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Judgments

KBF Trading and Contracting Company WLL v (1) Akram Hidri and (2) Creatrea LLC

Appellate Division
CTFIC0012/2022 KBF Trading and Contracting Company WLL v (1) Akram Hidri and (2) Creatrea LLC
Neutral Citation
[2023] QIC (A) 10
Date
03 October 2023
Status
Keywords
Appellate Division
Contract
Shareholders agreement
Companies
Judges
The Rt. Hon. The Lord Thomas of Cwmgiedd
Sir Bruce Robertson
Chelva Rajah SC
Summary

The Qatar Financial Centre Civil and Commercial Court Appellate Division allowed KBF Trading and Contracting Company to appeal against the dismissal of its claim under clause 4.1 of a Shareholder Agreement with Akram Hidri and Creatrea LLC. KBF alleged that Hidri failed to secure deals worth QAR 200,000 within three months, as per the agreement, and sought repayment of QAR 100,000. The court granted the appeal, ordering Hidri to pay QAR 100,000 plus interest to KBF. The court found insufficient evidence that Hidri had met the contractual threshold of securing deals worth QAR 200,000. No order as to costs was made.

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Judges

  • The Rt. Hon. The Lord Thomas of Cwmgiedd

    Wales

  • Sir Bruce Robertson

    New Zealand

  • Chelva Rajah SC

    Singapore

Judgment Content

Other Judgments related to the same case

CTFIC0012/2022 KBF Trading and Contracting Company WLL v (1) Akram Hidri and (2) Creatrea LLC

  • Judgment No:

    [2022] QIC (F) 19

    27 October 2022
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