Arbitral Digest

Matter

53 Claimants v. (1) Victory Kaz Energy LLP and (2) Balgabaev Murat Sarsenbaevich (AIFC Court AIFC-C/CFI/2026/0023)

AIFC Court enforced an International Arbitration Centre award against Victory Kaz Energy and its guarantor, ordering joint payment of debt, costs and fees.

  • Investor-state arbitration
  • Recognition and enforcement of arbitral awards
  • Energy arbitration

Procedural record

  1. 22 January 2026Arbitration

    22 January 2026Arbitration

    Arbitral Award issued by the International Arbitration Centre

    International Arbitration Centre

    Participants

    53 Claimants
    Victory Kaz Energy LLP
    Balgabaev Murat Sarsenbaevich
    International Arbitration Centre

    5 months and 10 days later · 161 days

  2. 2 July 2026Kazakhstan

    2 July 2026Kazakhstan

    Judgment of the AIFC Court in case AIFC-C/CFI/2026/0023 dated 2 July 2026

    AIFC Court

    Case no.
    AIFC-C/CFI/2026/0023
    Decision summary
    The AIFC Court granted the application to recognize and enforce the arbitral award. It ordered Victory Kaz Energy LLP and Balgabaev Murat Sarsenbaevich to pay jointly and severally the outstanding debt, legal costs, arbitrator’s fees, and part of the recovered penalty, and directed recovered amounts to the iKapitalist investment platform administrator for distribution among investors under the relevant agreements and investor register.

    Participants

    53 Claimants
    Victory Kaz Energy LLP
    Balgabaev Murat Sarsenbaevich
    AIFC Court
    Judge
    The Rt Hon. The Lord Burnett of Maldon KG PC DL
    Other
    Institutional administrator
    iKapitalist investment platform administrator

Matter record

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53 Claimants v. (1) Victory Kaz Energy LLP and (2) Balgabaev Murat Sarsenbaevich (AIFC Court AIFC-C/CFI/2026/0023) · Matter