“VestaStroyService” Limited Liability Partnership v Public Company “AKASHI Data center Plc.”

AKASHI Data Center Plc. applied to the AIFC Court for recognition and enforcement of an arbitral award issued by the International Arbitration Centre (IAC) following the termination of a general contractor agreement. The arbitral award ordered VestaStroyService LLP to pay outstanding debt, a contractual penalty for delay in the performance of works, and arbitration-related costs. After reviewing the award, the AIFC Court granted the application and ordered enforcement of the arbitral award, while preserving the Claimant’s right to apply to set aside the enforcement order within 14 days. Download PDF