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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.
Qatar Financial Centre Authority v CanQonnect Solutions LLC
CTFIC0020/2024
Neutral Citation
[2024] QIC (F) 30
Date
28 July 2024
Status
Keywords
Judges
George Arestis
Fritz Brand
Yongjian Zhang
Summary
The Qatar Financial Centre Authority (QFCA) sued CanQonnect Solutions LLC for failing to submit a required Beneficial Owners report by the deadline, resulting in a $3,000 penalty. The Defendant did not respond or pay the penalty. The QFC Civil and Commercial Court, without requiring oral evidence, ruled in favor of QFCA, ordering the Defendant to pay the penalty and the Claimant's legal costs. The case was handled under the Small Claims Track to ensure quick and efficient resolution. The judgment was signed by Justice Fritz Brand.
Judges
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George Arestis
Cyprus
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Fritz Brand
South Africa
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Yongjian Zhang
China
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