Republic of Kazakhstan v Stati Anatolie, Stati Gabriel, Ascom Group S.A. and Terra Raf Trans Traiding Ltd - Rome Court of Appeal Judgment no 1490-2019 (in Italian with English Translation) - 01 March 2019
The Court makes the following orders:
1) Rejects the Opposition presented by the Republic of Kazakhstan against the Decree of the President of this Court dated 29-30.1.2018 pursuant to which the foreign Arbitral Award, issued on 19.12.2013 and decided at the conclusion of Arbitration Proceedings no. 116/2010 before the Arbitration Institute of the Stockholm Chamber of Commerce and the subsequent Addendum dated 17.1.2014 were declared enforceable in Italy;
2) Orders the Republic of Kazakhstan to pay the legal costs of these proceedings in favour of Anatolie Stati, Gabriel Stati, Ascom Group S.A. and Terra Raf Trans Traiding Ltd. which are quantified for the total sum of € 120,000.00 for fees, general expenses, social security levies and VAT.