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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.
Bank Audi LLC v Al Fardan Investment Company LLC and Others
Case No. CTFIC0015/2021
Neutral Citation
[2023] QIC (C) 4
Date
08 June 2023
Status
Before
Umar Azmeh
Summary
On 8 June 2023, the Qatar Financial Centre Civil and Commercial Court ordered the Third Defendant, Fahad Hussain Ibrahim Al Fardan, to pay the Claimant, Bank Audi LLC, QAR 1,145,472.26 within 14 days. Initially, a summary judgment was issued against the First, Second, Fourth, and Fifth Defendants in January 2022, excluding the Third Defendant. The Third Defendant’s counterclaims were dismissed in November 2022, and he was ordered to pay the Claimant's costs. Disputes over the costs claimed by the Claimant led to further submissions, ultimately determining the reasonableness and proportionality of the legal fees incurred.
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