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MR PITA BRACHO DAVID MANUEL v TURBOPRE SERVICES C.A.
CASE No: AIFC-C/CFI/2025/0052
22.12.2025
Judges
Tom Montagu-Smith КC
Summary
Judges
Patricia Edwards
Summary
The Claimant sought recovery of a debt under a debenture purchase agreement and related guarantee. Although the debt was repaid after proceedings commenced, the Claimant pursued its costs. The Court found jurisdiction only over the First Defendant and awarded costs against it for unreasonable conduct, while dismissing the claim against the remaining defendants for lack of jurisdiction.
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.