MS. ZHANERKE BAKASHOVA, MR. YERGALI DZHUVANYSHEV (THIRD PARTY ON THE SIDE OF THE CLAIMANT) v LLP “NUR BASPANA AND K”

The Claimant sought recognition and enforcement of an IAC arbitral award concerning termination of a preliminary real estate sale agreement and recovery of monetary sums. The AIFC Court found the application justified and ordered termination of the agreement and payment of KZT 23,356,650 plus arbitration and legal costs by the Defendant. The Court also granted the Defendant 14 days to apply to set aside the enforcement order, during which enforcement was stayed. Download PDF