Rodiston Limited v Murat Canik & Ors

Rodiston Limited v Murat Canik & Ors

The defendants are jointly and severally liable to repay the principal and interest under the loan agreements, as they failed to raise any valid defence, the agreements were governed by English law with English jurisdiction clauses, and the guarantees by Miral and Vertia were enforceable. Any jurisdictional challenge was out of time and without merit.

Parties
Claimant: Rodiston Limited; First Defendant: Murat Canik; Second Defendant: Vertia İnşaat Taahhüt Turizm Halicilik Deri Kuyumculuk Sanayi Ve Ticaret Anonim Şirketi; Third Defendant: Miral Turizm İnşaat Petrol Sanayi Ve Ticaret Anonim Şirketi
Jurisdiction
England and Wales
Judgment Date
04 January 2026
Procedural Posture
Commercial Claim for Recovery of Loan Sums and Interest / Final Judgment After Oral Hearing
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

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 3 Authorities cited 3 Party arguments 2 Amounts and remedies 7
Sign in to unlock

Parties

Rodiston Limited

Claimant

Murat Canik

First Defendant

Vertia İnşaat Taahhüt Turizm Halicilik Deri Kuyumculuk Sanayi Ve Ticaret Anonim Şirketi

Second Defendant

Miral Turizm İnşaat Petrol Sanayi Ve Ticaret Anonim Şirketi

Third Defendant

Procedural Posture

Commercial Claim for Recovery of Loan Sums and Interest / Final Judgment After Oral Hearing

Legal Issues

  1. 1 Whether the defendants are liable to repay principal and interest under the loan agreements
  2. 2 Whether the English court has jurisdiction
  3. 3 Whether the guarantees by Miral and Vertia are enforceable

Ratio Decidendi

The defendants are jointly and severally liable to repay the principal and interest under the loan agreements, as they failed to raise any valid defence, the agreements were governed by English law with English jurisdiction clauses, and the guarantees by Miral and Vertia were enforceable. Any jurisdictional challenge was out of time and without merit.

Court Disposition

Judgment for the claimant

Orders

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