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

Sultanbek Abilovich Otegenov brought a claim against NEF Qazaqstan LLP and Timur Gayrimenkul Geliştirme Yapi ve Yatirim A.Ş. seeking repayment of bonds that became subject to early redemption following the issuer’s default under related bond obligations. The AIFC Small Claims Court found that the issuer had admitted its debt and that the guarantor was jointly and severally liable under the guarantee agreement. The Court ordered both defendants to pay USD 75,540.27, including principal, accrued interest, and court fees, within 28 days. Download PDF