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Judgment – Default judgment. The claimant, a Russian citizen, brought a claim against the defendant Kazakh company for breach of share purchase agreements. Judgment in default of acknowledgement of service and a judgment on an assessment of damages were entered. The defendant applied to set aside the judgments. The Commercial Court, dismissing the application, held that the establishment by the defendant of a realistic defence was not sufficient to justify setting aside the judgments notwithstanding that the sums involved were large.
Judgment – Default judgment. The claimant, a Russian citizen, brought a claim against the defendant Kazakh company for breach of share purchase agreements. Judgment in default of acknowledgement of service and a judgment on an assessment of damages were entered. The defendant applied to set aside the judgments. The Commercial Court, dismissing the application, held that the establishment by the defendant of a realistic defence was not sufficient to justify setting aside the judgments notwithstanding that the sums involved were large.
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