JSC 'Nurbank' (hereinafter the Bank) deems it necessary to comment on the announcement of the court ruling in the lawsuit filed by the Bank against several individuals, including Kurmambayev T., and LLC 'Investment Company Russian North' (hereinafter 'Russian North') to invalidate transactions involving the alienation of commercial real estate in the '7th Continent' business center.
From November 2017 to the present, 'Russian North', with the involvement of the individual Toganbayeva Zh., has made numerous attempts to influence the course of the legal proceedings by infusing a political aspect, demanding that a regular civil dispute be resolved on an international level with the involvement of the state authorities of the Republic of Kazakhstan and the Russian Federation. In particular, by utilizing the status of a foreign legal entity and claiming to be a foreign investor, 'Russian North' has repeatedly alleged violations of its legal interests and infringements of international law norms, accusing the Kazakhstani court of biased behavior.
Kazakhstan citizen Toganbayeva Zh., in the interests of 'Russian North', citing international obligations, Kazakhstan's chairmanship in the UN Security Council, and Kazakhstan's contribution to conflict resolution in Syria, has repeatedly petitioned the Bank, the National Bank of Kazakhstan, and the Office of the Prime Minister of Kazakhstan to intervene in the legal proceedings and defend the rights of the 'foreign investor'. During the legal proceedings, the Bank submitted official documents obtained from the state authorities of the Russian Federation indicating a connection of 'Russian North' with the previous owner of the contested premise, Kurmambayev T., who is aware that the property was seized from his possession and is subject to being held as security by JSC 'Nurbank'. These documents were attached to the civil case file and were duly evaluated.
JSC 'Nurbank' holds that a fair decision was made by the court within the framework of a regular civil law dispute, unrelated to investment issues in the republic.
Aygul Kassenova
Press Secretary of JSC 'Nurbank'
Contact tel: 2 599 710 *5465
+7 700 545 02 01