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IN THE MATTER OF DA VINCI CAPITAL MANAGEMENT LIMITED
CASE No: AIFC-C/CFI/2025/0033
19.12.2025
Judges
Tom Montagu-Smith КC
Summary
Temirzhol Zhondeu LLP v CITIC Constructions Co. Ltd.
CASE No: AIFC-C/CFI/2025/0046
19.12.2025
Judges
The Lord Faulks KC
Summary
The Claimant sought enforcement of an AIFC arbitral award arising from a highway maintenance contract dispute over withheld payments. The arbitral award ncorporated a settlement agreement into its award, which the Defendant failed to comply with, relying on unsupported objections regarding scope changes and documentation. The Court rejected these arguments and enforced the award.
Judges
Tom Montagu-Smith КC
Summary
The Court considered an application by the Claimant to recognize and enforce an arbitration award issued by the International Arbitration Centre in 2025. The Court Order upheld the main claims for principal debt, penalties, and arbitration costs against the Defendants, while partially granting and partially dismissing additional monetary claims. The Defendants may apply to set aside the Court Order within 14 days, and enforcement is suspended during that period.
Judges
Tom Montagu-Smith КC
Summary
The Court considered an application by the Claimant to recognize and enforce an arbitration award issued by the International Arbitration Centre in 2025. The Court Order required the Defendants to pay the total amount of principal debt, remuneration, penalties, and arbitration costs on a joint and several basis. The Defendant may apply to set aside the Court Order within 14 days, and enforcement is suspended during that period.
Judges
Tom Montagu-Smith КC
Summary
The Court considered an application by the Claimant to recognize and enforce an arbitration award issued by the International Arbitration Centre in 2025. The Court Order required the Defendants to pay principal debts under loan agreements, together with currency compensation, penalties, and arbitration-related expenses on a joint and several basis. The Defendants may apply to set aside the Court Order within 14 days, and enforcement is suspended during that period.