FREEDOM FINANCE JSC v Mr. EGOR ROMANYUK

The claimant sought permission to appeal an AIFC Court judgment that awarded USD 100,000 for the defendant’s breach of a settlement agreement through disparaging social media posts, arguing that USD 5,000,000 should have been awarded instead. The claimant contended that the trial judge improperly reduced the contractual penalty under Article 297 of the Civil Code and incorrectly approached the burden of proof regarding losses. The AIFC Court refused permission to appeal, finding that the judge had properly exercised his discretion, that the appeal had no real prospect of success, and that the judgment did not create a binding precedent. Download PDF