tribunal terminates arbitration against Kazakhstan filed by two-time felon

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A tribunal formed by the International Dispute Resolution Centre terminated all claims filed by Litco LLC against the Republic of Kazakhstan, the City of Almaty, and BTA Bank JSC.

Litco was formed and owned by Felix Sater, a twice-convicted criminal in the United States, who is accused in a separate lawsuit pending in the United States District Court of helping Mukhtar Ablyazov, Ilyas Khrapunov, and their accomplices to launder tens of millions of dollars stolen from Kazakhstan.

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