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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.
Amberberg Limited vs Prime Financial Solutions LLC and others
CTFIC0071/2023
Neutral Citation
[2024] QIC (F) 16
Date
04 April 2024
Status
Judges
Fritz Brand
Ali Malek KC
Yongjian Zhang
Summary
The judgment from the Qatar Financial Centre Civil and Commercial Court dismissed Amberberg Limited’s claims against Qatar General Insurance & Reinsurance Company QPSC (the Eighth Defendant). The court declared the claims and the request for document disclosure as entirely without merit and ordered Amberberg to pay the Eighth Defendant’s costs. Amberberg, a British Virgin Islands company, had alleged various regulatory failures by the defendants, including breaches of duty of care and negligence linked to its shareholding in Prime Financial Solutions LLC. The court found no prospect of Amberberg succeeding in its claims against the Eighth Defendant.
Judges
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Fritz Brand
South Africa
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Ali Malek KC
England
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Yongjian Zhang
China
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