A specialized inter-district economic court in Taraz has invalidated a financial leasing agreement worth more than 1.28 billion tenge and ordered both parties to return everything they received under the deal, infohub.kz reports.
According to the official Telegram channel of the courts of Zhambyl Region, the court heard a civil case brought by a joint-stock company against two limited liability partnerships, seeking to have the financial leasing agreement declared invalid and the parties restored to their original positions.
The proceedings established that in June 2025 the defendants concluded a financial leasing agreement worth more than 1.28 billion tenge. The transaction amounted to 91.7% of the book value of the assets of one of the limited liability partnerships, but the required unanimous decision of the general meeting of participants approving the deal was never adopted.
The court also found a conflict of interest: the director of one limited liability partnership was simultaneously the head of the other limited liability partnership, and the agreement on behalf of the latter was signed by his wife under a power of attorney he had issued.
After assessing the evidence presented, the court concluded that the transaction had violated the requirements of the law and the partnership's charter.
The court upheld the joint-stock company's claim to have the transaction declared invalid and the parties restored to their original positions. The parties are required to return to each other everything received under the deal. The ruling has not yet entered into legal force.