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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.
Mark Krombas v Epicure Investment Management LLC
CTFIC0006/2023
Neutral Citation
[2023] QIC (F) 39
Date
23 August 2023
Status
Judges
Dr. Rashid Hamad Al-Anezi
Fritz Brand
Yongjian Zhang
Summary
In a judgment dated August 23, 2023, the Qatar Financial Centre Civil and Commercial Court ordered Epicure Investment Management LLC (Defendant) to pay Mark Krombas (Claimant) QAR 305,630 plus 5% annual interest and reasonable legal costs. Krombas, a former employee, argued he was entitled to a performance bonus for 2022, citing consistent past bonuses. The Defendant contended the bonus was discretionary and not contractually required. The court ruled in favor of Krombas, rejecting the Defendant’s claim of redundancy and discretionary bonus. The court affirmed its jurisdiction based on the Defendant's QFC registration.
Judges
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Dr. Rashid Hamad Al-Anezi
Kuwait
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Fritz Brand
South Africa
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Yongjian Zhang
China
Judgment Content
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