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Through its supervisory arbitrational jurisdiction under Law No 2 of 2017 issuing the Arbitration Law in Civil and Commercial Matters, parties can elect the QICDRC as the “Competent Court” of arbitration to perform various functions in relation to interim measures, enforcement of awards and appeals.
Daruna For Real Estate Brokerage Co. LLC and Sheikh Nasser bin Abdulrahman bin Nasser Al Thani v Lesha Bank LLC
Case No. CTFIC0018/2021
Neutral Citation
[2022] QIC (F) 14
Date
14 August 2022
Status
Keywords
Judges
Lord Hamilton
Fritz Brand
Dr. Muna Al-Marzouqi
Summary
In a case before the Qatar International Court, Daruna for Real Estate Brokerage Co. LLC and Sheikh Nasser Bin Abdulrahman Bin Nasser Al Thani sued Qatar First Bank LLC for breach of contract. The court ordered the Bank to pay QAR 13,722,949 in damages and cover the claimants' legal costs. The dispute arose from a failed joint venture to develop a site at Umm Slal for guest worker accommodation. The Bank initially agreed to a 70% equity investment but later declined to provide further funds, leading to project termination and financial losses for Daruna.
Judges
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Lord Hamilton
Scotland
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Fritz Brand
South Africa
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Dr. Muna Al-Marzouqi
Qatar
Judgment Content
Appellate History
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11
Jul 2023
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