QARMET JOINT STOCK COMPANY v PRIVATE COMPANY SILK ROAD COAL LTD

The Court issued a default judgment in favour of the Claimant after the Defendant failed to file an acknowledgment of service or defence. It confirmed that it had jurisdiction and that proper service had been effected, and therefore the conditions for default judgment under the AIFC Court Rules were satisfied. The Court declared the contract terminated due to impossibility of performance by both parties. Any further consequential relief was not granted at this stage and would require a separate application. Download PDF