COMMERCIAL PROPERTIES LTD v (1) DOSTYK PLAZA LIMITED LIABILITY PARTNERSHIP (2) SHYMKENT PLAZA LIMITED LIABILITY PARTNERSHIP

Commercial Properties Ltd applied to the AIFC Court for approval of a corporate restructuring involving the merger of Dostyk Plaza Limited Liability Partnership and Shymkent Plaza Limited Liability Partnership into the claimant company. The court found that the sole owner of all entities had approved the merger, creditors had been notified, assets and liabilities were adequately protected, and the arrangement satisfied the requirements of the AIFC Companies Regulations. The court sanctioned the arrangement under Sections 124 and 126 of the AIFC Companies Regulations and ordered the merger to proceed according to the Agreement on Merger dated 16 January 2024. Download PDF