REPUBLIC OF KAZAKHSTAN V WORLD WIDE MINERALS LTD AND OTHERS

[2025] EWHC 452 (Comm), King's Bench Division, Commercial Court, Mr Justice Bryan, 28 February 2025

Arbitration – Serious irregularity – Failure by tribunal to deal with issue put to it – Arbitration Act 1996, section 68(2)(d)

In June 1996 WWM won a tender to manage and acquire a uranium processing facility in Kazakhstan owned by a state-run company TGK. Under the Management Agreement, WWM extended loans of US$12.7 million to TGK, secured by a pledge over all of TGK's major assets.