BONDHOLDERS (107) OF THE BONDS V (1) LIMITED LIABILITY PARTNERSHIP NEF QAZAQSTAN, (2) TIMUR GAYRIMENKUL GELİŞTİRME YAPI VE YATIRIM A.Ş.

The Claimants, being 107 bondholders, brought proceedings against the First Defendant as issuer and the Second Defendant as guarantor, seeking recovery of sums due following alleged non-payment on maturity of the bonds. The Court granted default judgment against the First Defendant after finding that it had been properly served but failed to file an acknowledgment of service or defence within the required time limits. The Court awarded the principal, coupon, and interest sums, made costs orders in principle, and reserved certain procedural issues including publication of the Claimants’ names and further interest calculations. Download PDF