Tag: state-owned companies

The enduring saga of Tajikistan’s TALCO dispute
By 15 January, 2018 0 Comments Read More →

The enduring saga of Tajikistan’s TALCO dispute

The Tajik Aluminium Company (or TALCO, also referred as TadAZ) has become the symbol of Central Asian corruption and non-transparency. Tajikistan’s most scandalous industrial asset has undergone through an array of legal challenges – from unresolved offshore mysteries to rapid management switches, from dubious tolling schemes to one of the most expensive litigations in the […]

State immunity and state-owned enterprises: a recent dispute involving Moldova

State immunity and state-owned enterprises: a recent dispute involving Moldova

In a recent judgment (27 January 2017), the Court of the Southern District of New York ordered state enterprise Moldovagaz S.A and the Republic of Moldova to pay USD 27 million to Gater Assets Limited. The judgment raises certain issues regarding the state’s liability for state-owned enterprises’ commercial activities. Given that the Government of Moldova has never been party […]