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

Court of First Instance
Case No. CTFIC0018/2021
Neutral Citation
[2022] QIC (F) 14
Date
14 August 2022
Status
Keywords
Contract
First Instance Circuit
Qatar Civil Code
QFC Contract Regulations
Shareholders agreement
Governing Law
Judges
Lord Hamilton
Fritz Brand
Dr. Muna Al-Marzouqi
Summary

In a case before the Qatar International Court, Daruna for Real Estate Brokerage Co. LLC and Sheikh Nasser Bin Abdulrahman Bin Nasser Al Thani sued Qatar First Bank LLC for breach of contract. The court ordered the Bank to pay QAR 13,722,949 in damages and cover the claimants' legal costs. The dispute arose from a failed joint venture to develop a site at Umm Slal for guest worker accommodation. The Bank initially agreed to a 70% equity investment but later declined to provide further funds, leading to project termination and financial losses for Daruna.

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Judges

  • Lord Hamilton

    Scotland

  • Fritz Brand

    South Africa

  • Dr. Muna Al-Marzouqi

    Qatar

Judgment Content

Appellate History

Other Judgments related to the same case

Case No. CTFIC0018/2021

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    [2023] QIC (A) 4

    11 July 2023
    View

  • Judgment No:

    [2021] QIC (F) 27

    23 December 2021
    View

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