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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) 27
Date
21 July 2024
Status
Judges
Fritz Brand
Ali Malek KC
Yongjian Zhang
Summary
In a judgment issued by the Qatar Financial Centre Civil and Commercial Court on 21 July 2024, the court denied Amberberg Limited's request for a six-month stay to raise funds for a security payment of GBP 144,000. The court also dismissed the Defendants' applications to strike out the Claimant's claims as premature, as the Claimant could still make the required payments in stages. No costs were awarded to either party. The judgment highlighted the importance of expeditious litigation and noted the first application of a Litigation Restraint Order against the Claimant and Mr. Veiss.
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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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