MR TULEGEN DON v (1) AB Energo LLP (2) JSC Analytical Credit Rating Agency

The Court considered applications by the Claimant seeking to liquidate and wind up AIFC branches of foreign companies, but concluded that such branches are not separate legal entities and cannot be wound up. The Court Order dismissed the applications and clarified that the proper procedure is cancellation of registration by the Registrar of Companies. The Claimant and Defendants ultimately agreed that no Court intervention was required beyond directing deregistration. Download PDF