57 Claimants v 1) OPTOGRAD LLP, 2) Berdenov Kairat Serikovich, 3) Berdenov Almat Serikovich

Fifty-seven claimants applied to the AIFC Court to recognize and enforce an arbitral award issued by the International Arbitration Centre against Optograd LLP and two individual respondents. The Court granted the application and ordered the defendants to pay jointly and severally the outstanding debt, legal representation expenses, a success fee, and arbitrator’s fees. The Court also directed that all recovered funds be transferred to the administrator of the iKapitalist investment platform for distribution among investors in accordance with the applicable agreements and investor register. Download PDF