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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
[2023] QIC (A) 4
Date
11 July 2023
Status
Keywords
Judges
The Rt. Hon. The Lord Thomas of Cwmgiedd
Sir William Blair
Dr. Rashid Hamad Al-Anezi
Summary
The Qatar Financial Centre Civil and Commercial Court Appellate Division ruled on a case involving Daruna for Real Estate Brokerage Co. LLC and Sheikh Nasser bin Abdulrahman bin Nasser Al Thani against Lesha Bank LLC. The Bank's appeal was dismissed, while Daruna's appeal was allowed, increasing damages to QAR 14,122,949. The dispute stemmed from a financing agreement breach regarding worker accommodation projects for the FIFA World Cup 2022. Despite inadequate documentation, the court allowed new evidence on appeal to better understand the financial arrangements. The Bank was ordered to cover the appeal costs.
Judges
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The Rt. Hon. The Lord Thomas of Cwmgiedd
Wales
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Sir William Blair
England
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Dr. Rashid Hamad Al-Anezi
Kuwait
Judgment Content
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