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Khan Resources B.V. (the Netherlands) v. Mongolia

Counsel

Crowell & Moring LLP (I. Laird, A. de Gramont & A. Riveira) v. Hogan Lovells (M. Davison, L. Gouiffès, M. Burgstaller, T. Kendra)


Case registered

10.01.2011


Forum & reference

Ad hoc UNCITRAL Arbitration Rules


Arbitrators

David A.R. Williams (Chair); L. Yves Fortier; Bernard Hanotiau


Subject matter

Uranium mining project


Status of proceeding

Decision on jurisdiction awarded on 25 July 2012

Award rendered on 02.03.2015 (see www.marketwired.com/press-release/khan-announces-us100-million-international-arbitration-award-cnsx-kri-1996568.htm)

Khan and the Government of Mongolia have signed an agreement whereby in consideration of the payment to Khan of US$70 million on or before May 15, 2016, all outstanding matters pursuant to the international arbitration award received by Khan are resolved and terminated. The Government of Mongolia has further agreed it shall forthwith withdraw and discontinue the proceedings to annul the award before the Paris courts. Upon receipt of the consideration by Khan, any and all other proceedings shall be terminated by Khan including the certification application in the U.S. District court in Washington.

(see http://www.marketwired.com/press-release/khan-announces-settlement-and-terms-of-payment-of-arbitration-award-cnsx-kri-2103267.htm)


Claim

USD 200 million


Award

Award

Notice of Arbitration