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Home / Judgments / PACIFIC TRADE HOUSE LIMITED v (1) ALTAI POLYMETALS LLP, (2) TEREKTY KEN BAYYTU LLP

PACIFIC TRADE HOUSE LIMITED v (1) ALTAI POLYMETALS LLP, (2) TEREKTY KEN BAYYTU LLP

CASE No: AIFC-C/CFI/2025/0034

16.09.2026

Keywords

# Discontinuance of proceedings

# Settlement agreement

# Commercial dispute

# No order as to costs

# Court of First Instance

# Claim withdrawal

# AIFC Court proceedings

Judges

Tom Montagu-Smith KC

Summary

Pacific Trade House Limited brought proceedings against Altai Polymetals LLP and Terekty Ken Bayytu LLP before the AIFC Court of First Instance. Before the Court determined the merits of the dispute, the parties reached a settlement and the Claimant filed a request to discontinue the proceedings. The Court therefore ordered that the claim be discontinued and further directed that each party bear its own costs, making no order as to costs. Download PDF

PACIFIC TRADE HOUSE LIMITED v (1) ALTAI POLYMETALS LLP, (2) TEREKTY KEN BAYYTU LLP

Judgment Content