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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) 15
Date
04 April 2024
Status
Keywords
Judges
Fritz Brand
Ali Malek KC
Yongjian Zhang
Summary
In the Qatar Financial Centre Civil and Commercial Court, Amberberg Limited's claims against Remy Abboud and Marc Reaidi were dismissed due to lack of jurisdiction. The court determined that neither defendant, both Lebanese nationals, qualified as entities established within the Qatar Financial Centre (QFC), a requirement under the court's jurisdictional rules. The court also rejected the Claimant's arguments based on previous cases and the QFC regulations. Consequently, Amberberg Limited must cover the reasonable costs incurred by Abboud and Reaidi in defending against these claims.
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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