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Home / Judgments / BAGISSOVA NATALIA MARATOVNA v (1) SPECIAL-PURPOSE COMPANY “PROJECT SI SPC LTD.” (2) PRIVATE COMPANY “PROPORTUNITY MANAGEMENT COMPANY LTD.”

BAGISSOVA NATALIA MARATOVNA v (1) SPECIAL-PURPOSE COMPANY “PROJECT SI SPC LTD.” (2) PRIVATE COMPANY “PROPORTUNITY MANAGEMENT COMPANY LTD.”

CASE No: AIFC-C/SCC/2024/0045
21.01.2025
Keywords
# Real estate investment agreement
# Joint and several liability
# Order for costs
# Damages
# Termination of agreement
Judges
The Lord Banner KC
Summary
The Claimant brought a claim under a real estate investment agreement, alleging that the Defendants failed to return the invested funds within the agreed period. The Court found the claim proven in the absence of a Defence, declared the agreement terminated, and ordered the Defendants to pay the amount jointly and severally. The Court also refused to award costs, as no unreasonable conduct by the Defendants was established under the applicable AIFC Rules. Download PDF

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