BONDHOLDERS (138) OF THE BONDS V (1) LIMITED LIABILITY PARTNERSHIP NEF QAZAQSTAN, (2) TIMUR GAYRIMENKUL GELİŞTİRME YAPI VE YATIRIM A.Ş.

The Court considered an application for clarification of a prior judgment concerning the distribution of debt and costs awarded to 138 bondholder claimants. The Court confirmed that each claimant’s entitlement should be determined according to the schedule submitted by the claimants, directed that payments be made through designated accounts for administrative convenience, and clarified that such payment arrangements did not alter the underlying legal rights of the parties. The Court further held that each claimant was entitled to a proportionate share of the costs award corresponding to their share of the debt recovery. Download PDF