84 Claimants v (1) LLP Zhumyshy-Agro, (2) Mukanov Dimash Urkenovich

Eighty-four claimants applied to the AIFC Court for recognition and enforcement of an arbitral award issued by the International Arbitration Centre against LLP Zhumyshy-Agro and its guarantor. The Court granted the application and ordered the defendants to pay jointly and severally the principal debt of KZT 110 million, accrued remuneration, penalties, legal expenses, success fee, and arbitration costs. The Court further directed that all recovered sums be transferred to the administrator of the iKapitalist investment platform for distribution among investors in accordance with the investor register and relevant agreements. Download PDF