Court AIFC » YERLAN VILENULY DARZHAN v ACLB MANAGEMENT COMPANY LTD

CASE No: AIFC-C/SCC/2025/0007

30.07.2025

Keywords

# Investment contract

# Regulatory breach

# Unlicensed activity

# Jurisdiction clause

# Restitution claim

# Default judgment

# Small claims court

Judges

Saima Hanif KC

Summary

The Claimant sought recovery of funds paid under an investment agreement, arguing that the Defendant was not licensed by AFSA to provide financial services, rendering the contract invalid. The Defendant failed to respond or participate in the proceedings. The Court held that the agreement violated regulatory requirements and ordered restitution of the invested funds along with partial legal costs. Download PDF

YERLAN VILENULY DARZHAN v ACLB MANAGEMENT COMPANY LTD

Judgment Content