MR SULTANBEK ABILOVICH OTEGENOV v (1) NEF QAZAQSTAN LIMITED LIABILITY PARTNERSHIP, (2) TIMUR GAYRIMENKUL GELIŞTIRME YAPI VE YATIRIM A.Ş. JOINT STOCK COMPANY

The Claimant brought a claim for repayment of matured bonds issued by the First Defendant and guaranteed by the Second Defendant, including interest and costs. The Court had previously awarded the principal sum and court fee, and later considered the Claimant’s application for additional legal costs. Although the Claimant was the successful party, the Court refused to award further costs, finding no unreasonable conduct by the Defendants under Rule 26.9 of the AIFC Court Rules. Download PDF