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AITENOV AZAMAT AMANGELDINOVICH v PROJECT SI SPC LTD

CASE No: AIFC-C/SCC/2024/0024
14.11.2024
Keywords
# Repayment
# Investment
# Breach of Contract
# Corporate veil
# Penalty
Judges
Patricia Edwards
Summary
The Claimant brought a contractual claim under an investment agreement seeking repayment of its investment and a contractual penalty, while the Defendant failed to file a defence. The Court found that only part of the investment was proven to have been paid, ordered its return with a reduced penalty, and dismissed arguments regarding corporate veil piercing and freezing relief, making no order as to costs. Download PDF

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