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Bank Audi LLC v Al Fardan Investment Company LLC and Others

Court of First Instance
Case No. CTFIC0015/2021
Neutral Citation
[2022] QIC (F) 2
Date
16 January 2022
Status
Keywords
First Instance Circuit
Guarantees
Loan Agreements
QFC Contract Regulations
Summary Judgment
Judges
Her Honour Frances Kirkham CBE
Lord Hamilton
Fritz Brand
Summary

The Qatar International Court granted summary judgment against Bank Audi LLC's first, second, fourth, and fifth respondents for QAR 26,320,643.56, which includes two loans of QAR 12 million each plus interest. The third respondent's application for summary judgment was denied, and further proceedings are required. The court recognized its jurisdiction as per QFC regulations. The respondents' defense of set-off was rejected for the first respondent due to a waiver clause, while the third respondent's case required further factual investigation. The liability of the second, fourth, and fifth respondents remains independent of the third respondent's claim.

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Judges

  • Her Honour Frances Kirkham CBE

    England

  • Lord Hamilton

    Scotland

  • Fritz Brand

    South Africa

Judgment Content

Other Judgments related to the same case

Case No. CTFIC0015/2021

  • Judgment No:

    [2023] QIC (C) 4

    08 June 2023
    View

  • Judgment No:

    [2022] QIC (F) 20

    24 November 2022
    View

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