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Judgments

Akram Hidri vs Qatar Financial Center Authority

Court of First Instance
CTFIC0026/2024
Neutral Citation
[2024] QIC (F) 46
Date
30 October 2024
Status
Keywords
First Instance Circuit
Immunity
Bad faith
Judges
Fritz Brand
Ali Malek KC
Helen Mountfield KC
Summary

The Qatar Financial Centre Civil and Commercial Court granted summary judgment in favor of the Qatar Financial Centre Authority (QFCA), dismissing claims by Akram Hidri and Creatrea LLC. The claimants alleged that QFCA negligently delayed processing a Controller Notice for a share transfer, causing them loss. The court ruled that Article 16 of the QFC Law provides QFCA with immunity from civil liability for acts done in good faith while performing its duties. The claimants failed to present an arguable cause of action that could overcome this statutory immunity, leading to the dismissal of their claims and an order to pay QFCA's costs.

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Judges

  • Fritz Brand

    South Africa

  • Ali Malek KC

    England

  • Helen Mountfield KC

    England

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