Judgments

The applicant sought the removal of the sole arbitrator in a pending IAC arbitration, alleging concerns regarding the arbitrator’s independence, impartiality, disclosure obligations, nationality, and fee arrangements. The AIFC Court rejected all grounds of challenge, holding that the arbitrator’s professional contacts with counsel, nationality, and fee arrangements did not give rise to objectively justifiable doubts as to his independence or impartiality. The application was dismissed, and the parties were directed to agree costs or submit written submissions for the Court’s assessment.

The claimants applied to the AIFC Court for recognition and enforcement of an arbitral award issued by the International Arbitration Centre against two LLPs and two individual respondents. The Court granted the application and ordered the defendants to pay jointly and severally the outstanding debt, legal representation costs, success fee, arbitrator's fee, and arbitration expenses. The Court further directed that all recovered funds be transferred to the administrator of the iKapitalist investment platform for distribution among investors in accordance with the relevant agreements and investor register.

The Claimant, InvestRoom Ltd, applied to the AIFC Court for recognition and enforcement of an arbitral award issued by the International Arbitration Centre. The Court found the application justified and ordered the First Defendant to pay KZT 12,030,800 in outstanding debt and KZT 1,323,388 in arbitration costs. The Defendant was granted 14 days to apply to set aside the order before enforcement could begin.

Fifty-seven claimants applied to the AIFC Court to recognize and enforce an arbitral award issued by the International Arbitration Centre against Optograd LLP and two individual respondents. The Court granted the application and ordered the defendants to pay jointly and severally the outstanding debt, legal representation expenses, a success fee, and arbitrator’s fees. The Court also directed that all recovered funds be transferred to the administrator of the iKapitalist investment platform for distribution among investors in accordance with the applicable agreements and investor register.

Eighty-four claimants applied to the AIFC Court for recognition and enforcement of an arbitral award issued by the International Arbitration Centre against LLP Zhumyshy-Agro and its guarantor. The Court granted the application and ordered the defendants to pay jointly and severally the principal debt of KZT 110 million, accrued remuneration, penalties, legal expenses, success fee, and arbitration costs. The Court further directed that all recovered sums be transferred to the administrator of the iKapitalist investment platform for distribution among investors in accordance with the investor register and relevant agreements.

The Applicants sought to set aside or reopen several AIFC Court judgments that had refused permission to appeal and awarded costs against them. The Court dismissed the application, finding that it failed to identify any exceptional circumstances, procedural unfairness, or real injustice that could justify reopening the cases. The Court further certified both the application and earlier appeals as totally without merit and warned that continued meritless litigation could result in restrictions on the Applicants’ ability to bring further claims.