Arbitral Digest

Matter

VestaStroyService Limited Liability Partnership v Public Company AKASHI Data center Plc. (AIFC Court AIFC-C/CFI/2026/0046; IAC Arbitration Case No. 298/2025)

Arbitration between VestaStroyService and AKASHI concerned termination of a general contractor agreement, with an AIFC Court order enforcing the IAC award.

  • International commercial arbitration
  • Recognition and enforcement of arbitral awards
  • Construction arbitration
Case no.
298/2025

Procedural record

  1. 15 June 2026Arbitration

    15 June 2026Arbitration

    IAC Arbitration Award in Case No. 298/2025 dated 15 June 2026

    Award no.
    298/2025
    Decision summary
    The award required VestaStroyService Limited Liability Partnership to pay Public Company AKASHI Data center Plc. KZT 267,805,255 as a debt due to termination of the General Contractor Agreement, KZT 139,997,520 as a delay penalty, and KZT 80,234,830.37 for reimbursement of arbitral-proceeding costs.

    Participants

    VestaStroyService Limited Liability Partnership
    Public Company AKASHI Data center Plc.
    Institution
    Arbitrator
    Alexander Korobeinikov

    2 months and 11 days later · 72 days

  2. 26 August 2026Kazakhstan

    26 August 2026Kazakhstan

    Judgment and Order of the Court of First Instance of the Astana International Financial Centre in case AIFC-C/CFI/2026/0046 dated 26 August 2026

    Court of First Instance of the Astana International Financial Centre

    Case no.
    AIFC-C/CFI/2026/0046
    Decision summary
    The Court recognised and enforced the measures in Part XI of the IAC Arbitration Award dated 15 June 2026 in IAC Arbitration Case No. 298/2025. It ordered VestaStroyService Limited Liability Partnership to pay AKASHI Data center Plc. the debt, delay penalty and arbitral-proceeding costs specified in the order, subject to a 14-day period to apply to set it aside and the final disposal of any such application.

    Participants

    Application
    Claim Form seeking recognition and enforcement of the measures in Part XI of the IAC Arbitration Award in IAC Arbitration Case No. 298/2025 — Granted
    VestaStroyService Limited Liability Partnership
    Public Company AKASHI Data center Plc.
    Representative
    Nurzhan Makayev (For: Public Company AKASHI Data center Plc.)
    Court of First Instance of the Astana International Financial Centre
    Judge
    The Rt Hon. The Lord Burnett of Maldon KG PC DL

Matter record

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VestaStroyService Limited Liability Partnership v Public Company AKASHI Data center Plc. (AIFC Court AIFC-C/CFI/2026/0046; IAC Arbitration Case No. 298/2025) · Matter