Anastasiia Denisova v (1) Aleksei Galtcev (2) Realiste Holding Ltd [2025] DIFC CFI 041 (15 May 2025)

Anastasiia Denisova v (1) Aleksei Galtcev (2) Realiste Holding Ltd [2025] DIFC CFI 041 (15 May 2025)

On the balance of probabilities, the Claimant paid USD 1,000 for the 10,000 shares as evidenced by the signed Instrument of Transfer and subsequent registration. The Defendants' revocation of shares was not in accordance with the Articles of Association, as no notice or opportunity to cure was given, and the Defendants' arguments and evidence were less credible than the Claimant's.

Citation
[2025] DIFC CFI 041
Parties
Claimant: Anastasiia Denisova; First Defendant: Aleksei Galtcev; Second Defendant: Realiste Holding Ltd
Jurisdiction
United Arab Emirates
Judgment Date
15 May 2025
Procedural Posture
Civil (shareholder Dispute) / Preliminary Issue Trial in Court of First Instance
Outcome
Judgment for the Claimant on the preliminary issue.
Legal Topics
Share Transfer, Payment for Shares, Forfeiture of Shares, Company Articles of Association, Evidence of Payment
Company Law Contract Law Share Transfer Payment for Shares Forfeiture of Shares Company Articles of Association Evidence of Payment

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 4 Authorities cited 2 Party arguments 2 Amounts and remedies 2
Sign in to unlock

Parties

Anastasiia Denisova

Claimant

Aleksei Galtcev

First Defendant

Realiste Holding Ltd

Second Defendant

Procedural Posture

Civil (shareholder Dispute) / Preliminary Issue Trial in Court of First Instance

Legal Issues

  1. 1 Whether the Claimant paid USD 1,000 for 10,000 Class A shares in the Second Defendant
  2. 2 Whether the Defendants lawfully revoked the Claimant's shares for alleged non-payment

Ratio Decidendi

On the balance of probabilities, the Claimant paid USD 1,000 for the 10,000 shares as evidenced by the signed Instrument of Transfer and subsequent registration. The Defendants' revocation of shares was not in accordance with the Articles of Association, as no notice or opportunity to cure was given, and the Defendants' arguments and evidence were less credible than the Claimant's.

Court Disposition

Judgment for the Claimant on the preliminary issue.

Orders

  • Declaration that the Claimant paid USD 1,000 for the 10,000 Class A shares in the Second Defendant.
  • Claimant entitled to costs of the preliminary issue, to be assessed on the standard basis.