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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.
Seib Insurance and Reinsurance Company LLC v Action International Services LLC
CTFIC0003/2023
Neutral Citation
[2023] QIC (F) 14
Date
01 May 2023
Status
Judges
Her Honour Frances Kirkham CBE
George Arestis
Fritz Brand
Summary
In a judgment by the Qatar Financial Centre Civil and Commercial Court on 1 May 2023, SEIB Insurance and Reinsurance Company LLC (Claimant) successfully claimed QAR 165,105.00 from Action International Services LLC (Defendant) for damages and costs related to a damaged Volvo drilling rig. The Defendant, having failed to respond to the proceedings, was ordered to pay the amount with 5% interest from 10 May 2020, as well as reasonable legal costs. The court found no grounds for the additional QAR 50,000.00 compensation claim.
Judges
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Her Honour Frances Kirkham CBE
England
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George Arestis
Cyprus
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Fritz Brand
South Africa
Judgment Content
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