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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.
Rudolfs Veiss v Prime Financial Solutions LLC
CTFIC0035/2022
Neutral Citation
[2024] QIC (F) 47
Date
30 October 2024
Status
Judges
Fritz Brand
Summary
The Qatar Financial Centre Civil and Commercial Court granted Rudolfs Veiss permission to proceed with his action against Prime Financial Solutions LLC, which had been stayed pending an appeal. Veiss, previously a director at PFS, sought indemnification for costs incurred in defending charges brought by the QFC Regulatory Authority. The Court had stayed the case awaiting the appeal's outcome, which has now concluded. Justice Fritz Brand found the application reasonable and not an abuse of process, thus allowing Veiss to continue his claim. Veiss was represented by Eversheds Sutherland (International) LLP.
Judges
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Fritz Brand
South Africa
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