Latest development May 9, 2025
GAR reported that the Tajik state aluminium company is resisting enforcement on sanctions-related grounds.
The award
- Amount awarded
- $316M
- Award holder
- A subsidiary of Rusal (name not verified)
- Respondent
- Tajik Aluminium Company (TALCO), Tajikistan’s state-owned aluminum producer
- Forum
- Commercial arbitration · enforcement proceedings in Singapore (seat and institution not verified)
Challenges
Not verified.
Enforcement
GAR reported in May 2025 that the Tajik state aluminium company is resisting enforcement of the award on sanctions-related grounds.
Recovered to date
None reported
Notes
Only GAR’s summary was available. The creditor’s name, the award date (GAR says it was rendered about 12 years before May 2025), the seat, the composition of the $316M and the outcome of the enforcement proceedings were not verified.