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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 (C) 13
Date
08 September 2024
Status
Keywords
Before
Umar Azmeh
Summary
The Qatar Financial Centre Civil and Commercial Court ruled on a costs assessment involving Amberberg Limited and eight defendants, including Marc Reaidi. The Court dismissed the claim against Reaidi due to lack of jurisdiction and ordered Amberberg to pay him QAR 18,310. The case was rooted in disputes arising from Amberberg's acquisition of shares in the First Defendant. The Court's judgment on costs followed its regulations, emphasizing proportionality, conduct, and reasonable settlement offers. Reaidi's costs claim included significant legal work, and he argued that his hourly rate should be $500, highlighting the claimant's confrontational conduct.
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