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Bank Audi LLC v Al Fardan Investment Company LLC and Others

Court of First Instance
Case No. CTFIC0015/2021
Neutral Citation
[2022] QIC (F) 20
Date
24 November 2022
Status
Keywords
First Instance Circuit
Contract
Banking
Misrepresentation
Counterclaim
Fiduciaries
Investors
Judges
Her Honour Frances Kirkham CBE
Lord Hamilton
Fritz Brand
Summary

In the Qatar International Court case dated 24 November 2022, Bank Audi LLC (BAQ) claimed against five defendants, including Mr. Fahad Hussain Ibrahim Al Fardan. Mr. Al Fardan counterclaimed damages for a USD 20 million investment made in a Lebanese bank in December 2016. His applications for additional document disclosure and hearing adjournment were rejected. However, his requests to amend his counterclaim and introduce a second witness statement were granted. The court ruled that the third defendant's counterclaim failed, and he must pay BAQ's costs. The judgment primarily concerned the breach of contract and negligent misstatement claims.

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Judges

  • Her Honour Frances Kirkham CBE

    England

  • Lord Hamilton

    Scotland

  • Fritz Brand

    South Africa

Judgment Content

Other Judgments related to the same case

Case No. CTFIC0015/2021

  • Judgment No:

    [2023] QIC (C) 4

    08 June 2023
    View

  • Judgment No:

    [2022] QIC (F) 2

    16 January 2022
    View

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