Judgments

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Judges
Andrew Spink KC
Summary
The Court considered the Defendant’s application challenging the Court’s jurisdiction and seeking to set aside the Claimant’s Claim Form. The Court Order dismissed the application, holding that the Court has jurisdiction and that the Claimant was entitled to proceed despite the alleged failure to follow pre-trial procedures. The case will continue, and the Defendant is required to file a full Defence within the specified time.
Judges
Tom Montagu-Smith КC
Summary
The Court considered a claim by the Claimant for sums due under agreements for the sale and purchase of farming equipment. The Court Order entered a default judgment against the Defendant due to failure to respond and required payment of the claimed amount and legal costs. The Defendant must pay the debt by the specified deadline or its equivalent in US dollars.
TEMIR IBRAYEV
CASE No: AIFC-C/CFI/2025/0032
17.10.2025
Judges
Tom Montagu-Smith КC
Summary
The Court considered an application by the Claimant seeking approval to be registered as a liquidator under the AIFC Insolvency Rules. The Court Order refused the application, finding that the Claimant lacked sufficient qualifications, education, and experience in insolvency practice. The Court noted that the Claimant may reapply upon obtaining the necessary credentials.
MR TULEGEN DON v (1) AB Energo LLP (2) JSC Analytical Credit Rating Agency
CASE No: AIFC-C/CFI/2025/0026 / AIFC-C/CFI/2025/0030
14.10.2025
Judges
Tom Montagu-Smith КC
Summary
The Court considered applications by the Claimant seeking to liquidate and wind up AIFC branches of foreign companies, but concluded that such branches are not separate legal entities and cannot be wound up. The Court Order dismissed the applications and clarified that the proper procedure is cancellation of registration by the Registrar of Companies. The Claimant and Defendants ultimately agreed that no Court intervention was required beyond directing deregistration.
Judges
The Lord Faulks KC
Summary
The Сourt reviewed an application to recognize and enforce an arbitration award issued by the International Arbitration Centre of Kazakhstan in 2025. The Сourt ordered the Defendants to pay substantial amounts for remuneration, penalties, and arbitration costs, while also requiring the Claimant to reimburse part of the arbitration expenses. The Order may be challenged within 7 days, and its enforcement is suspended during that period.
Judges
The Lord Faulks KC
Summary
The court considered an application to recognize and enforce an arbitration award issued by the International Arbitration Centre in 2025. The court upheld most of the claimant’s monetary claims against the defendants, including principal debt, penalties, and arbitration costs, while rejecting the claim for currency risk compensation.