Rodiston Ltd v Canik & Ors [2026] EWHC 545 (Comm) (11 March 2026)

Rodiston Ltd v Canik & Ors [2026] EWHC 545 (Comm) (11 March 2026)

The Defendants are jointly and severally liable for the principal and interest under the loan agreements, with Miral and Vertia acting as guarantors. The English court has jurisdiction under the contractual clauses, and the Defendants have no arguable defence. Any jurisdictional challenge is out of time and without merit.

Citation
[2026] EWHC 545 (Comm)
Parties
Claimant: Rodiston Limited; First Defendant: Murat Canik; Second Defendant: Vertia Insaat Taahhüt Turizm Halicilik Deri Kuyumculuk Sanayi Ve Ticaret Anonim Sirketi; Third Defendant: Miral Turizm Insaat Petrol Sanayi Ve Ticaret Anonim Sirketi
Jurisdiction
England and Wales
Judgment Date
11 March 2026
Procedural Posture
Commercial Claim for Recovery of Loan Sums and Interest / Final Judgment After Oral Hearing; Defendants Did Not Appear
Outcome
Judgment for the Claimant
Legal Topics
Loan Agreements, Guarantees, Jurisdiction Clauses, Default Judgment, Corporate Liability
Commercial Law Contract Law Loan Agreements Guarantees Jurisdiction Clauses Default Judgment Corporate Liability

Case Brief

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Parties

Rodiston Limited

Claimant

Murat Canik

First Defendant

Vertia Insaat Taahhüt Turizm Halicilik Deri Kuyumculuk Sanayi Ve Ticaret Anonim Sirketi

Second Defendant

Miral Turizm Insaat Petrol Sanayi Ve Ticaret Anonim Sirketi

Third Defendant

Procedural Posture

Commercial Claim for Recovery of Loan Sums and Interest / Final Judgment After Oral Hearing; Defendants Did Not Appear

Legal Issues

  1. 1 Whether the Defendants are liable for repayment of principal and interest under the loan agreements
  2. 2 Whether Miral and Vertia are liable as guarantors
  3. 3 Whether the English court has jurisdiction under the loan agreements

Ratio Decidendi

The Defendants are jointly and severally liable for the principal and interest under the loan agreements, with Miral and Vertia acting as guarantors. The English court has jurisdiction under the contractual clauses, and the Defendants have no arguable defence. Any jurisdictional challenge is out of time and without merit.

Court Disposition

Judgment for the Claimant

Orders

  • Defendants to pay US$ 32,285,613.01 to the Claimant