(1) LIU ZIJIA (2) LEI QU v ALIBEK TULEPOV

CASE No: AIFC-C/CFI/2022/0030
03.02.2023
Keywords
# Company liquidation
# Shareholder
# Share transfer
# Сryptocurrency
# Payments and debts
Judges
Thomas Montagu-Smith KC
Summary
The Сlaimants, who owned 90% of the shares in an AIFC company established for cryptocurrency mining, sought a court order requiring the defendant, a 10% shareholder, to withdraw from the company and transfer his shares to them. The Court found that the claimants had failed to identify any legal basis that would justify depriving the defendant of his ownership rights. The Court held that any dispute regarding the company's assets or winding up should be resolved through voluntary liquidation procedures or agreement among shareholders and therefore dismissed the claim. Download PDF

Judgment Content