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Daruna For Real Estate Brokerage Co. LLC and Sheikh Nasser bin Abdulrahman bin Nasser Al Thani v Lesha Bank LLC

Appellate Division
Case No. CTFIC0018/2021
Neutral Citation
[2023] QIC (A) 4
Date
11 July 2023
Status
Keywords
Appellate Division
Breach of Contract
QFC Contract Regulations 2005
Shareholder disputes
Banking
Finance
Judges
The Rt. Hon. The Lord Thomas of Cwmgiedd
Sir William Blair
Dr. Rashid Hamad Al-Anezi
Summary

The Qatar Financial Centre Civil and Commercial Court Appellate Division ruled on a case involving Daruna for Real Estate Brokerage Co. LLC and Sheikh Nasser bin Abdulrahman bin Nasser Al Thani against Lesha Bank LLC. The Bank's appeal was dismissed, while Daruna's appeal was allowed, increasing damages to QAR 14,122,949. The dispute stemmed from a financing agreement breach regarding worker accommodation projects for the FIFA World Cup 2022. Despite inadequate documentation, the court allowed new evidence on appeal to better understand the financial arrangements. The Bank was ordered to cover the appeal costs.

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Judges

  • The Rt. Hon. The Lord Thomas of Cwmgiedd

    Wales

  • Sir William Blair

    England

  • Dr. Rashid Hamad Al-Anezi

    Kuwait

Judgment Content

Other Judgments related to the same case

Case No. CTFIC0018/2021

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    [2022] QIC (F) 14

    14 August 2022
    View

  • Judgment No:

    [2021] QIC (F) 27

    23 December 2021
    View

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