IZMAGAMBETOV TOKHTAR IZIMOVICH v (1) PRIVATE COMPANY “PROPORTUNITY MANAGEMENT COMPANY LTD.” (2) SPECIAL-PURPOSE COMPANY “PROJECT SI SPC LTD.”

The Claimant brought a claim arising from an investment agreement for a “Club House” project, under which the Second Defendant received funds but failed to repay them or properly account for returns. The Court found a breach of contract, ordered repayment of the principal investment, awarded dividends based on a 30% annual return, and imposed a contractual penalty for late payment due to continued default. The claim for moral damages was rejected, and no order as to costs was made. Download PDF