Kazakhstan’s big Tristan test

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TRISTAN OIL-KAZAKHSTAN DISPUTE

Kazakhstan’s big Tristan test

Issue: 1165 - 27 July 2010

Kazakhstan is risking the ire of international lenders and emerging market investors if its dispute with Tristan Oil gives way to a default by the company on its Eurobond. Penalising bondholders will be a huge blow to all the efforts the government has made in the last three years to regain the trust of foreign investors. ..

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