The purchasing company was registered several months before the transaction. Read
The court decision is based on the fact that Montenegro is allegedly not the legal successor of the Union of Serbia and Montenegro and therefore should not be liable for its obligations under the investment protection treaty with the Russian Federation.
After the resignation of Nursultan Nazarbayev as the President of Kazakhstan and election of Kassym-Jomart Tokayev, the power balance in the national political elite started changing. People close to the country’s leadership are reshuffled. This has directly affected young oligarch and investor Kenes Rakishev. Many online portals are publishing information about suspicious schemes pulled off by the ‘pocket investor’; some of them claim that his accounts are blocked, while Rakishev is on the run. The oligarch is actively refuting such rumors; however, his prospects do not seem rosy nowadays.