iO INVESTMENTS (PTY) LTD v CORUNDUM ENGINEERING LIMITED LIABILITY COMPANY

iO Investments (Pty) Ltd brought a claim against Corundum Engineering LLC arising from a supply contract for goods. The Defendant admitted the contractual history and did not dispute the Claimant’s entitlement to payment for goods delivered under the contract. The AIFC Small Claims Court therefore ordered the Defendant to pay RUB 2,790,100. The Court declined to grant the requested declaratory relief regarding the delivery of goods and termination of contractual obligations because the proposed declarations were not sufficiently specified, while leaving the Claimant the opportunity to clarify and renew that request. Download PDF