PRIVATE COMPANY “OCTOP S.A.A.” LTD v “HOLO MEDIA” LLP

OCTOP S.A.A. Ltd brought a claim against HOLO MEDIA LLP seeking payment for equipment supplied under a sale and purchase agreement. The Сlaimant demonstrated that the equipment had been delivered, the Defendant had failed to make the agreed instalment payments, and had subsequently acknowledged the outstanding debt in writing. The AIFC Small Claims Court determined the case on the papers, found that the Defendant had breached its payment obligations, and ordered it to pay KZT 29,304,239.70, including the contractual debt and accrued penalty. Download PDF